Otis RSU Award definition
Otis RSU Award means an award of time-based restricted stock units relating to Otis Shares assumed by Otis pursuant to the Otis LTIP in accordance with Section 4.02(e).
Company RSU Award means each restricted stock unit that is (i) subject solely to service-based vesting and (ii) payable in shares of Company Class A Common Stock or the value of which is determined with reference to the value of shares of Company Class A Common Stock.
RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).
RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.
3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non-Employee.
Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).
Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.
RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”
Deferred Stock Units means the number of hypothetical Shares subject to an Election.
Restricted Share Unit Award means an award of Restricted Share Units under this Plan.
PSU means Public Sector Undertaking
Company RSUs means any restricted stock units granted under any of the Company Equity Plans.
Deferred Stock Award means Awards granted pursuant to Section 8.
Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.
Company Restricted Stock Unit means any restricted stock unit representing the right to receive Company Common Stock subject to vesting or other restrictions under any Company Stock Plan.
Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.
Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.
Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).
Company RSU means a restricted stock unit in respect of one or more shares of Company Stock granted under any Company Stock Plan.
Restricted Share Award means an award of Restricted Shares.
Unvested Company Option means any Company Option that is not a Vested Company Option.
LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.
PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;
Bonus Stock Award means an award of Bonus Stock under this Plan.
Share Award means an Award of Shares granted pursuant to Section 10.
Company Equity Award means a Company Stock Option or a Company Stock Award or a phantom stock award, as the case may be.
Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.