Replacement RSU definition

Replacement RSU means a restricted share unit that may be settled in cash or Purchaser Shares granted by the Purchaser in exchange for (i) New RSUs on the basis set forth in Section 3.2(n)(ix); and (ii) if applicable, Floating RSUs on the basis set forth in Section 3.2(n)(xii).

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Replacement RSU has the meaning specified in Section 1.1 of the Plan of Arrangement.

Replacement RSU has the meaning ascribed thereto in Section 2.2(d);

Examples of Replacement RSU in a sentence

The term to expiry, conditions to and manner of receipt and other terms and conditions of each of the Replacement RSUs shall be the same as the terms and conditions of the Aphria RSU for which it is exchanged except that such Replacement RSU shall be governed by the terms and conditions of the Tilray Plan and, in the event of any inconsistency or conflict the Tilray Plan shall govern.
The number of units subject to a Replacement RSU will be determined by multiplying the number of units subject to the Company RSU immediately prior to the Effective Time by the Option Exchange Ratio, and rounding to the nearest whole unit.
The number of restricted stock units granted pursuant to the Replacement RSU Awards shall be determined pursuant to the formula set forth on Schedule 1.4(a).
Each such Replacement RSU shall be subject to vesting in accordance with the same vesting schedule as was applicable to the Converted Option.
Each Replacement RSU (except for Replacement RSUs issued in exchange for Retention RSUs in accordance with Section 1.8) will provide for acceleration on the terms and conditions set forth in Schedule 1.6.
Following the Effective Time, each Replacement RSU and Substitute RSU shall accrue and be entitled to dividend equivalents to the same extent as the related Versum RSU, Prior Plan Versum RSU or Versum PSU.
It is intended that the provisions of subsection 7(1.4) of the Tax Act apply to the exchange of a BHC RSU for a BHC Replacement RSU and that the number of BHC Class A Shares issuable pursuant to the BHC Replacement RSUs shall be determined in a manner consistent with the requirements of Section 409A of the U.S. Tax Code, as applicable.
Each such Replacement RSU shall have, and be subject to, the same terms and conditions that were applicable to the corresponding Company RSU immediately before the Effective Time (including, vesting, repurchase or other applicable restrictions), with such revisions as Parent in its good faith discretion determines are necessary to reflect (i) the conversion of the applicable Company RSU into a Company Replacement RSU and (ii) the Rooster Merger.
Each such Parent Replacement RSU shall have, and be subject to, substantially the same terms and conditions that were applicable to the corresponding Parent RSU immediately before the Effective Time (including, vesting, repurchase or other applicable restrictions and any accrued dividend or dividend equivalent rights).
Except as set out above, all other terms and conditions of such BHC Replacement RSU, including the conditions to and manner of vesting, will b the same as the BHC RSU so exchanged.

More Definitions of Replacement RSU

Replacement RSU means a restricted share unit which, upon vesting, entitles the holder thereof to Purchaser Subordinate Voting Shares granted by the Purchaser in replacement of Company RSUs pursuant to the Arrangement.

Replacement RSU means a restricted share unit to acquire Canopy Shares granted by Canopy in exchange for an Acreage RSU on the basis set forth in the Plan of Arrangement.

Replacement RSU has the meaning set forth in Section 1.6(a)(iii).

Replacement RSU means a restricted share unit, including an income replacement share unit, as applicable, to acquire REIT Units granted by the REIT in replacement of RSUs pursuant to the Arrangement.

Replacement RSU has the meaning ascribed thereto in Section 3.1(1)(d); “Tax Act” means the Income Tax Act (Canada).

Replacement RSU has the meaning assigned to such term in the LTIP.