Examples of Restricted Share Units in a sentence
To the extent that Restricted Share Units are vested on the date of Awardee’s Termination of Employment due to death, Awardee’s estate or designated beneficiary is entitled to receive the corresponding Shares from the Company on the date of death.
The Company does not make any representation or undertaking regarding the tax treatment or the treatment of any tax withholding in connection with the grant, vesting or payment of the Restricted Share Units or the subsequent sale of Shares issuable pursuant to the Restricted Share Units.
The Company does not commit and is under no obligation to structure the Restricted Share Units to reduce or eliminate Awardee’s tax liability.
Except as set forth in Paragraphs 1(b) and 3(b), (c) and (d) or as provided in a plan or agreement described in Paragraph 16 below, if a Termination of Employment occurs, then any unvested Restricted Share Units are forfeited by Awardee immediately upon such Termination of Employment.
Sixty percent of the CEO’s long-term incentive target will be awarded in the form of Restricted Share Units (RSU) and forty percent will be awarded in the form of Performance Share Units (PSU).