Restricted Stock Units definition
Examples of Restricted Stock Units in a sentence
Beginning for the 2025 financial year, Employee shall be eligible to receive LTI in the form of Restricted Stock Units (“RSUs”) pursuant to the Company’s Share Unit Plan and as determined by the Company’s Board of Directors (“Board of Directors”) from time to time.
Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the Plan, the Company has granted to the Participant as of _______ ___, 2025 (the “Date of Grant”) [●] Restricted Stock Units (“RSUs”).
Each Outside Director may elect to receive all of such Outside Director’s Cash Retainers, with respect to services performed in a future Fiscal Year (or certain portion of the applicable Fiscal Year with respect to an Initial Election or Initial Director Election, each as defined below), in the form of Restricted Stock Units in lieu of cash payments of such Cash Retainers (such Restricted Stock Units in lieu of the Cash Retainers, the “Retainer Awards,” and such election, a “Retainer Election”).
Executive’s outstanding Performance Share Units and Performance Based Restricted Stock Units will continue to be governed by all terms of the applicable award agreements and the Long-Term Incentive Plan.
Signing & Retention RSUs 5,000,000 RSUsAs soon as practicable following the execution of this Agreement, the Company will grant you an award of Restricted Stock Units (the “Signing & Retention RSUs”), which will be subject to the terms and conditions of the Company’s Amended and Restated 2013 Omnibus Incentive Plan, with respect to 5,000,000 shares of Common Stock.