Examples of Restricted Stock Units Grant in a sentence
Nothing contained in this Article IV, any Restricted Stock or Restricted Stock Units Grant Agreement or in any other agreement executed in connection with the issuance of Restricted Stock and Restricted Stock Units under this Article IV will confer upon any holder any right with respect to the continuation of his or her status as an employee of the Company or any of its Subsidiaries.
Each issuance of Restricted Stock and Restricted Stock Units pursuant to this Article IV will be evidenced by a Restricted Stock or Restricted Stock Units Grant Agreement between the Company and the Holder in form and substance satisfactory to the Committee in its sole discretion, consistent with this Article IV.
Such documents may include, without limitation, an agreement by the transferee to be bound by all of the terms of this Plan applicable to Restricted Stock and Restricted Stock Units and of the applicable Restricted Stock or Restricted Stock Units Grant Agreement, as if the transferee were the original Holder of such Restricted Stock and Restricted Stock Units.
Restricted Stock and Restricted Stock Units will be deemed issued only upon (i) authorization by the Committee, and (ii) the execution and delivery of a Restricted Stock or Restricted Stock Units Grant Agreement by the Eligible Employee or Eligible Director to whom such Restricted Stock or Restricted Stock Unit is to be issued (the “Holder”) and a duly authorized officer of the Company.
Any Transfer of Restricted Stock and Restricted Stock Units that would otherwise be permitted under the terms of this Plan is prohibited unless the transferee executes such documents as the Company may reasonably require to ensure the Company’s rights under a Restricted Stock or Restricted Stock Units Grant Agreement and this Article IV are adequately protected with respect to the Restricted Stock and Restricted Stock Units so Transferred.
Any Transfer of Restricted Stock or Restricted Stock Units that would otherwise be permitted under the terms of this Plan is prohibited unless the transferee executes such documents as the Company may reasonably require to ensure the Company’s rights under a Restricted Stock or Restricted Stock Units Grant Agreement and this Article IV are adequately protected with respect to the Restricted Stock and Restricted Stock Units so Transferred.
Each Restricted Stock or Restricted Stock Units Grant Agreement will specify the purchase price per share, if any, paid by the Holder for the Restricted Stock or Restricted Stock Units, such amount to be fixed by the Committee and the Board.
Without limiting the foregoing, each Restricted Stock or Restricted Stock Units Grant Agreement shall set forth the terms and conditions of any forfeiture provisions regarding the Restricted Stock or Restricted Stock Units, (including any provisions for accelerated vesting in the event of a Change in Control Transaction) as determined by the Committee and the Board.
Effective as of the date of grant set forth in the Notice of Restricted Stock Units Grant available on the AST Equity Plan Solutions website (the “Notice of Grant”), Intellon Corporation hereby grants to the participant named in the Notice of Grant (the “Participant”) a number of Restricted Stock Units as set forth in the Notice of Grant.
Restricted Stock and Restricted Stock Units will be deemed issued only upon (i) authorization by the Committee, (ii) approval by the Board, and (iii) the execution and delivery of a Restricted Stock or Restricted Stock Units Grant Agreement by the Eligible Employee to whom such Restricted Stock or Restricted Stock Unit is to be issued (the “Holder”) and a duly authorized officer of the Company.