RSU Grant Date definition

RSU Grant Date means the date that the Restricted Share Unit is granted to an RSU Grantee under the Plan, as evidenced by the Restricted Share Unit grant letter, and refers also to the date that the Restricted Share Unit is credited to the RSU Grantee which must always be in the same calendar year;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

RSU Grant Date shall have the meaning set forth in Section 5.2.

RSU Grant Date means the date that the Committee first authorized the RSU Grant, as indicated on Attachment A.

Examples of RSU Grant Date in a sentence

• Further, if you have become subject to tax in more than one jurisdiction between the RSU Grant Date and the date of any relevant taxable event, as applicable, you acknowledge that the Company and/or the Affiliate employing or retaining you (or formerly employing or retaining you, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

• The number of Additional RSUs granted on the Additional RSU Grant Date (rounded down to a whole unit for any fractional unit) shall be determined by dividing the value specified in the preceding sentence by the closing price of one share of Class B Common Stock on the Additional RSU Grant Date.

• One-half of the RSUs underlying each grant shall be subject to performance- and time-based vesting conditions (“PRSUs”), and the other half shall be subject only to time-based vesting conditions (the “TRSUs”), in each case determined as of the RSU Grant Date.

• The Company has awarded to the Participant, and the Participant has accepted, the following Restricted Share Units (“RSUs”) as of the following RSU Grant Date.

• Two requirements must be satisfied on or before the seventh anniversary of the RSU Grant Date (the “Expiration Date”) for the RSUs to vest in whole or in part.

• Subject to Executive’s continued employment with the Company through each such date, the RSU grant shall vest with respect to 15,000 RSUs on the first anniversary of the date of grant of the RSUs (the “RSU Grant Date”) and with respect to 1,250 of the RSUs on each monthly anniversary of the RSU Grant Date thereafter, such that the RSU grant shall be vested with respect to all RSUs (subject to Executive’s continued employment) on the fourth anniversary of the RSU Grant Date.

• The number of Annual RSUs granted on any RSU Grant Date (rounded down to a whole unit for any fractional unit) shall be determined by dividing the RSU Grant Date Value by the closing price of one share of Class B Common Stock on the RSU Grant Date.

• The number of RSUs granted on any RSU Grant Date (rounded down to a whole unit for any fractional unit) shall be determined by dividing the RSU Grant Date Value by the closing price of one share of Common Stock on the RSU Grant Date.

• The RSU Grant listed on Attachment A is hereby awarded to the Participant as of the RSU Grant Date.

• Fifty percent (50%) of the Retention RSUs will vest on the first (1st) anniversary of the Retention RSU Grant Date, and the remaining fifty percent (50%) will vest on the second (2nd) anniversary of the Retention RSU Grant Date, provided that the Executive remains employed by the Company or a designated assignee on each vesting date.

More Definitions of RSU Grant Date

RSU Grant Date means, with respect to any one RSU Award, the grant date established by the Board at the time of grant of such RSU Award.