Examples of RSU Grantee in a sentence
No cash dividends shall be payable with respect to the RSUs. Instead, for each RSU, Grantee shall have a dividend equivalent right (“DER”).
Without limitation, and for greater certainty only, this section will apply regardless of whether the RSU Grantee was dismissed with or without cause and regardless of whether the RSU Grantee received compensation in respect of dismissal or was entitled to a notice period of termination which would otherwise have permitted a greater portion of the Restricted Share Units to vest.
For each RSU, Grantee shall have a dividend equivalent right (“DER”).
The Board may delegate to the Administrator or any director, officer or employee of the Corporation such administrative duties and powers as it may see fit.8.2 Interpretation The interpretation by the Board of any of the provisions of the Plan and any determination by it pursuant thereto will be final and conclusive and will not be subject to any dispute by any Option Holder or RSU Grantee.
In such case, the number of additional Restricted Share Units will be equal to the aggregate value of dividends that would have been paid to the RSU Grantee if the Restricted Share units in the RSU Grantee's account had been Shares divided by the Market Value of a Share on the date on which dividends were paid by the Corporation.
Upon vesting of the RSU, Grantee will include in income the fair market value of the Shares subject to the RSU.
A Restricted Share Unit granted to an RSU Grantee will entitle the RSU Grantee, subject to the RSU Grantee's satisfaction of any conditions, restrictions, performance objectives, vesting period or limitations imposed under the Plan or set out in the Restricted Share Unit grant letter, to receive a payment in fully paid Shares issued from treasury of the Corporation on the date when the Restricted Share Unit is vested.
By accepting an Option or Restricted Share Unit granted hereunder, the Option Holder or RSU Grantee, as the case may be, has expressly agreed with the Corporation to be bound by the terms and conditions of the Plan.
An Option Holder or RSU Grantee may, at any time, advise the Corporation of a change in their address, fax number or email address.
RSU Settlements The number of Restricted Share Units awarded to an RSU Grantee will be credited to the RSU Grantee's account, effective as of the RSU Grant Date.