RSU Grants definition
Examples of RSU Grants in a sentence
The RSU Grants under Section 3 (a) and (b) above are subject to (i) corporate reorganization to parent public holding company Atlis, Inc or another named public holding company (“Pubco”); (ii) the Pubco’s stockholders approving the Pubco Equity Plan (“Stockholder Approval”) and (iii) approval of the terms and conditions of such award by the Committee (“Committee Approval”).
In the event the Company issues cash dividends on the common stock of the Company during the Service Period, the Committee may, but shall not be obligated to, make any adjustments to RSU Grants, which the Committee deems appropriate in its sole discretion to account for such dividends.
The parties hereto intend that the RSU Grants shall be without withholding or deduction for any U.S. tax.
The RSU Grants to be issued will have the rights, preferences and priorities, inter alia, as set forth in the Buyer 2017 Equity Award Plan.
Upon the termination of this Agreement by the Company for Cause or Contractor for any reason, all unvested outstanding equity awards (including the RSU Grants) shall be cancelled and forfeited, and Contractor shall not be entitled to any compensation thereof.
Failing settlement through the procedures set out in Stages and above, the matter may be submitted to Arbitration pursuant to Article hereto.
In the event acquisitions or divestments, or substantial changes in tax or other laws or in accounting principles or practices, or natural disasters or other extraordinary events, then the Committee may, but shall not be obligated to, amend any RSU Grant, in any manner the Committee deems appropriate, so that the Participants may earn a cash payment or stock award (as appropriate) consistent with the objectives of the RSU Grants, as determined by the Committee in its sole discretion.
The Committee has full and exclusive authority to administer the RSU Grants, and to interpret the provisions of each RSU Grant Agreement and the Administrative Practices specified herein, as well as the provisions of each RSU Grant Agreement.
Decisions of the Committee regarding the interpretation and administration of the RSU Grants shall be final and binding on all parties.
The Committee (or the designee of the Committee, which may include the Chief Executive Officer of the Company) shall approve RSU Grants for all other Key Employees.