Stock Unit Award definition

Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

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Stock Unit Award means a grant of a right to receive shares of Common Stock or cash under Section 7 of the Plan.

Stock Unit Award means a contractual right granted to an Eligible Person under Section 9 hereof representing notional unit interests equal in value to a share of Common Stock to be paid and distributed at such times, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

Examples of Stock Unit Award in a sentence

Subject to the terms and conditions of this Agreement, this Restricted Stock Unit Award shall vest, and the restrictions with respect to this Restricted Stock Unit Award shall lapse, on the date or dates and in the amount or amounts set forth in the attached Restricted Stock Unit Award Certificate if the Executive Officer remains continuously employed by the Corporation until the respective vesting dates.
No transfer by will or the applicable laws of descent and distribution of this Restricted Stock Unit Award by reason of the Executive Officer’s death shall be effective to bind the Corporation unless the Committee shall have been furnished with written notice of such transfer and a copy of the will or such other evidence as the Committee may deem necessary to establish the validity of the transfer.
In addition, upon such event, the Corporation shall have the right to demand immediate repayment of any Dividend Equivalents paid on the unvested portion of this Restricted Stock Unit Award.
If the Executive Officer retires after June 30 of the calendar year that includes the Grant Date, the unvested portion of this Restricted Stock Unit Award shall become immediately vested without proration.
This Restricted Stock Unit Award, to the extent it vests, shall be paid in Shares of the Corporation.

More Definitions of Stock Unit Award

Stock Unit Award means the agreement between RHI and the recipient of a Stock Unit, or the notice to the recipient, which contains the terms, conditions and restrictions pertaining to such Stock Unit.

Stock Unit Award means an Award of Common Stock or units granted under Section 10.

Stock Unit Award means a right granted to an Eligible Recipient pursuant to Section 9 of the Plan to receive the Fair Market Value of one or more shares of Common Stock, payable in cash, shares of Common Stock, or a combination of both, the payment, issuance, retention and/or vesting of which is subject to the satisfaction of specified conditions, which may include achievement of specified performance objectives. A Stock Unit Award when payable in shares of Common Stock is also commonly referred to as a “restricted stock unit.”

Stock Unit Award means awards of Common Stock or other awards pursuant to Section 6.8 hereof that are valued in whole or in part by reference to, or are otherwise based on, shares of Common Stock or other securities of the Company.

Stock Unit Award means an award of Common Stock or units granted under Section 11.

Stock Unit Award means an award or issuance of Stock Units made under Section 12 of the Plan, the grant, issuance, retention, vesting and/or transferability of which is subject during specified periods of time to such conditions (including, without limitation, continued employment or performance conditions) and terms as are expressed in the agreement or other documents evidencing the Award (the “Stock Unit Award Agreement”).

Stock Unit Award means a contractual right granted to an Eligible Employee under Article 8 representing notional unit interests equal in value to a Share to be paid or distributed at such times, and subject to such conditions, as set forth in the Plan and the applicable Award Agreement.