Substitute RSU definition

Substitute RSU has the meaning set forth in Section 3.3(c).
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Substitute RSU shall have the meaning set forth in Section 2.8(c).
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Examples of Substitute RSU in a sentence

  • From and after the Effective Time, each Substitute RSU shall be subject to the same vesting conditions and payment terms as were applicable to such Rollover RSU immediately prior to the Effective Time, and the terms set forth in Section 7.1(a)(iv) of the Company Disclosure Letter.

  • Following the Effective Time, each Replacement RSU and Substitute RSU shall accrue and be entitled to dividend equivalents to the same extent as the related Versum RSU, Prior Plan Versum RSU or Versum PSU.

  • To the extent a Company RSU Award otherwise would have vested on a particular date, the corresponding Substitute RSU Award shall vest on the Quarterly Vesting Date immediately following such vesting date.

  • For clarity, any Indemnity Escrow Substitute RSU that has not satisfied the time-based vesting requirements under Section 1.1(h)(ii) as of the date of such release shall continue to remain subject to the time-based vesting requirements set forth therein.

  • The Company shall take no action, other than those actions contemplated by this Agreement, that will cause or result in the accelerated vesting of unvested Company RSUs. Each Substitute RSU shall be vested immediately following the Closing as to the same percentage of the total number of shares subject thereto as the Company RSU was vested as to immediately prior to the Closing.

  • As soon as reasonably practicable following the Closing Date, Parent will use commercially reasonable efforts to issue to each Person who holds a Substitute RSU a document evidencing the foregoing assumption of such Company RSU by Parent.

  • Substitute RSUs cannot be subject to conditions, restrictions and contingencies relating to dividend or dividend equivalent rights and deferred payment or settlement.3.2. Additional Substitute RSU Awards.

  • The terms and conditions of the Initial RSU Grant or the Substitute RSU Grant, as applicable, shall, subject to the foregoing, be set forth in a separate award agreement in a form prescribed by the Company or Demand, respectively, (in either case, the “RSU Agreement”), to be entered into by the Company and the Executive or Demand and the Executive, as applicable, which shall evidence the applicable RSU award.

  • For the avoidance of doubt, with respect to the Options and Substitute RSUs, in the event of any conflict or inconsistency between the terms of this Agreement and the terms of the Option Agreement or Substitute RSU Agreement covering such Options and Substitute RSUs, the terms of this Agreement shall control.

  • The number of shares of Parent Common Stock subject to each Substitute RSU Award shall be determined by multiplying the number of shares of Company Common Stock that were subject to the corresponding Company RSU Award immediately prior to the Closing Date by the Exchange Ratio, and rounding the resulting number down to the nearest whole number of shares of Parent Common Stock.

Related to Substitute RSU

  • Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.

  • Substitute Award means an Award granted under the Plan upon the assumption of, or in substitution for, outstanding equity awards previously granted by a company or other entity in connection with a corporate transaction, such as a merger, combination, consolidation or acquisition of property or stock; provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation Right.

  • Substitute Awards means Awards granted or Shares issued by the Company in assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines.

  • Company RSU means each award of restricted stock units of the Company outstanding under any Company Stock Plan or otherwise.

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.

  • Corporate Transaction means the consummation, in a single transaction or in a series of related transactions, of any one or more of the following events:

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Substitute Purchaser is defined in Section 21.