Unvested RSUs definition

Unvested RSUs means, on a given date, the number of RSUs which remain unvested.

Unvested RSUs means the total number of RSUs multiplied by the Applicable Percentage at the time such RSUs are forfeited or such other applicable measurement date. The “Applicable Percentage” shall be (i) 100% until December 18, 2008, (ii) less 25% for each year of employment completed by the Participant with the Company from and after December 18, 2008, and (iii) zero on or after December 18, 2011. The total number of Unvested RSUs that become vested on each vesting date shall be referred to as a “Vesting Tranche”.

Unvested RSUs means all (i) outstanding awards of restricted stock units for Common Stock under the Company Stock Plans as of immediately prior to the Effective Time and (ii) awards of restricted stock units for Common Stock to be granted prior to the Effective Time as set forth in Section 7.1(l) of the Company Disclosure Letter to the extent they are granted prior to the Effective Time, in each case, that are unvested pursuant to their vesting terms as of immediately prior to the Effective Time.

Examples of Unvested RSUs in a sentence

• Unvested RSUs may vest before the time at which they would normally become vested - that is, the vesting of RSUs may accelerate.

• Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

• RSU Award Agreements shall be treated as Executory Contracts under the Plan and deemed assumed on the Effective Date pursuant to sections 365 and 1123 of the Bankruptcy Code; provided, that the Unvested RSUs shall be the only outstanding RSUs under such RSU Award Agreements on the Effective Date (consistent with (b)(ii), above); provided further, that such RSU Award Agreements shall be subject to adjustment by the current Board of Directors of Debtor Core Scientific, Inc.

• Consistent with the Equity Incentive Plans, as and when the Unvested RSUs vest, to satisfy the holder’s withholding tax obligations, the Debtors may reduce the number of New Common Interests that would otherwise be deliverable on account of the assumed RSU Award Agreement and pay the equivalent cash amount to the applicable tax authorities in respect of such tax obligations.

• Unvested RSUs may become vested RSUs before the time at which they would normally become vested by the passage of time — that is, the vesting of RSUs may accelerate.

More Definitions of Unvested RSUs

Unvested RSUs means any Match RSUs or Dividend RSUs which remain unvested as of the date of determination.

Unvested RSUs means any Company Restricted Stock Units that are unvested immediately prior to the Effective Time and that do not vest pursuant to their terms or Section 3.4 hereof in connection with the consummation of any of the Mergers.

Unvested RSUs means as of any date the portion of the RSUs that have not yet vested under Section 3.

Unvested RSUs means the total number of RSUs multiplied by the Applicable Percentage at the time such RSUs are forfeited or such other applicable measurement date. The “Applicable Percentage” shall be (i) 100% until the Initial Vesting Trigger Date, (ii) 75% less 6.25% for each 91 days of employment completed by the Participant with the Company from and after the applicable anniversary of the Grant Date as described in Section 2(a), and (iii) zero on or after the anniversary of Grant Date that precedes the fourth anniversary of the Initial Vesting Trigger Date. The total number of Unvested RSUs that become vested on each vesting date shall be referred to as a “Vesting Tranche”.

Unvested RSUs means “Unvested RSUs” as defined in the applicable Restricted Share Unit Agreement.

Unvested RSUs means any RSUs that are granted to you after the date hereof and, as of your employment termination date, are outstanding but have not yet vested.

Unvested RSUs means RSUs that remain unvested as of the Effective Date.