Examples of Vested in a sentence
In the event that such limit is exceeded, the number of Restricted Stock Units that would otherwise be Vested Restricted Stock Units pursuant to Section 3(A) shall be reduced to the extent necessary such that the actual number of Vested Restricted Stock Units does not exceed such limit.
Notwithstanding anything to the contrary in this Agreement, the number of Restricted Stock Units subject to this Award that become Vested Restricted Stock Units shall not exceed the number of Restricted Stock Units determined by dividing five times the Date of Grant fair value of this Award (as determined by the Company for financial statement reporting purposes) by the Fair Market Value of a share of Common Stock on the applicable vesting date.
Such number of Restricted Stock Units that vest will be rounded to the nearest whole unit and are referred to herein as the “Vested Restricted Stock Units.” Restricted Stock Units that are not Vested Restricted Stock Units, after giving effect to the foregoing provisions and Section 3(B), as of the last day of the Performance Period shall immediately terminate and be cancelled.
APPENDIX “G” In respect of the [RSUs][PSUs] that Vested on [●] that were granted to you by Rio Grande Resources Ltd.