The Company has granted you [# of shares] Restricted Stock Units (“RSUs” or the “Award”), subject to the terms of this Agreement. 2. Vesting. Except as provided in Section 6, the Award will vest in its entirety on the day preceding the date of the [next year] Annual Meeting of Shareholders (the “Vesting Date”). 3. Distribution. 14. Change in Common Stock.In the event of any change in Common Stock, by reason of any stock dividend, recapitalization, reorganization, split-up, merger, consolidation, exchange of shares, or of any similar change affecting Common Stock, the number of Restricted Stock Units subject to this Agreement shall be equitably adjusted by the Committee. 5. Your Restricted Stock Units shall be paid within 30 days after the date the Restricted Stock Unit award vests. In no event will payment be made more than two and one-half months following the end of the calendar year in which the Restricted Stock Unit award vests. No deferral of the payment date shall be permitted under this Agreement. How is a restricted stock award different from a restricted stock unit? Like a restricted stock award (RSA), a restricted stock unit (RSU) is a grant valued in terms of company stock. Unlike an RSA, no company stock is issued at the time of an RSU grant, and therefore no Special Tax 83(b) elections can be made at grant.
APPLE INC. 2003 EMPLOYEE STOCK PLAN. RESTRICTED STOCK UNIT AWARD AGREEMENT. NOTICE OF GRANT. Name: (the As provided in the Plan and in this Agreement, this Award may terminate before the scheduled vest date(s) of the Stock Awards. For example, if Employee's Termination of Service occurs before the date this Award vests, this Award will 5 Feb 2020 A restricted stock unit is a method of employee compensation where company shares are received subject to a issues of tax-evasion, companies were (as of 2004) able to consider other types of stock awards that might be
A stock grant agreement is a form your company uses to grant you an equity award. Grant agreements can be in the form of 17 Jun 2019 at the DSO Level with Equity (Restricted Stock Units, Profits Interests, Employment Agreements and Award Agreements) - Part 5 of 6 Build the Award Agreement (often with milestone vesting) granting the equity incentives.
5. Your Restricted Stock Units shall be paid within 30 days after the date the Restricted Stock Unit award vests. In no event will payment be made more than two and one-half months following the end of the calendar year in which the Restricted Stock Unit award vests. No deferral of the payment date shall be permitted under this Agreement. 5. Conversion of Restricted Stock Units and Issuance of Shares. Upon each vesting of the Award (each, a “Vest Date”), one share of Common Stock shall be issuable for each restricted stock unit that vests on such Vest Date (the “Shares”), subject to the terms and provisions of the Plan and this Agreement. 5. Conversion of Restricted Stock Units and Issuance of Shares. Upon each vesting of the Award (each, a “Vest Date”), one share of Common Stock shall be issuable for each restricted stock unit that vests on such Vest Date (the “Shares”), subject to the terms and provisions of the Plan and this Agreement. How is a restricted stock award different from a restricted stock unit? Like a restricted stock award (RSA), a restricted stock unit (RSU) is a grant valued in terms of company stock. Unlike an RSA, no company stock is issued at the time of an RSU grant, and therefore no Special Tax 83(b) elections can be made at grant.
Instead, the grant of stock or its cash equivalent is deferred until the restricted stock units vest, which is based upon a set date or an occurrence described in a restricted stock unit plan or agreement. Once the vesting requirement is satisfied, A Restricted Stock Unit (RSU) refers to a grant of a value equal to an amount of a company's common stock. Phantom stock refers to a contractual agreement of a cash payment (typically offered to an employee, director, third-party vendor or Restricted stock refers to an award of stock to a person that is subject to conditions that must be met before the stockholder can exercise the right to transfer or Enforce non-compete agreement A restricted stock unit refers to a promise to an employee to grant them a specific number of shares in the employing company. A stock grant agreement is a form your company uses to grant you an equity award. Grant agreements can be in the form of 17 Jun 2019 at the DSO Level with Equity (Restricted Stock Units, Profits Interests, Employment Agreements and Award Agreements) - Part 5 of 6 Build the Award Agreement (often with milestone vesting) granting the equity incentives.