The Company hereby grants to Participant, as of the Grant Date, a restricted stock unit to acquire up to the number of Shares specified in the Grant Summary under the terms of the Employee Component of the Plan. The restricted stock unit shall vest from time to time during the restricted stock unit term specified in Paragraph 2. Participant agrees to be bound by the terms of this Agreement by accepting the grant on the Computershare Access site. The restricted stock unit shall be deemed to have been accepted and Participant will be deemed to be bound by the terms of this Agreement if the grant is not accepted by the Participant within 90 days and has not otherwise been rejected by Participant.
Grant of Restricted Stock Units. The Company hereby grants to the Participant named in the Notice of Grant of Restricted Stock Units in Part I of this Agreement an Award of Restricted Stock Units under the Plan, subject to all of the terms and conditions in this Agreement and the Plan, which is incorporated herein by reference. Notwithstanding any contrary provision of this Agreement, in the event of a conflict between the terms and conditions of the Plan and of this Agreement, the terms and conditions of the Plan will control.
Grant of Restricted Stock Units. hereby grants to the Participant the number Restricted Stock Units specified in the grant summary for no cash consideration. The Restricted Stock Units shall be subject to the terms and conditions in this Agreement and the Plan. The Participant acknowledges receipt of a copy of the Plan and the Plan Prospectus. Capitalized terms not defined in this Agreement shall have the meaning ascribed to such terms in the Plan. The grant date shall be as specified on the Participant’s individual grant summary (“Grant Date”) and subject to the following terms and conditions:
Grant. Subject to the provisions of this Agreement and the provisions of the Plan, the Company hereby grants to the Participant an award (the “Award”) of the number of Restricted Stock Units set forth in paragraph 2. Each Restricted Stock Unit shall represent the right to receive upon settlement an amount of cash equal to the Fair Market Value of one share of Common Stock.
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