Example ContractsClausesgrant of rsusIdentical
Grant of RSUs
Grant of RSUs contract clause examples

Grant of RSUs. The Company hereby grants to the Participant the Number of RSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

CIT GROUP INC (CIT, CIT-PB) (CIK 0001171825)
Source: SEC EDGAR database • Date: May 3, 2019 • SIC: 6021 • CIK: 6021

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.