RSU Award. The Company makes this Award of [Number] RSUs to the Grantee on the date noted above (the "Grant Date"). These RSUs are subject to forfeiture and to limits on transferability until they vest, as provided in [[Sections 2, 3 and 4]4]4]]4] of this Agreement and in [Article VI] of the Plan.
RSU Award Severance. Employee’s Awards that accelerate vesting as RSU Award Severance are those time-based restricted stock unit Awards (“RSUs”) set forth in [Schedule A] attached hereto.
Eligibility for Matching RSU Grant – To be eligible to receive Matching RSU grants under the Program, a Participant must satisfy each of the following requirements:
As reflected by your RSU Award Grant Notice (“Grant Notice”) Spruce Biosciences, Inc. (the “Company”) has granted you a RSU Award under the Spruce Biosciences, Inc. 2020 Equity Incentive Plan (the “Plan”) for the number of restricted stock units as indicated in your Grant Notice (the “RSU Award”). The terms of your RSU Award as specified in this Award Agreement for your RSU Award (this “Agreement”) and the Grant Notice constitute your “RSU Award Agreement”. Defined terms not explicitly defined in this Agreement but defined in the Grant Notice or the Plan shall have the same definitions as in the Grant Notice or Plan, as applicable.
Annual LTIP RSU Award. For each fiscal year of the Company, except as otherwise determined by the Committee and set forth in the Applicable Award Agreement, the Annual LTIP RSU Award with respect to each Participant # shall vest as to one-fourth of the shares of Common Stock subject to such Annual LTIP RSU Award on each of the first four anniversaries of the Grant Date, subject to the Participant’s continued employment with the Company through the applicable vesting date (except as may be otherwise provided in the Award Agreement), and # shall have such other terms and conditions as shall be set forth in the applicable Award Agreement approved by the Committee.
Nature of RSU Award. You further acknowledge, understand and agree that:
Forfeiture of RSU Award. Any portion of the RSU Award that does not become vested and payable in shares of Common Stock in accordance with this [Section 1] shall be forfeited on the date of the Participant’s Termination of Service.
Award Grant. Executive will be eligible to participate in long-term incentive programs maintained by the Company from time to time in the sole discretion of the Company. Any such long-term incentive awards will be subject to the terms and conditions set forth in the applicable plan and award agreement
Grant of Award. Participant has been granted an Award of Restricted Stock Units under the Plan comprised of an aggregate of the number of Restricted Stock Units set forth below (collectively, the “Units”).
Grant of Award. There will be no regular federal or state income tax liability upon the grant of the Award.
Grant of Award. The Award consists of that number of PBRSUs that has been approved for the Award to you by the Committee as the target number of PBRSUs, as set forth in the Notice of Grant (“Target PBRSUs”). Each PBRSU is equivalent to one Share. Your rights to the PBRSUs are subject to this Agreement and the Plan (which is incorporated herein by reference with the same effect as if set forth herein in full) in addition to such other terms and conditions, if any, as may be imposed by law.
Grant of Award. Subject to adjustment based on the terms and conditions set forth in this Agreement, and as otherwise provided in the Plan, the Company hereby grants to the Grantee [X,XXX] Restricted Shares (the “Target Restricted Shares”) and an opportunity to earn additional Restricted Shares or Common Shares (the “Additional Opportunity,” and, together with the Target Restricted Shares, the “Award”), all subject to the terms and conditions of this Agreement, the Plan, and the separate schedule of Management Objectives provided to the Grantee and set forth in [Exhibit A], attached hereto (the “Statement of Management Objectives”).
Grant of Award. Pursuant to the 2014 Long-Term Incentive Plan (the Plan) for Employees, Contractors, and Outside Directors of , a Delaware corporation (the Company), the Company grants to
Restricted Stock Unit or RSU represents an unfunded, unsecured right to receive in the future, if the conditions of an RSU award are met, one share of Common Stock for each RSU awarded. No shares of Common Stock shall be issued to an Outside Director on the date of the RSU grant.
The Participant has been granted an Award (the “Award”) of RSUs pursuant to the MoneyLion Inc. Omnibus Incentive Plan (as may be amended from time to time, the “Plan”), the Notice of RSU Award (the “Notice”) and this RSU Agreement (this “Agreement”), dated as of (the “Grant Date”). Except as otherwise indicated, any capitalized terms used but not defined herein shall have the meaning ascribed to such term in the Plan or in the Notice.
Calculation of RSU Value. The “RSU Value” of a restricted stock unit award to be granted under this policy will equal the number of Shares subject to the restricted stock unit award multiplied by the average closing price of a Share on the stock exchange or a national market system on which the Shares are listed over the 30 trading days preceding the grant date.
has been granted a Restricted Stock Unit Award (the “RSU Award” or the “Award”), which is described in this Award Agreement (the “Agreement”) in accordance with [Section 3] of the (the “Company”) 2013 Long-Term Equity Incentive Plan (the “Plan”). The “Date of Grant” is .
Number of Shares Subject to RSU Awards. The number of shares subject to an Initial Award or Annual Award (either, an “RSU Award”) will be equal to # the applicable dollar amount determined pursuant to [[Section 5(a) or 5(b)])]])] above, divided by # the closing price of the Company’s common stock on the date of grant, rounded down to the nearest whole share; provided, however, that the number of shares subject to any RSU Award may be reduced to the extent necessary to ensure that the Company’s compensation of Nonemployee Directors does not exceed the limit set forth in [Section 3(e)] of the Plan.
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