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Grant to Participant
Grant to Participant contract clause examples

Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of ​ Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, each Restricted Stock Unit represents the right to receive one (1) share of Stock in respect thereof that shall be paid to the Participant in accordance with the following schedule: 25% of the Restricted Stock Units shall be paid on each of the first four (4) anniversaries of the Effective Date; provided, however, that payment of any unpaid portion of the Restricted Stock Units shall accelerate and become immediately payable within thirty (30) days following the occurrence of # a change of control (as defined in the Company’s Change of Control Policy for Executive Officers, as amended from time to time, provided such change of control meets the definition of a change in control event for purposes of [Section 409A] or # the termination of the Participant’s employment for any reason.

Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of ​ Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, each Restricted Stock Unit represents the right to receive one (1) share of Stock in respect thereof that shall be paid to the Participant 1">in accordance with the following schedule: 25% of the Restricted Stock Units shall be paid on each of the first four (4) anniversaries of the Effective Date; provided, however, that payment of any unpaid portion of the Restricted Stock Units shall accelerate and become immediately payable within thirty (30) days following the 3">occurrence3">earlier to occur of # a change of control (as defined in the Company’s Change of Control Policy for Executive Officers, as amended from time to time, provided such change of control meets the definition of a change in control event for purposes of [Section 409A] 5">or5">and # the 7">termination7">third anniversary of the 9">Participant’s employment for any reason.9">Effective Date.

Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of ​ Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, 1"># each Restricted Stock Unit represents the right to receive one (1) share of Stock 3">upon vesting of such Restricted Stock Units, # unless and until the Restricted Stock Units have vested in accordance with the terms of this Agreement, the Participant shall not have any right to delivery of the shares of Stock underlying such Restricted Stock Units or any other consideration in respect thereof 5">and # each Restricted Stock Unit that7"> vests shall be paid to the Participant 9">in accordance with the following schedule: 25% of the Restricted Stock Units shall be paid on each of the first four (4) anniversaries of the Effective Date; provided, however, that payment of any unpaid portion of the Restricted Stock Units shall accelerate and become immediately payable within thirty (30) days following the 11">occurrence of # a change of control (as defined11">date that the Restricted Stock Unit vests or the date(s) set forth in 13">the Company’s Change of Control Policy for Executive Officers,13">[Sections 3.1 and 3.2]2], as 15">amended from time to time, provided such change of control meets the definition of a change in control event for purposes of [Section 409A] or # the termination of the Participant’s employment for any reason.15">applicable.

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