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Restricted Stock Units
Restricted Stock Units contract clause examples

RESTRICTED STOCK UNITS. A Restricted Stock Unit (“RSU”) is an award to an eligible Employee, Consultant, or Director covering a number of Shares that may be settled in cash, or by issuance of those Shares (which may consist of Restricted Stock). All RSUs will be made pursuant to an Award Agreement.

Restricted Stock Units. Director hereby accepts the Restricted Stock Units when granted and agrees with respect thereto as follows:

RESTRICTED STOCK UNITS. A Restricted Stock Unit (“RSU”) is an award to an eligible Employee, Consultant, or Director covering a number of Shares that may be settled in cash, or by issuance of those Shares (which may consist of Restricted Stock). All RSUs shall be made pursuant to an Award Agreement.

Restricted Stock Units. The number of RSUs granted will be determined using the fair market value of the Company’s common stock (i.e., the closing price) on the date of grant. Each RSU grant will vest ratably on a monthly basis and will become fully vested upon the earlier of # the 12-month anniversary of the grant date, or # the date of the next year’s annual meeting (except for DSUs granted in lieu of cash compensation which shall be fully vested as of the date of grant).

Restricted Stock Units. The Committee is authorized to grant Restricted Stock Units to Grantees, subject to the following terms and conditions:

Restricted Stock Units. Not later than August 31, 2021, the Company will grant to the Executive five million five hundred thousand (5,500,000) restricted stock units each representing a contingent right to receive one (1) share of common stock of the Company (“RSUs”). The RSUs shall be granted subject to the terms of a standalone agreement between the Company and Executive (“Grant Agreement”) pursuant to the NASDAQ inducement grant exception under NASDAQ Rule 5635(c)(4) in the form attached hereto as [Exhibit B]. The Company shall take all required action to register the shares issued thereunder not later than 30 days from the date of grant.

Restricted Stock Units. Within ninety (90) days following the execution of this Agreement on a date to be determined by the Compensation Committee, the Company shall grant to Executive 50,000 restricted stock units (the “Restricted Stock Units”) for shares of the Company’s common stock. The Restricted Stock Units (including the distribution of any shares of the Company’s common stock issuable pursuant thereto) shall be granted under and shall be subject to the terms of the [[Qualstar:Organization]] 2017 Stock Option and Incentive Plan and a Restricted Stock Unit Agreement in a form acceptable to the Compensation Committee (the “RSU Agreement”), which RSU Agreement shall include the terms provided herein. For each of the fiscal years ended December 31, 2019 and December 31, 2020, Restricted Stock Units for 25,000 shares of the Company’s common stock shall vest and become issuable subject to the Company’s achievement of financial and performance objectives for the applicable fiscal year established by the Compensation Committee. Whether Executive’s Restricted Stock Units for the applicable fiscal year become vested and issuable shall be determined solely in the discretion of the Compensation Committee, or if such committee does not then exist at the time of determination, the Company’s Board (excluding Executive). Subject to Sections 9.7(b) and 9.7(d), any such Restricted Stock Units shall not be earned by or vest in Executive until the date such number, if any, is determined by the Compensation Committee.

Subject to approval by the Board or the Compensation Committee, by such date that is no later than the next regularly scheduled meeting thereof following your Start Date, you shall be granted $2.090M worth of time-based restricted stock units, with the number of restricted stock units to be determined by dividing $2.090M by the closing price of a share of Company common stock as reported on the Nasdaq Global Select Market (or any successor exchange upon which the Company’s common stock is traded) on your Start Date (the “Time-Based RSUs”). Each Time-Based RSU entitles you to one share of Company common stock if and when the Time-Based RSU vests. The RSUs will vest over approximately four years. In general, 25% of the RSUs will vest on the first anniversary of the vesting commencement date (as set forth in the applicable RSU award agreement), and the balance will vest in quarterly installments over the next three years, subject to your continued service with BridgeBio Pharma, Inc. or any of its subsidiaries through each applicable vesting date. The RSUs will be subject to the terms and conditions of BridgeBio Pharma, Inc.’s 2019 Stock Option and Incentive Plan (as amended from time to time, the “Plan”) and the RSU agreement thereunder, which you will be required to sign as a condition to receiving your RSUs.

RESTRICTED STOCK UNITS. A Restricted Stock Unit (“RSU”) is an award to an eligible Employee covering a number of Shares that may be settled in cash, or by issuance of those Shares (which may consist of restricted Shares). All RSUs shall be made pursuant to an Award Agreement.

Restricted Stock Units. Subject to the approval of the Board of Directors (or the Committee), Executive will be granted restricted stock units (“RSUs”) to acquire shares of the Company’s Common Stock under the Company’s 2018 Equity Incentive Plan. The terms of the RSU grant will be detailed under separate cover. Subject to Board (or Committee approval), the number of RSUs granted to Executive will be equal to $4,200,000, divided by the average closing price of the Company’s Common Stock during the calendar month preceding the grant date of the RSUs. The RSUs will vest 20% on each of the first, second and third anniversaries of the vesting commencement date and 40% on the fourth anniversary of the vesting commencement date (which vesting commencement date will be the fifth day of the month in which the grant is approved), subject to Executive’s continued employment or service on each vest date. Following a vest date, Executive will receive one share of Common Stock for each vested RSU.

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