Example ContractsClausesterm of restricted stock unitsVariants
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You will be granted restricted stock units in January of 2021 with value equal to . The actual number of units granted will be equal to divided by the final closing stock price of Company common stock on the date of grant rounded up to the nearest whole number (the “RSUs”). One-half of the units will vest on the first anniversary of the grant date, and the remaining one-half will vest on the second anniversary of the grant date, subject to your continued employment with the Company as of each such date, provided that in the event your employment terminates with the Company under circumstances such that you qualify for severance pursuant to the terms of [[Sections 2 or 3]3]]3] of the Severance Agreement by and between you and the Company and dated as of (the “Severance Agreement”), or in the event your employment terminates as a result of your death or disability pursuant to the Company’s long term disability policy then in effect, the RSUs shall vest and be settled as the result of such termination, death or disability (subject to your complying with the Severance Agreement and in any event subject to the Company’s clawback policy as may be in effect from time to time and applicable to you). This grant of RSUs will be subject to your execution/acceptance of the applicable grant agreement and the terms of the Amended and Restated Polaris Inc. 2007 Omnibus Incentive Plan, as amended (the “Omnibus Plan”).

You

In connection with the commencement of your employment, will be grantedrecommend to the Board of Directors that they grant you restricted stock units in January(“RSUs”). The RSUs will have a grant date fair value of 2021 with value equal toapproximately (the "Grant Value"). The actual number of unitsRSU’s granted will typically be equal to divideddetermined by using the 10 day average closing price preceding the board approval of the grant. The RSUs will be governed by the final closing stock priceterms of Company common stock on the's 2021 Omnibus Incentive Plan and your RSU Agreement with and shall vest over a four year period as follows: 25% after one year and then quarterly thereafter. The vesting commencement date of grant rounded up to the nearest whole number (the “RSUs”). One-half of the units will vestbegin on the first anniversary of the grant date, and the remaining one-half will vest on the second anniversary of the grant date, subject to your continued employment with the Company as of each such date, provided that in the event your employment terminates with the Company under circumstances such that you qualify for severance pursuant to the terms of [[Sections 2 or 3]3]]3] of the Severance Agreement by and between you and the Company and dated as of (the “Severance Agreement”), or in the event your employment terminates as a result of your death or disability pursuant to the Company’s long term disability policy then in effect, the RSUs shall vest and be settled as the result of such termination, death or disability (subject to your complying with the Severance Agreement and in any event subject to the Company’s clawback policy as may be in effect from time to time and applicable to you). This grant of RSUs will be subject to your execution/acceptance of the applicable grant agreement and the terms of the Amended and Restated Polaris Inc. 2007 Omnibus Incentive Plan, as amended (the “Omnibus Plan”).quarterly vesting date (March 1st, June 1st, September 1st, December 1st) following board approval.

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