In late 2020, the board of directors of Arches Corp. approved a restricted stock unit plan to

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In late 2020, the board of directors of Arches Corp. approved a restricted stock unit plan to be awarded to select employees, including the following general terms.

- Each restricted stock unit is equivalent to one share of \(\$ 5\) par value, common stock of Arches Corp.

- The restricted stock units vest two years after the date of grant.

- Shares are distributed after the vesting period if the employee is still employed by the company.

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Intermediate Accounting Volume 2

ISBN: 9781618533135

2nd Edition

Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo

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