On December 31, 2020, (5 mathrm{M}) Inc. approved a restricted stock unit plan to be awarded to
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On December 31, 2020, \(5 \mathrm{M}\) Inc. approved a restricted stock unit plan to be awarded to executives, including the following general terms:
- Each restricted stock unit is equivalent to one share of \(\$ 1\) par value, common stock of \(5 \mathrm{M}\) Inc.
- Restricted stock units vest three years after the date of grant, subject to forfeiture if employment is terminated prior to the end of the vesting period.
- Shares are distributed after the vesting period if the employee is still employed by the company.
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781618533135
2nd Edition
Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo
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