Each restricted stock unit represents a contingent right to receive one share of common stock.
The restricted stock unit vest 1/4 on each the first, second, third and fourth anniversary subject to the continuous employment by the Company or one of its affiliates until the date of vesting. Vested shares will be delivered to the reporting person on the vesting date. The restricted stock units are subject to forfeiture in accordance with the Company's executive compensation policy.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Shenandoah Telecommunications Co next reports earnings on July 28, 2014.
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