Company’s Obligation to Pay Clause Example with 18 Variations from Business Contracts

This page contains Company’s Obligation to Pay clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Unit...s that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end of the Company's tax year that includes the vesting date. View More
Found in YODLEE INC contract

Variations of a "Company’s Obligation to Pay" Clause from Business Contracts

Company’s Obligation to Pay. Each Restricted Stock Unit represents has a value equal to the right to receive Fair Market Value of a Share on the date it vests. that the Restricted Stock Unit is granted. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant paragraphs 3 through 5, the Employee will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an... unsecured obligation obligation. Payment of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid made in whole Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end of the Company's tax year that includes the vesting date. only. View More
Found in GLOBAL DIGITAL SOLUTIONS INC contract
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant Sections 3 through 5, the Employee will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation obligation. Payment of the Company, payable (if at all) only from... the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will shall be paid made in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end whole shares of the Company's tax year that includes the vesting date. common stock ("Shares") only. View More
Found in 2 Contracts from NORTHWEST PIPE CO
Company’s Obligation to Pay. Each Restricted Stock Unit represents the a right to receive a one Share on for each vested Restricted Stock Unit pursuant to the date it vests. terms and conditions of this Agreement. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant the Agreement, Employee will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecur...ed obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event Payment of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid made in whole Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end of the Company's tax year that includes the vesting date. only. View More
Found in 2 Contracts from TIBCO SOFTWARE INC
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Sections 3 or 4 of this Award Agreement, Participant will have no right to payment of any such Restricted Stock Units. Prior to the actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at all) only from the gener...al assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 of this Award Agreement will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations Tax-Related Items as set forth in Section 7 of this Award Agreement. Subject to the provisions of Section 4, 4 of this Award Agreement, such vested Restricted Stock Units will shall be paid in whole Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end of the Company's tax year that includes sixty (60) days following the vesting date. In no event will Participant be permitted, directly or indirectly, to specify the taxable year of the payment of any Restricted Stock Units payable under this Award Agreement. View More
Found in 2 Contracts from 2 Companies
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive one share of Common Stock (each, a Share "Share" and, collectively, the "Shares") on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (i...f at all) only from the general assets of the Company. Company, and this award of Restricted Stock Units shall not be construed as creating a trust. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding or other obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the earlier of (i) the date that is two and one-half (2 1⁄2) (21⁄2) months from the end of the Company's tax year that includes the vesting date. date and (ii) December 31st of the third year following the year of the Date of Grant. Any fractional Shares that would otherwise vest on a particular vesting date will vest on the final date of vesting of this award of Restricted Stock Units. In the event there is a fractional share on the final date of vesting of this award of Restricted Stock Units, the number of Restricted Stock Units that vest on such final vesting date will be rounded up to the nearest whole number. View More
Found in PROCERA NETWORKS, INC. contract
Company’s Obligation to Pay. Each Subject to deferral under Section 5, each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant Awardee will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the genera...l assets of the Company. Any Restricted Stock Units that vest in accordance with Sections Section 3 or 4 will be paid to Participant Awardee (or in the event of Participant's Awardee's death, to his or her estate) in whole Shares, subject to Participant Awardee satisfying any applicable tax withholding obligations as set forth in Section 7. obligations. Subject to the provisions of Section 4, 4 and Section 5, such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) (2-1/2) months from the end of the Company's tax year that includes the vesting date. Notwithstanding the foregoing, the Committee may, in its sole and absolute discretion, settle all or a portion of the vested Restricted Stock Units in cash based on the Fair Market Value of a Share on the vesting date. View More
Found in Assertio Therapeutics, Inc contract
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant 4, Holder will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted ...Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end of the Company's tax year that includes the vesting date. View More
Found in GOOD TECHNOLOGY Corp contract
Company’s Obligation to Pay. Each For each Restricted Stock Unit represents the right to that vests, Participant will receive a Share on the date it vests. one Share. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, paragraphs 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at a...ll) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections paragraphs 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions for Tax Obligations. Payment of Section 4, such any vested Restricted Stock Units will shall be paid made in whole shares of Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end of the Company's tax year that includes the vesting date. only. View More
Found in 2 Contracts from Salesforce
Company’s Obligation to Pay. Each For each Restricted Stock Unit represents the right to that vests, Participant will receive a Share on the date it vests. one Share. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, paragraphs 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at a...ll) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections paragraphs 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions for Tax Obligations. Payment of Section 4, such any vested Restricted Stock Units will shall be paid made in whole Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) months from the end of the Company's tax year that includes the vesting date. only. View More
Found in Salesforce contract
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive one share of Common Stock (each, a Share "Share" and, collectively, the "Shares") on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (i...f at all) only from the general assets of the Company. Company, and this award of Restricted Stock Units shall not be construed as creating a trust. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant's death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding or other obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1⁄2) (21⁄2) months from the end of the Company's tax year that includes the vesting date. Any fractional Shares that would otherwise vest on a particular vesting date will vest on the final date of vesting of this award of Restricted Stock Units. In the event there is a fractional share on the final date of vesting of this award of Restricted Stock Units, the number of Restricted Stock Units that vest on such final vesting date will be rounded up to the nearest whole number. View More
Found in 3 Contracts from PROCERA NETWORKS, INC.