Form and Timing of Payment Contract Clauses (95)

Form and Timing of Payment. All payments of vested PSUs pursuant to this Agreement will be made in the form of Shares. Except as otherwise provided in this Agreement, payment will be made upon the earlier to occur of the following: -3- (a) February of the calendar year immediately following the last day of the Performance Period or as soon as practicable thereafter (but in no event later than March 15 of the calendar year immediately following the last day of the Performance Period); and (b) The Participant's death or as s...oon as practicable thereafter (but in no event later than March 15 of the calendar year following the year in which the Participant's death occurred). Fractional PSUs that constitute less than a single share may be rounded to the nearest full Share or converted to cash, at the Company's option. In the event the number of vested PSUs is mistakenly calculated and paid, the Company has the right to recover any overpayment of any Shares or to make an additional payment of Shares that were underpaid. View More

Form and Timing of Payment. Vested Restricted Units will be redeemed solely for Shares. Except as otherwise determined by the Committee, in its sole discretion, vested Additional Restricted Units will be redeemed solely for Shares. [Subject to a deferral election made pursuant to Section 12,] payment of vested Restricted Units and Additional 1 Restricted Units will be made as soon as practicable following the applicable vesting date but in no event later than two and one-half (2-1/2) months following the end of the calenda...r year in which the vesting date occurs. As determined by the Company in its sole discretion prior to the vesting date, any fractional Shares may be paid in cash or rounded up or down to the nearest whole Share. View More

Form and Timing of Payment. (a) Subject to Section 5 of this Agreement and provided that the Participant has satisfied the vesting requirements of Section 2 of this Agreement, on each Vesting Date, as applicable, the RSUs shall automatically be converted into unrestricted Shares. Such Shares will be issued to the Participant (as evidenced by the appropriate entry in the books of the Company or a duly authorized transfer agent of the Company) on the applicable Vesting Date (or as soon as practicable), but in any event, with...in the period ending on the later to occur of the date that is 2 1⁄2 months after the end of (i) the Participant's tax year that includes the applicable Vesting Date, or (ii) the Company's tax year that includes the applicable Vesting Date. (b) Shares issued in respect of RSUs shall be deemed to be issued in consideration of past services actually rendered by the Participant to the Company or a Related Entity or for its benefit for which the Participant has not previously been compensated or for future services to be rendered, as the case may be, which the Company deems to have a value at least equal to the aggregate par value of the Shares subject to the RSUs. View More

Form and Timing of Payment. Vested Restricted Stock Units will be redeemed solely for Shares. Except to the extent that a valid election to defer settlement and payment of vested Restricted Stock Units has been made as provided in Section 12 prior to the grant of this Award, payment of vested Restricted Stock Units will be made as soon as practicable following the applicable vesting date but in no event later than two and one-half (2-1/2) months following the end of the calendar year in which the vesting date occurs. Settl...ement and payment of any deferred restricted stock units shall be made in accordance with the governing election form. Delivery of Shares in settlement of this Agreement shall be effected by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a designated brokerage account, and shall be subject to compliance with all applicable legal requirements, including compliance with the requirements of applicable federal and state securities laws. As determined by the Company in its sole discretion prior to the vesting date, any fractional Shares may be paid in cash or rounded up to the nearest whole Share. View More

Form and Timing of Payment. Except as otherwise determined by the Committee in its sole discretion or as provided in Section 9(a) of this Agreement, vested Restricted Stock Units will be redeemed solely for Shares. Payment of vested Restricted Stock Units will be made as soon as practicable, but no later than two and one-half (2-1/2) months following the applicable Vesting Date, and the Participant may not designate the taxable year in which such payment occurs. As determined by the Company in its sole discretion prior to ...the final scheduled Vesting Date, any fractional Shares may be paid in cash or rounded up or down to the nearest whole Share. View More

Form and Timing of Payment. (a) As soon as administratively practicable following each Vesting Date, but no later than thirty (30) days thereafter, the Company shall register on the books of the Company and issue one or more certificates in Employee's name evidencing a number of Shares equal to the number of Units vested on such Vesting Date (or register such Shares in book entry form on the books of the Company or its transfer agent), subject to any tax withholding required under Section 5. Whenever the Company shall beco...me obligated to issue Shares in respect of a Unit subject to this Agreement, all rights of Employee with respect to such Unit, other than the right to such issuance, shall terminate and be of no further force or effect and such Unit shall be cancelled. (b) Notwithstanding Section 3(a), if Employee is deemed a "specified employee" within the meaning of Section 409A of the Code, as determined by the Committee, at a time when Employee becomes eligible for settlement of Units upon his or her "separation from service" within the meaning of Section 409A of the Code, then to the extent necessary to prevent any accelerated or additional tax under Section 409A of the Code, such settlement will be delayed until the earlier of: (a) the date that is six months following Employee's separation from service and (b) Employee's death. View More