Payments Clause Example with 4 Variations from Business Contracts
This page contains Payments 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.
Payments. The Company shall deliver to the Participant within 30 days following the vesting date of the Restricted Stock Units a number of Shares equal to the aggregate number of Restricted Stock Units that vest as of such date. No fractional Shares shall be delivered; the Company shall pay cash in respect of any fractional Shares. The Company may deliver such shares either through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates represent...ing the number of Shares to be issued in respect of the Restricted Stock Units, registered in the name of the Participant. (b) Withholding Requirements. The Company will have the power and the right to deduct or withhold automatically from any Shares deliverable under this Agreement, or to require the Participant or the Participant's representative to remit to the Company, the minimum statutory amount necessary to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Agreement.View More
Variations of a "Payments" Clause from Business Contracts
Payments. The Company shall deliver to the Participant within 30 days a. Settlement. Promptly following the vesting date of the Restricted Stock Units (but no later than 60 days following each such vesting date), the Company shall deliver to the Participant (or the Participant's legal representatives of the estate of the Participant) a number of Shares shares of Common Stock equal to the aggregate number of Restricted Stock Units that vest vested as of such date. No fractional Shares shares of Common Stoc...k shall be delivered; the Company shall pay cash in respect of any fractional Shares. shares of Common Stock. The Company may deliver such shares either through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates representing the number of Shares shares of Common Stock to be issued in respect of the Restricted Stock Units, registered in the name of the Participant. (b) If the 60-day period following the vesting date of the Restricted Stock Units extends across two calendar years, settlement shall always occur in the second calendar year. b. Withholding Requirements. The Company will shall have the power and the right to deduct or withhold automatically from any Shares shares of Common Stock or cash deliverable under this Agreement, or to require the Participant or the Participant's representative to remit to the Company, the minimum statutory amount necessary to satisfy federal, state and local taxes, domestic or foreign, taxes required by law or regulation to be withheld with respect to any taxable event arising as a result of this Agreement. Agreement (collectively, "Withheld Taxes"). If the Restricted Stock Units are settled in shares of Common Stock, all or a portion of the applicable Withheld Taxes may, except as otherwise determined by the Committee at such time, be paid by reducing the number of shares of Common Stock otherwise deliverable upon such settlement by the number of shares of Common Stock having an aggregate Fair Market Value equal to the applicable Withheld Taxes (or a portion thereof). 3 5. Adjustment of Shares of Common Stock. In the event of any change with respect to the outstanding shares of Common Stock contemplated by Section 4.4 of the Plan, the number of Restricted Stock Units and the performance vesting conditions set forth in Section 2.b may be adjusted in accordance with Section 4.4 of the Plan. View More
Payments. The Company shall deliver to the Participant within 30 days a. Settlement. Promptly following the vesting date of the Restricted Stock Units (but no later than 60 days following each such vesting date), the Company shall deliver to the Participant (or the Participant's legal representatives of the estate of the Participant) a number of Shares shares of Common Stock equal to the aggregate number of Restricted Stock Units that vest vested as of such date. No fractional Shares shares of Common Stoc...k shall be delivered; the Company shall pay cash in respect of any fractional Shares. shares of Common Stock. The Company may deliver such shares either through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates representing the number of Shares shares of Common Stock to be issued in respect of the Restricted Stock Units, registered in the name of the Participant. (b) If the 60-day period following the vesting date of the Restricted Stock Units extends across two calendar years, settlement shall always occur in the second calendar year. b. Withholding Requirements. The Company will shall have the power and the right to deduct or withhold automatically from any Shares shares of Common Stock or cash deliverable under this Agreement, or to require the Participant or the Participant's representative to remit to the Company, the minimum statutory amount necessary to satisfy federal, state and local taxes, domestic or foreign, taxes required by law or regulation to be withheld with respect to any taxable event arising as a result of this Agreement. Agreement (collectively, "Withheld Taxes"). If the Restricted Stock Units are settled in shares of Common Stock, all or a portion of the applicable Withheld Taxes may, except as otherwise determined by the Committee at such time, be paid by reducing the number of shares of Common Stock otherwise deliverable upon such settlement by the number of shares of Common Stock having an aggregate Fair Market Value equal to the applicable Withheld Taxes (or a portion thereof). View More
Payments. The Company shall deliver to the Participant within 30 thirty (30) days following the vesting date of the Restricted Stock Units Committee's certification pursuant to Section 1, a number of Shares equal to the aggregate number of Restricted Performance Stock Units that vest as of such date. have vested pursuant to Exhibit A. No fractional Shares shall be delivered; the Company shall pay cash in respect of any fractional Shares. delivered. The Company may 2 deliver such shares either through book... entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates representing the number of Shares to be issued in respect of the Restricted Performance Stock Units, registered in the name of the Participant. (b) Withholding Requirements. The Company will shall have the power and the right to deduct or withhold automatically from any Shares deliverable under this Agreement, or to require the Participant or the Participant's representative to remit to the Company, the minimum statutory amount necessary to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Agreement. Agreement, or in the sole discretion of the Committee, such greater amount necessary to satisfy the Participant's expected tax liability, provided that, the withholding of such greater amount does not result in adverse tax or accounting consequences to the Company. View More
Payments. The Company shall deliver to the Participant within 30 days following the vesting date of the Restricted Stock Units a number of Shares equal to the aggregate number of Restricted Stock Units that vest as of on such date. No fractional Shares shall be delivered; the Company shall pay cash in respect of any fractional Shares. The Company may deliver such shares Shares either through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates... representing the number of Shares to be issued in respect of the Restricted Stock Units, registered in the name of the Participant. (b) Withholding Requirements. The [The Company will have the power and the right to deduct or withhold automatically from any Shares deliverable under this Agreement, Agreement or from any other compensation payable to the Participant, or to require the Participant or the Participant's representative to remit to the Company, up to the minimum maximum statutory amount necessary to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Agreement. Nothing in this Agreement may be construed as relieving the Participant of his or her obligation to satisfy all taxes required to be withheld in connection with the award, vesting or settlement of the Restricted Stock Units. ]1 [The Participant is responsible for satisfying and paying all taxes arising from or due in connection with the award, vesting or settlement of the Restricted Stock Units. The Company will have no liability or obligation related to the foregoing. ]2 4. Adjustment of Shares. In the event of any change with respect to the outstanding shares of Common Stock contemplated by Section 4.5 of the Plan, the Restricted Stock Units may be adjusted by the Committee in accordance with Section 4.5 of the Plan. View More
