Settlement of Awards Clause Example with 4 Variations from Business Contracts

This page contains Settlement of Awards 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.
Settlement of Awards. If a Grantee becomes vested in the Award in accordance with Section 5, the Company shall pay to the Grantee, or the Grantee's personal representative, beneficiary or estate, as applicable, either a number of shares of Common Stock equal to the number of vested RSUs and dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs, as adjusted in accordance with Section 6, if applicable, or cash equal to the Fair Market Value of such shares of Common Stock and dividend... equivalents credited to the Grantee's RSU Account in respect of such vested RSUs on the date of vesting, or a combination thereof. Such shares and/or cash shall be delivered/paid in a single sum within thirty (30) days following the date of vesting as defined in Section 5. View More
Found in Newell Brands contract

Variations of a "Settlement of Awards" Clause from Business Contracts

Settlement of Awards. If a Grantee becomes vested in the Award in accordance with Section 5, the Company shall pay to the Grantee, or the Grantee's personal representative, beneficiary or estate, as applicable, either a number of shares of Common Stock equal to the number of vested RSUs and dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs, as adjusted in accordance with Section 6, if applicable, or cash equal to the Fair Market Value of such shares of Common Stock and dividend... equivalents credited to the Grantee's RSU Account in respect of such vested RSUs on the date of vesting, or a combination thereof. Such Subject to the Committee's prior determination that the performance criteria set forth in the Statement of RSU Performance Criteria have been satisfied, the shares and/or cash of Common Stock underlying the vested RSUs and the related dividend equivalents shall be delivered/paid in a single sum delivered to the Grantee, or his personal representative, beneficiary or estate, as applicable, within thirty (30) days following the date of applicable vesting as defined date, and, notwithstanding the foregoing, within the short-term deferral period specified in Section 5. Treasury Regulation ยง 1.409A-1(b)(4). View More
Found in Newell Brands contract
Settlement of Awards. If a Grantee becomes vested in the Award in accordance with Section 5, the Company shall pay to the Grantee, or the Grantee's personal representative, beneficiary or estate, as applicable, either a number of shares of Common Stock equal to the number of vested RSUs and dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs, Account, as adjusted in accordance with Section 6, if applicable, or cash equal to the Fair Market Value of such shares of Common Stock and... dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs on the date of vesting, applicable Vesting Date, or a combination thereof. Such shares and/or cash shall be delivered/paid in a single sum within thirty (30) days following the date of vesting as defined in Section 5. applicable Vesting Date. View More
Found in Newell Brands contract
Settlement of Awards. If a Grantee becomes vested in the Award in accordance with Section 5, the Company shall pay to the Grantee, or the Grantee's personal representative, beneficiary or estate, as applicable, either a number of shares of Common Stock equal to the number of vested RSUs and dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs, Account, as adjusted in accordance with Section 6, if applicable, or cash equal to the Fair Market Value of such shares of Common Stock and... dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs on the date of vesting, or a combination thereof. Such shares and/or cash shall be delivered/paid in a single sum within thirty (30) days following the date of vesting as defined in Section 5. View More
Found in Newell Brands contract
Settlement of Awards. If a Grantee becomes vested in the Award in accordance with Section 5, the Company shall pay to the Grantee, or the Grantee's personal representative, beneficiary or estate, as applicable, either a number of shares of Common Stock equal to the number of vested RSUs and dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs, Account, as adjusted in accordance with Section 6, if applicable, or cash equal to the Fair Market Value of such shares of Common Stock and... dividend equivalents credited to the Grantee's RSU Account in respect of such vested RSUs on the date of vesting, or a combination thereof. Such shares and/or cash shall be delivered/paid in a single sum within thirty (30) days following the date of vesting as defined in Section 5. vesting. View More
Found in Newell Brands contract