Grouped Into 17 Collections of Similar Clauses From Business Contracts
This page contains Settlement of Awards clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Settlement of Awards. The Award, if earned in accordance with the terms of this Agreement, shall be payable in whole shares of Common Stock. The total number of Shares that may be acquired upon vesting of the Award (or portion thereof) shall be rounded down to the nearest whole share.
Settlement of Awards. The Award, if earned in accordance with the terms of this Agreement, Award shall be payable in whole shares of Common Stock. The total number of Shares that may be acquired upon vesting of the Award (or portion thereof) shall be rounded down to the nearest whole share.
Settlement of Awards. The Award, if earned in accordance with the terms of this Agreement, Award shall be payable in whole shares of Common Stock. The total number of Shares that may be acquired upon vesting of the Award (or portion thereof) shall be rounded down to the nearest whole share.
Settlement of Awards. In no event shall the Company deliver the Vested Award Units to you later than March 15 of the calendar year following the end of the Performance Period. Notwithstanding the foregoing, the Company may delay a distribution or payment in settlement of Vested Award Units if it reasonably determines that such payment or distribution will violate federal securities laws or any other Applicable Law, provided that such distribution or payment shall be made at the earliest date at which the Company reas...onably determines that the making of such distribution or payment will not cause such violation, as required by Treasury Regulation Section 1.409A-2(b)(7)(ii), and provided further that no payment or distribution shall be delayed under this Section 1 if such delay will result in a violation of Section 409A of the Code.View More
Settlement of Awards. In no event shall the Company deliver (i) the first installment of the Vested Award Units to you later than March 15 of the calendar year following the end of the Performance Period. Period, or (ii) the remaining installments of the Vested Award Units to you later than March 15 of the calendar year following the calendar year in which the respective portion of the Vested Award Units vest. Notwithstanding the foregoing, the Company may delay a distribution or payment in settlement of Vested Award... Units if it reasonably determines that such payment or distribution will violate federal securities laws or any other Applicable Law, provided that such distribution or payment shall be made at the earliest date at which the Company reasonably determines that the making of such distribution or payment will not cause such violation, as required by Treasury Regulation Section 1.409A-2(b)(7)(ii), and provided further that no payment or distribution shall be delayed under this Section 1 if such delay will result in a violation of Section 409A of the Code. View More
Settlement of Awards. Subject to Section 5, as soon as practicable (but not later than 30 days) after the vesting of the Award, in whole or part, the Company shall issue or transfer to Grantee (or such other person as is acceptable to the Company and designated in the writing by Grantee) the number of Shares underlying the vested portion of the Award. The Company may effect such issuance or transfer either by the delivery of one or more stock certificates to Grantee or by making an appropriate entry on the books of t...he Company or the transfer agent of the Company. Except as otherwise provided in the Section 5.1, the Company shall pay all original issue or transfer taxes and all fees and expenses incident to such delivery or issuance. Prior to the issuance or transfer to Grantee of the Shares, Grantee shall have no direct or secured claim in any specific assets of the Company or in such Shares.View More
Settlement of Awards. Subject to Section 5, Article 6, as soon as practicable (but not later than 30 days) after the vesting of the Award, in whole or part, the Company shall issue or transfer to Grantee the Holder (or such other person as is acceptable to the Company and designated in the writing by Grantee) the Holder) the number of Shares shares of Stock underlying the vested portion of the Award. The Company may effect such issuance or transfer either by the delivery of one or more stock certificates to Grantee t...he Holder or by making an appropriate entry on the books of the Company or the transfer agent of the Company. Except as otherwise provided in the Section 5.1, 6.1, the Company shall pay all original issue or transfer taxes and all fees and expenses incident to such delivery or issuance. Prior to the issuance or transfer to Grantee the Holder of the Shares, Grantee shares of Stock subject to the Award, the Holder shall have no direct or secured claim in any specific assets of the Company or in such Shares. shares of Stock, and will have the status of a general unsecured creditor of the Company. View More
Settlement of Awards. Subject to Section 6, as soon as practicable (but not later than 30 days) after the vesting of the Phantom Award, the Company shall pay to the Holder a cash payment equal to the number of shares of Common Stock that vested upon the applicable Vesting Date or vesting event multiplied by the Fair Market Value of a share of Common Stock on the applicable 4 Vesting Date or event, calculated in accordance with the terms of the Phantom Award Notice; provided, however, the Committee may elect, in its s...ole and absolute discretion and to the extent permitted by applicable law (including the listing requirements of NASDAQ), to settle the Phantom Award, in whole or in part, in Common Stock and shall issue or transfer to the Holder (or such other person as is acceptable to the Company and designated in writing by the Holder) the number of shares of Common Stock underlying the vested Award, as calculated in accordance with the Phantom Award Notice. The Company may effect such issuance or transfer either by the delivery of one or more stock certificates to the Holder or by making an appropriate entry on the books of the Company or the transfer agent of the Company. Except as provided for in Section 8.1, the Company shall pay all original issue or transfer taxes and all fees and expenses incident to such delivery or issuance. Prior to the issuance or transfer to the Holder of the shares of Common Stock subject to the Phantom Award, the Holder shall have no direct or secured claim in any specific assets of the Company or in such shares of Common Stock, and will have the status of a general unsecured creditor of the Company.View More
Settlement of Awards. Subject to Section 6, as soon as practicable (but not later than 30 days) after the vesting of the Phantom Award, the Company shall pay to the Holder a cash payment equal to the number of shares of Common Stock that vested upon the applicable Vesting Date or vesting event multiplied by the Fair Market Value of a share of Common Stock on the applicable 4 Vesting Date or event, calculated in accordance with the terms of the Phantom Award Notice; provided, however, the Committee may elect, in its s...ole and absolute discretion and to the extent permitted by applicable law (including the listing requirements of NASDAQ), to settle the Phantom Award, in whole or in part, in Common Stock and shall issue or transfer to the Holder (or such other person as is acceptable to the Company and designated in writing by the Holder) the number of shares of Common Stock underlying the vested Award, as calculated in accordance with the Phantom Award Notice. The Company may effect such issuance or transfer either by the delivery of one or more stock certificates to the Holder or by making an appropriate entry on the books of the Company or the transfer agent of the Company. Except as provided for in Section 8.1, the Company shall pay all original issue or transfer taxes and all fees and expenses incident to such delivery or issuance. Prior to the issuance or transfer to the Holder of the shares of Common Stock subject to the Phantom Award, the Holder shall have no direct or secured claim in any specific assets of the Company or in such shares of Common Stock, and will have the status of a general unsecured creditor of the Company. 4 5. Transfer Restrictions and Investment Representation. 5.1. Nontransferability of Award. The Phantom Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the Phantom Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Phantom Award, the Phantom Award and all rights hereunder shall immediately become null and void. 5.2. Investment Representation. The Holder hereby represents and covenants that (a) any shares of Common Stock acquired upon the vesting of the Phantom Award will be acquired for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), unless such acquisition has been registered under the Securities Act and any applicable state securities laws; (b) any subsequent sale of any such shares shall be made either pursuant to an effective registration statement under the Securities Act and any applicable state securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the Company, the Holder shall submit a written statement, in form satisfactory to the Company, to the effect that such representation (x) is true and correct as of the date of vesting of the Phantom Award with respect to any shares of Common Stock hereunder or (y) is true and correct as of the date of any sale of any such share, as applicable. As a further condition precedent to the issuance or delivery to the Holder of any shares of Common Stock subject to the Phantom Award, the Holder shall comply with all regulations and requirements of any regulatory authority having control of or supervision over the issuance or delivery of the shares and, in connection therewith, shall execute any documents which the Board or the Committee shall in its sole discretion deem necessary or advisable. View More
Settlement of Awards. The Company shall deliver to the Participant a number of shares of Common Stock equal to the number of vested Award Shares on the Vesting Date (or the date provided pursuant to Exhibit A, if applicable) or as soon as administratively practicable thereafter. The number of shares of Common Stock delivered to the Participant shall be reduced by a number of shares of Common Stock having a Fair Market Value on the date of delivery equal to the tax withholding obligation (including any applicable empl...oyment taxes due in connection with the vesting of the Award on or prior to the settlement date), unless the Plan administrator is notified in advance of the Award settlement (or the Award vesting, if applicable) and the Participant elects another method for tax withholding.View More
Settlement of Awards. The Company shall deliver to the Participant a number of shares of Common Stock equal to the number of vested Award Shares on the Vesting Date (or the date provided pursuant to Exhibit A, if applicable) or as soon as administratively practicable thereafter. The number of shares of Common Stock delivered to the 1 Participant shall be reduced by a number of shares of Common Stock having a Fair Market Value on the date of delivery equal to the tax withholding obligation (including any applicable em...ployment taxes due in connection with the vesting of the Award on or prior to the settlement date), obligation, unless the Plan administrator is notified in advance of the Award settlement (or the Award vesting, if applicable) and the Participant elects another method for tax withholding. View More
Settlement of Awards. If the Grantee becomes vested in the Award in accordance with Section 6, the Company shall distribute to the Grantee, or his personal representative, beneficiary or estate, as applicable, (a) a number of shares of Common Stock equal to the number of vested PSUs subject to the Award, as adjusted in accordance with Section 7, if applicable, and (b) a cash payment equal to the dividend equivalents that are payable pursuant to Section 4. Such shares and payment shall be delivered (i) in the case of ...an Award that vests in accordance with Section 6(a), as soon as practicable after the Committee determines the level of achievement of the performance goal, but no later than March 15 following the end of the Performance Period; and (ii) in the case of an Award that vests earlier in accordance with Section 6(b) or 6(d), within 30 days following the date of vesting.View More
Settlement of Awards. If the Grantee becomes vested in the his Award in accordance with Section 6, the Company shall distribute to the Grantee, him, or his personal representative, beneficiary or estate, as applicable, (a) a number of shares of Common Stock equal to the number of vested PSUs subject to the Award, as adjusted in accordance with Section 7, if applicable, applicable and (b) a cash payment equal to the dividend equivalents that are payable pursuant to Section 4. Such shares and payment shall be delivered... (i) in the case of an Award that vests in accordance with Section 6(a), as soon as practicable after the Committee determines the level of achievement of the performance goal, but no later than March 15 following the end of the Performance Period; and (ii) in the case of an Award that vests earlier in accordance with Section 6(b) or 6(d), 6(d)(i), within 30 days following the date of vesting. vesting; and (iii) in the case of an Award that vests in accordance with Section 6(d)(ii), within 30 days following the earlier of the end of the Performance Period or the date of the Grantee's termination of employment. (a) Withholding Taxes. The Grantee shall pay to the Company an amount sufficient to satisfy all minimum Federal, state and local withholding tax requirements prior to the delivery of any shares of Common Stock upon settlement of any vested PSUs covered by the Award. Payment of such taxes may be made by one or more of the following methods: (a) in cash, (b) in cash received from a broker-dealer to whom the Grantee has submitted a notice and irrevocable instructions to deliver to the Company proceeds from the sale the Grantee participates. 2 10. Share Delivery. Delivery of shares of Common Stock upon settlement of the Award will be by book-entry credit to an account in the Grantee's name established by the Company with the Company's transfer agent; provided that the Company shall, upon written request from the Grantee (or his estate or personal representative, as the case may be), issue certificates in the name of the Grantee (or his estate or personal representative) representing such Award shares. View More
Settlement of Awards. Except as otherwise provided in a valid Deferral Election, and subject to the release requirements set forth in Section 4(b) and Participant's timely execution of any required documents as described in Section 7, as soon as administratively practicable following the date that an RSU vests, but in any event within seventy (70) days thereafter, the Company will issue to the Participant one Share for each vested RSU (on a one-to-one basis). In all cases absent a Deferral Election, the issuance and ...delivery of Shares under this Agreement is intended to qualify as a short-term deferral as provided by Treasury Regulation Section 1.409A-1(b)(4) and shall be construed and administered in such a manner.View More
Settlement of Awards. Except as otherwise provided in a valid Deferral Election, and subject Subject to the release requirements set forth in Section 4(b) and Participant's timely execution of any required documents as described in Section 7, 8, as soon as administratively practicable following the date that an RSU vests, but in any event within seventy (70) days thereafter, the Company will issue to the Participant one Share for each vested RSU (on a one-to-one basis). In all cases absent a Deferral Election, cases,... the issuance and delivery of Shares under this Agreement is intended to qualify as a short-term deferral as provided by Treasury Regulation Section 1.409A-1(b)(4) and shall be construed and administered in such a manner. View More
