Settlement of RSUs Contract Clauses (143)

Grouped Into 11 Collections of Similar Clauses From Business Contracts

This page contains Settlement of RSUs clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Settlement of RSUs. (a) Generally. Except as provided in Section 5(b), vested RSUs shall be settled as follows: (i) with respect to Time-Based RSUs, on the fifth (5th) business day following the applicable Time Vesting Date and 3 (ii) with respect to Performance-Vested RSUs, on the fifth (5th) business day following the date of the Committee's certification of the achievement of the applicable Annual Performance Target. (b) Settlement on Termination of Employment. All RSUs that become vested pursuant to Section 4(b...) shall be settled on the fifth (5th) business day following the date of the Participant's termination of employment. (c) Settlement in Shares. Settlement of all RSUs will be made by delivery of one Share for each RSU in respect of which settlement is being made. Notwithstanding the foregoing, the Company shall not be obligated to deliver any Shares if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation, or agreement of the Company with, any securities exchange or association upon which the Shares are listed or quoted. View More Arrow
Found in MEDIA GENERAL INC contract
Settlement of RSUs. (a) Generally. Except as provided in Section 5(b), vested RSUs shall be settled as follows: (i) with respect to Time-Based RSUs, on the fifth (5th) business day following the applicable Time Vesting Date and 3 (ii) with respect to Performance-Vested RSUs, on the fifth (5th) business day following the date of the Committee's certification of the achievement of the applicable Annual Performance Target. Date. (b) Settlement on Termination of Employment. All RSUs that become vested pursuant to Secti...on 4(b) shall be settled on the fifth (5th) business day following the date of the Participant's termination of employment. (c) Settlement in Shares. Settlement of all RSUs will be made by delivery of one Share for each RSU in respect of which settlement is being made. Notwithstanding the foregoing, the Company shall not be obligated to deliver any Shares if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation, or agreement of the Company with, any securities exchange or association upon which the Shares are listed or quoted. 2 6. Nontransferability of RSUs. Unless otherwise determined by the Committee in accordance with the terms and conditions of 8.02 of the Plan, the RSUs may not be pledged, alienated, assigned or otherwise transferred other than by last will and testament or by the laws of descent and distribution or pursuant to a domestic relations order, as the case may be. View More Arrow
Found in MEDIA GENERAL INC contract
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