Grouped Into 3 Collections of Similar Clauses From Business Contracts
This page contains Settlement of the Award clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Settlement of the Award. 6.1Issuance of Shares of Stock. Subject to the provisions of Section 6.3 below, the Company shall issue to the Participant on the Settlement Date with respect to each Vested Unit to be settled on such date one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 6.3, Section 7 or the Company's Trading Compliance Policy. 6.2Beneficial Ownership of Shares; Certifi...cate Registration. The Participant hereby authorizes the Company, in its sole discretion, to deposit any or all shares acquired by the Participant pursuant to the settlement of the Award with the Company's transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such shares for the benefit of the Participant with any broker with which the Participant has an account relationship of which the Company has notice. Except as provided by the foregoing, a certificate for the shares acquired by the Participant shall be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant. 6.3Restrictions on Grant of the Award and Issuance of Shares. The grant of the Award and issuance of shares of Stock upon settlement of the Award shall be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to such securities. No shares of Stock may be issued hereunder if the issuance of such shares would constitute a violation of any applicable federal, state, or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock may then be listed. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company's legal counsel to be necessary to the lawful issuance of any shares subject to the Award shall relieve the Company of any liability in respect of the failure to issue such shares as to which such requisite authority shall not have been obtained. As a condition to the settlement of the Award, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 6.4Fractional Shares. The Company shall not be required to issue fractional shares upon the settlement of the Award.View More
Settlement of the Award. 6.1Issuance 6.1 Issuance of Shares of Stock. Shares. Subject to the provisions of Section 6.3 below, 6.3, the Company shall issue to the Participant on the Settlement Date with respect to each Vested Unit to be settled on such date one (1) Share. The Settlement Date with respect to a Unit shall be the date on which such Unit becomes a Vested Unit as provided by the Grant Notice (an "Original Settlement Date"); provided, however, that if the tax withholding obligations of a Participating Company,... if any, will not be satisfied by the share withholding method described in Section 7.3 and the Original Settlement Date would occur on a date on which a sale by the Participant of Stock. the shares to be issued in settlement of the Vested Units would violate the Trading Compliance Policy of the Company, then the Settlement Date for such Vested Units shall be deferred until the next day on which the sale of such shares would not violate the Trading Compliance Policy, but in any event on or before the 15th day of the third calendar month following calendar year of the Original Settlement Date. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 6.3, Section 7 or the Company's Trading Compliance Policy. 6.2Beneficial 6.2 Beneficial Ownership of Shares; Certificate Registration. The Participant hereby authorizes the Company, in its sole discretion, to deposit any or all shares Shares acquired by the Participant pursuant to the settlement of the Award with the Company's transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such shares for the benefit of the Participant with any broker with which the Participant has an account relationship of which the Company has notice. Except as provided by the foregoing, a certificate for the shares Shares acquired by the Participant shall be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant. 6.3Restrictions 4 6.3 Restrictions on Grant of the Award and Issuance of Shares. The grant of the Award and issuance of shares of Stock Shares upon settlement of the Award shall be subject to compliance with all applicable requirements of federal, state, state or foreign law with respect to such securities. No shares of Stock Shares may be issued hereunder if the their issuance of such shares would constitute a violation of any applicable federal, state, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock Shares may then be listed. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company's legal counsel to be necessary to the lawful issuance of any shares Shares subject to the Award shall relieve the Company of any liability in respect of the failure to issue such shares Shares as to which such requisite authority shall not have been obtained. As a condition to the settlement of the Award, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 6.4Fractional 6.4 Fractional Shares. The Company shall not be required to issue fractional shares Shares upon the settlement of the Award. View More
Settlement of the Award. 6.1Issuance 6.1 Issuance of Shares of Stock. Common Shares. Subject to the provisions of Section 6.3 6.3, Section 7.2 and Section 8.1 below, the Company shall issue to the Participant on the Settlement Date with respect to each Vested Unit to be settled on such date Performance Share one (1) share of Stock. Common Share. Common Shares of Stock issued in settlement of Units Performance Shares shall not be subject to any restriction on transfer other than any such restriction restrictions as may b...e required pursuant to Section 6.3, Section 7 or the Company's Insider Trading Compliance Policy. 6.2Beneficial 6.2 Beneficial Ownership of Shares; Certificate Registration. The Participant hereby authorizes Common Shares. Upon issuance of Common Shares in settlement of the Company, in Award, the Company will determine the form of delivery (e.g., a stock certificate or electronic entry evidencing such shares) and may deliver such shares on the Participant's behalf electronically to the Company's designated stock plan administrator or such other broker-dealer as the Company may choose at its sole discretion, within reason. Except as otherwise provided by this Section 6.2, the Common Shares as to deposit any or all shares acquired by the Participant pursuant to the settlement of which the Award with the Company's transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such shares for the benefit of the Participant with any broker with which the Participant has an account relationship of which the Company has notice. Except as provided by the foregoing, a certificate for the shares acquired by the Participant is settled shall be registered in the name of the Participant, or, if applicable, in the names of the heirs or estate of the Participant. 6.3Restrictions 6.3 Restrictions on Grant of the Award and Issuance of Common Shares. The grant of the Award and issuance of shares of Stock Common Shares upon settlement of the Award shall be subject to compliance with all applicable requirements of federal, state, state or foreign law with respect to such securities. No shares of Stock Common Shares may be issued hereunder if the issuance of such shares would constitute a violation of any applicable federal, state, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Common Stock may then be listed. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company's legal counsel to be necessary to the lawful issuance of any shares Common Shares subject to the Award shall relieve the Company of any liability in respect of the failure to issue such shares as to which such requisite authority shall not have been obtained. As a condition to the settlement of the Award, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 6.4Fractional 6.4 Fractional Shares. The Company shall not be required to issue fractional shares Common Shares upon the settlement of the Award. Any fractional share resulting from the determination of the number of Vested Performance Shares shall be rounded up to the nearest whole number. View More
Settlement of the Award. 6.1Issuance 6.1 Issuance of Shares of Stock. Shares. Subject to the provisions of Section 6.3 below, of this Agreement, the Company shall issue to the Participant Awardee on the Settlement Date settlement date with respect to each Vested Unit to be settled on such date one (1) share of Stock. Share. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 6.3, 6.3 of this Agreement, Se...ction 7 of this Agreement, other applicable laws, insider trading policies or any agreement between the Company's Trading Compliance Policy. 6.2Beneficial Awardee and the Company applicable to the Shares (collectively, "Share Sale Restrictions"). 6.2 Beneficial Ownership of Shares; Certificate Registration. The Participant Awardee hereby authorizes the Company, in its sole discretion, to deposit for the benefit of the Awardee with the broker designated by the Company with which the Awardee has an account, any or all shares Shares acquired by the Participant Awardee pursuant to the settlement of the Award with the Company's transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such shares for the benefit of the Participant with any broker with which the Participant has an account relationship of which the Company has notice. Award. Except as provided by the foregoing, preceding sentence, a certificate for the shares acquired by Shares as to which the Participant Award is settled shall be registered in the name of the Participant, Awardee, or, if applicable, in the names of the heirs of the Participant. 6.3Restrictions Awardee. 6.3 Restrictions on Grant of the Award and Issuance of Shares. The grant of the Award and issuance of shares of Stock Shares upon settlement of the Award shall be subject to compliance with all applicable requirements of federal, state, state or foreign law with respect to such securities. No shares of Stock Shares may be issued hereunder if the issuance of such shares Shares would constitute a violation of any applicable federal, state, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock Shares may then be listed. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company's legal counsel to be necessary to the lawful issuance of any shares subject to the Award shall relieve the Company of any liability in respect of the failure to issue such shares Shares as to which such requisite authority shall not have been obtained. As a condition to the settlement of the Award, the Company may require the Participant Awardee to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 6.4Fractional 6.4 Fractional Shares. The Company shall not be required to issue fractional shares Shares upon the settlement of the Award. 6.5 Section 409A. It is the intent of this Agreement that it and all payments and benefits hereunder be exempt from, or comply with, the requirements of Section 409A so that none of the Restricted Stock Units provided under this Agreements or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to be so exempt or so comply. Each payment payable under this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). However, in no event with the Company reimburse Awardee, or be otherwise responsible for, any taxes or costs that may be imposed on Awardee as a result of Section 409A. For purposes of this Agreement "Section 409A" means Section 409A of the Code and any final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. View More
Settlement of the Award. 6.1Issuance of Shares of Stock. 6.2Beneficial Ownership of Shares; Certificate Registration. 6.3Restrictions on Grant of the Award and Issuance of Shares. 6.4Fractional Shares.
Settlement of the Award. 6.1Issuance of Shares of Stock. Shares. 6.2Beneficial Ownership of Shares; Certificate Registration. 6.3Restrictions on Grant of the Award and Issuance of Shares. 6.4Fractional Shares.
Settlement of the Award. 7.1Issuance of Shares of Stock. 7.2Beneficial Ownership of Shares; Certificate Registration. 7.3Restrictions on Grant of the Award and Issuance of Shares. 7.4Fractional Shares.
Settlement of the Award. 7.1Issuance of Shares of Stock. 7.2Beneficial Ownership of Shares; Certificate Registration. 7.3Restrictions on Grant of the Award and Issuance of Shares. 7.4Fractional Shares.
