Settlement of Units Clause Example with 35 Variations from Business Contracts

This page contains Settlement of Units 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 Units. After any Units vest pursuant to Section 4, the Company shall, as soon as practicable (but no later than the 15th day of the third calendar month following the Vesting Date), cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate en...try in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements as provided in Section 16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. View More Arrow

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

Settlement of Units. After any Units vest pursuant to Section 4, 3, the Company shall, as soon as practicable (but no later than 75 days after the 15th day of the third calendar month following the Vesting Date), date on which such Units vest), cause to be issued and delivered to you (or you, or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Earned Unit. Delivery of the Shares shall be effected by ...the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 6 and compliance with all applicable legal requirements, including compliance with the requirements as provided in Section 16(c) of the Plan, applicable federal and state securities laws, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. View More Arrow
Settlement of Units. After any Units vest pursuant to Section 4, 3, the Company shall, as soon as practicable (but no later than 75 days after the 15th day of the third calendar month following the Vesting Date), date on which such Units vest), cause to be issued and delivered to you (or you, or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the iss...uance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 6 and compliance with all applicable legal requirements, including compliance with the requirements as provided in Section 16(c) of the Plan, applicable federal and state securities laws, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. View More Arrow
Settlement of Units. After any Units vest pursuant to Section 4, the Company shall, as soon as practicable (but no later than the 15th day of the third calendar month following the Vesting Date), cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate en...try in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements as provided in Section 16(c) 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein. Notwithstanding the foregoing, if the ownership or issuance of Shares to you as provided herein is not feasible due to applicable exchange controls, securities or tax laws or other provisions of applicable law, as determined by the Committee in its sole discretion, you (or your permitted transferee) shall receive in lieu of Shares cash in an amount equal to the Fair Market Value (as of the date vesting of the Units occurs) of the Shares otherwise issuable in settlement of the vested Units, net of any amount required to satisfy withholding tax obligations as provided in Section 8 of this Agreement. View More Arrow
Settlement of Units. After Subject to Section 19, after any Units vest pursuant to Section 4, 2, the Company shall, as soon as practicable (but (and effective no later than the 15th first business day of the third calendar month following the Vesting Date), date such Units vest), cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares ...shall be effected by by, at the Company's option, the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements as provided in Section 16(c) of the Plan, 12, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it the Company in connection therewith. If the Units that vest include a fractional Unit, the Company shall round down the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein. View More Arrow
Settlement of Units. After any Units vest pursuant to Section 4, 2, the Company shall, as soon as practicable (but (and effective no later than the 15th first business day of the third calendar month following the Vesting Date), date such Units vest), cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by by, at t...he Company's option, the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements as provided in Section 16(c) of the Plan, 12, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it the Company in connection therewith. If the Units that vest include a fractional Unit, the Company shall round down the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein. View More Arrow
Settlement of Units. After any Units vest pursuant to Section 4, the Company shall, as soon as practicable (but no later than the 15th day March 15 of the third calendar month year following the Vesting Date), calendar year in which such Units vest), cause to be issued and delivered to you (or you, or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by t...he issuance of a stock certificate to you, certificate, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, provided, or by the electronic delivery of the Shares to a designated brokerage account you designate, and account, shall be subject to the satisfaction of withholding tax withholding provisions of obligations as provided in Section 8 6 and compliance with all applicable legal requirements as provided in Section 16(c) 21.6 of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue issuance and transfer delivery of the Shares to you pursuant to this Agreement, you, and all fees and expenses incurred by it in connection therewith. View More Arrow
Settlement of Units. After any Units vest pursuant to Section 4, 3, the Company shall, as soon as practicable (but no later than the 15th day March 15 of the third calendar month year following the Vesting Date), calendar year in which such Units vest), cause to be issued and delivered to you (or you, or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected b...y the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 6 and compliance with all applicable legal requirements as provided in Section 16(c) 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. View More Arrow
Settlement of Units. After any Units vest pursuant Subject to Section 4, the Company shall, 7 below, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the Vesting Date), applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of ...the Shares shall be effected by the issuance of a stock 3 certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 6 and compliance with all applicable legal requirements as provided in Section 16(c) 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The If the Units that vest include a fractional Unit, the Company will pay any original issue or transfer taxes with respect shall round the number of vested Units to the issue and transfer nearest whole Unit prior to issuance of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. as provided herein. View More Arrow
Settlement of Units. After any Units vest pursuant to Section 4, the Company shall, as soon as practicable (but no later than the 15th day of the third calendar month following the Vesting Date), cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a Restricted Stock Unit Award Agreement (2019 Eq...uity Incentive Plan) Page 2 stock certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 and compliance with all applicable legal requirements as provided in Section 16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. View More Arrow
Settlement of Units. After any Units vest pursuant Subject to Section 4, the Company shall, 7 below, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the Vesting Date), applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and 3 settlement of each vested Unit. Delivery o...f the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of Section 8 6 and compliance with all applicable legal requirements as provided in Section 16(c) 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The If the Units that vest include a fractional Unit, the Company will pay any original issue or transfer taxes with respect shall round the number of vested Units to the issue and transfer nearest whole Unit prior to issuance of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. as provided herein. View More Arrow