Settlement Clause Example with 6 Variations from Business Contracts

This page contains Settlement 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. The obligation to make payments and distributions with respect to RSUs shall be satisfied through the issuance of one Share for each vested RSU (the "settlement"), and the settlement of the RSUs may be subject to such conditions, restrictions and contingencies as the Committee shall determine. The RSUs shall be settled as soon as practicable after the applicable Vesting Date, but in no event later than March 15 of the year following the calendar year in which the applicable Vesting Date occurred... (as applicable, the "Settlement Date"). Notwithstanding the foregoing, the payment dates set forth in this Section 3 have been specified for the purpose of complying with the provisions of Section 409A of the Code. To the extent payments are made during the periods permitted under Section 409A of the Code (including any applicable periods before or after the specified payment dates set forth in this Section 3), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder. Upon settlement, the RSUs shall no longer be subject to the transfer restrictions set forth in Section 10(a). View More
Found in Capri Holdings contract

Variations of a "Settlement" Clause from Business Contracts

Settlement. The obligation to make payments and distributions with respect to RSUs PSUs shall be satisfied through the issuance of one Share for each vested RSU PSU (the "settlement"), and the settlement of the RSUs PSUs may be subject to such conditions, restrictions and contingencies as the Committee shall determine. The RSUs PSUs shall be settled as soon as practicable after the applicable Vesting Determination Date, but in no event later than March 15 of the year following the calendar year in which the... applicable Vesting Date occurred PSUs vested (as applicable, the "Settlement Date"). Notwithstanding the foregoing, the payment dates set forth in this Section 3 have been specified for the purpose of complying with being exempt from the provisions of Section 409A of the Code. To the extent payments are made during the periods permitted under Section 409A of the Code (including any applicable periods before or after the specified payment dates set forth in this Section 3), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder. Upon settlement, the RSUs shall no longer be subject to the transfer restrictions set forth in Section 10(a). View More
Found in Taylor Morrison Home Corp contract
Settlement. The obligation to make payments and distributions with respect to RSUs shall be satisfied through the issuance of one Share for each vested RSU (the "settlement"), and the settlement of the RSUs may be subject to such conditions, restrictions and contingencies as the Committee Administrator shall determine. The RSUs shall be settled as soon as practicable after the applicable Vesting Date, RSUs vest, but in no event later than March 15 of the year following the calendar year in which the applica...ble Vesting Date occurred RSUs vested (as applicable, the "Settlement Date"). Notwithstanding the foregoing, the payment dates set forth in this Section 3 have been specified for the purpose of complying with being exempt from the provisions of Section 409A of the Code. To the extent payments are made during the periods permitted under Section 409A of the Code (including any applicable periods before or after the specified payment dates set forth in this Section 3), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder. Upon settlement, the RSUs shall no longer be subject to the transfer restrictions set forth in Section 10(a). View More
Found in CAESARS ENTERTAINMENT Corp contract
Settlement. The obligation to make payments and distributions with respect to RSUs shall be satisfied through the issuance of one Share for each vested RSU (the "settlement"), and the settlement of the RSUs may be subject to such conditions, restrictions and contingencies as the Committee shall determine. The RSUs shall be settled as soon as practicable after the applicable Vesting Date, RSUs vest, but in no event later than March 15 of the year following the calendar year in which the applicable Vesting Da...te occurred RSUs vested (as applicable, the "Settlement Date"). Notwithstanding the foregoing, the payment dates set forth in this Section 3 have been specified for the purpose of complying with being exempt from the provisions of Section 409A of the Code. To the extent payments are made during the periods permitted under Section 409A of the Code (including any applicable periods before or after the specified payment dates set forth in this Section 3), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder. Upon settlement, the RSUs shall no longer be subject to the transfer restrictions set forth in Section 10(a). View More
Found in Taylor Morrison Home Corp contract
Settlement. The obligation to make payments and distributions with respect to RSUs shall be satisfied through the issuance of one Share or cash equal to the Fair Market Value of one Share for each vested RSU as determined by the Committee in its sole discretion (the "settlement"), and the settlement of the RSUs may be subject to such conditions, restrictions and contingencies as the Committee shall determine. The RSUs shall be settled [DIRECTOR CHOICE: (1) as soon as practicable after the applicable Vesting... Date, RSUs vest, but in no event later than March 15 of the year following the calendar year in which the applicable Vesting RSUs vested OR (2) on or within thirty (30) days following the fifth anniversary of the Date occurred of Grant, or if [earlier/later] the date of the Director's separation from service within the meaning of Section 409A of the Code] (as applicable, the "Settlement Date"). Notwithstanding the foregoing, the payment dates set forth in this Section 3 have been specified for the purpose of complying with the provisions of Section 409A of the Code. To the extent payments are made during the periods permitted under Section 409A of the Code (including any applicable periods before or after the specified payment dates set forth in this Section 3), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder. Upon settlement, the RSUs shall no longer be subject to the transfer restrictions set forth in Section 10(a). View More
Found in Capri Holdings contract
Settlement. The obligation to make payments and distributions with respect to RSUs shall be satisfied through the issuance of one Share for each vested RSU (the "settlement"), and the settlement of the RSUs may be subject to such conditions, restrictions and contingencies as the Committee shall determine. The RSUs shall be settled [DIRECTOR CHOICE: (1) as soon as practicable after the applicable Vesting Date, RSUs vest, but in no event later than March 15 of the year following the calendar year in which the... applicable Vesting RSUs vested OR (2) on or within thirty (30) days following the fifth anniversary of the Date occurred of Grant, or if [earlier/later] the date of the Director's separation from service within the meaning of Section 409A of the Code] (as applicable, the "Settlement Date"). Notwithstanding the foregoing, the payment dates set forth in this Section 3 have been specified for the purpose of complying with the provisions of Section 409A of the Code. To the extent payments are made during the periods permitted under Section 409A of the Code (including any applicable periods before or after the specified payment dates set forth in this Section 3), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder. Upon settlement, the RSUs shall no longer be subject to the transfer restrictions set forth in Section 10(a). View More
Found in Capri Holdings contract
Settlement. The obligation to make payments and distributions with respect to RSUs PRSUs shall be satisfied through the issuance of one Share for each vested RSU PRSU (the "settlement"), and the settlement of the RSUs PRSUs may be subject to such conditions, restrictions and contingencies as the Committee shall determine. The RSUs PRSUs shall be settled as soon as practicable after the applicable Vesting Date, vesting date, but in no event later than March 15 of the year following the calendar year in which... the applicable Vesting Date vesting date occurred (as applicable, the "Settlement Date"). Notwithstanding the foregoing, the payment dates set forth in this Section 3 have been specified for the purpose of complying with the provisions of Section 409A of the Code. To the extent payments are made during the periods permitted under Section 409A of the Code (including any applicable periods before or after the specified payment dates set forth in this Section 3), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder. Upon settlement, the RSUs shall no longer be subject to the transfer restrictions set forth in Section 10(a). View More
Found in Capri Holdings contract