Settlement Clause Example from Business Contracts

This example Settlement clause appears in 2 contracts from 1 company

Settlement. Settlement of RSUs shall be made no later March 15 of the calendar year following the applicable date of vesting under the vesting schedule set forth in the Notice. Settlement of RSUs shall be in Shares. Settlement means the delivery of the Shares vested under an RSU. No fractional RSUs or rights for fractional Shares shall be created pursuant to this RSU Agreement.
Found in DROPBOX, INC. contract
DROPBOX, INC. Contracts

Dropbox, Inc. 2017 Equity Incentive Plan and related form agreements (Filed With SEC on March 21, 2018)

Dropbox, Inc. 2017 Equity Incentive Plan and related form agreements (Filed With SEC on February 23, 2018)