Settlement Clause Example with 4 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 Company shall deliver to the Participant within forty-five (45) days following the vesting date of the Restricted Stock Units a number of Shares equal to the aggregate number of Restricted Stock Units that vest as of such date. No fractional Shares shall be delivered; the Company shall pay cash in respect of any fractional Shares. The Company may deliver such shares either through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certifica...tes representing the number of Shares to be issued in respect of the Restricted Stock Units, registered in the name of the Participant. Notwithstanding the foregoing, the Restricted Stock Units may be settled in the form of: (a) cash, to the extent settlement in Shares (i) is prohibited under applicable laws, (ii) would require the Participant, the Company or the Subsidiary that employs the Participant (the "Employer") to obtain the approval of any governmental and/or regulatory body in the Participant's country of residence (and country of employment, if different), or (iii) is administratively burdensome; or (b) Shares, but the Company may require the Participant to immediately sell such Shares if necessary to comply with applicable laws (in which case, the Participant hereby expressly authorizes the Company to issue sales instructions in relation to such Shares on the Participant's behalf).View More
Variations of a "Settlement" Clause from Business Contracts
Settlement. T The Company shall deliver to the Participant Participant, within forty-five (45) days following of the later of (a) the Certification Date, or (b) the vesting date pursuant to the terms of the Restricted Stock Units Exhibit A, a number of whole Shares equal to the aggregate number of Restricted Performance Stock Units that vest as of such date. No date, rounded to the nearest whole Share (no fractional Shares shall be delivered; the Company shall pay or cash in respect lieu of any fractional S...hares. Shares will be delivered). The Company may deliver such shares Shares either through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates representing the number of Shares to be issued in respect of the Restricted Performance Stock Units, registered in the name of the Participant. Notwithstanding the foregoing, the Restricted Performance Stock Units may be settled in the form of: (a) cash, to the extent settlement in Shares (i) is prohibited under applicable laws, (ii) would require the Participant, the Company or the Subsidiary that employs the Participant (the "Employer") Employer to obtain the approval of any governmental and/or regulatory body in the Participant's country of residence (and country of employment, Service, if different), or (iii) is administratively burdensome; or (b) Shares, but the Company may require the Participant to immediately sell such Shares if necessary to comply with applicable laws (in which case, the Participant hereby expressly authorizes the Company to issue sales instructions in relation to such Shares on the Participant's behalf). View More
Settlement. The Company shall deliver to the Participant Participant, within forty-five (45) days following of the later of (a) the Certification Date, or (b) the vesting date pursuant to the terms of the Restricted Stock Units Exhibit A, a number of whole Shares equal to the aggregate number of Restricted Performance Stock Units that vest as of such date. No date, rounded to the nearest whole Share (no fractional Shares shall be delivered; the Company shall pay or cash in respect lieu of any fractional Sha...res. Shares will be delivered). The Company may deliver such shares Shares either through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates representing the number of Shares to be issued in respect of the Restricted Performance Stock Units, registered in the name of the Participant. Notwithstanding the foregoing, the Restricted Performance Stock Units may be settled in the form of: (a) cash, to the extent settlement in Shares (i) is prohibited under applicable laws, (ii) would require the Participant, the Company or the Subsidiary that employs the Participant (the "Employer") Employer to obtain the approval of any governmental and/or regulatory body in the Participant's country of residence (and country of employment, Service, if different), or (iii) is administratively burdensome; or (b) Shares, but the Company may require the Participant to immediately sell such Shares if necessary to comply with applicable laws (in which case, the Participant hereby expressly authorizes the Company to issue sales instructions in relation to such Shares on the Participant's behalf). View More
Settlement. The Company shall deliver to the Participant Participant, within forty-five (45) days following of the later of (a) the Certification Date, or (b) the vesting date pursuant to the terms of the Restricted Stock Units Exhibit A, a number of whole Shares equal to the aggregate number of Restricted Performance Stock Units that vest as of such date. No fractional Shares shall be delivered; the Company shall pay cash in respect of any fractional Shares. The Company may deliver such shares Shares eithe...r through book entry accounts held by, or in the name of, the Participant or cause to be issued a certificate or certificates representing the number of Shares to be issued in respect of the Restricted Performance Stock Units, registered in the name of the Participant. Notwithstanding the foregoing, the Restricted Performance Stock Units may be settled in the form of: (a) cash, to the extent settlement in Shares (i) is prohibited under applicable laws, (ii) would require the Participant, the Company or the Subsidiary that employs the Participant (the "Employer") Employer to obtain the approval of any governmental and/or regulatory body in the Participant's country of residence (and country of employment, Service, if different), or (iii) is administratively burdensome; or (b) Shares, but the Company may require the Participant to immediately sell such Shares if necessary to comply with applicable laws (in which case, the Participant hereby expressly authorizes the Company to issue sales instructions in relation to such Shares on the Participant's behalf). View More
Settlement. The Company shall deliver to the Participant within forty-five (45) days following the vesting date Certification Date of the Restricted Performance Stock Units a number of Shares equal to the aggregate number of Restricted Performance Stock Units that vest as of such date. No fractional Shares shall be delivered; the Company shall pay cash in respect of any fractional Shares. The Company may deliver such shares either through book entry accounts held by, or in the name of, the Participant or ca...use to be issued a certificate or certificates representing the number of Shares to be issued in respect of the Restricted Performance Stock Units, registered in the name of the Participant. Notwithstanding the foregoing, the Restricted Performance Stock Units may be settled in the form of: (a) cash, to the extent settlement in Shares (i) is prohibited under applicable laws, (ii) would require the Participant, the Company or the Subsidiary that employs the Participant (the "Employer") to obtain the approval of any governmental and/or regulatory body in the Participant's country of residence (and country of employment, if different), or (iii) is administratively burdensome; or (b) Shares, but the Company may require the Participant to immediately sell such Shares if necessary to comply with applicable laws (in which case, the Participant hereby expressly authorizes the Company to issue sales instructions in relation to such Shares on the Participant's behalf). View More
