Time of Payment Clause Example with 8 Variations from Business Contracts

Time of Payment. Except for Shares issuable pursuant to Section 6 or Section 8, the Shares issuable for the vested Restricted Stock Units shall be delivered to the Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the end of the each Vesting Period Date (but in no event late later than the 15th day of the third calendar month following such date). With respect to Shares issuable for Restricted Stock Units that become vested and payabl...e pursuant to Section 6, such Shares shall be delivered to the date on which Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the next annual Vesting Period ends). Date scheduled to occur following the Employee's termination of Service (but in no event later than the 15th day of the third calendar month following such Vesting Date). With respect to Shares issuable in connection with Restricted Stock Units that become vested pursuant to Section 8, such Shares shall be delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. Control.6.Retirement, Disability, or Death During the Vesting Period. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates during the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Employee (or, in the case of the Employee's death, the Employee's beneficiary) will be entitled to the Shares attributable to any previously vested Restricted Stock Units, and a prorated number of Shares attributable to the Restricted Stock Units scheduled to vest at the next annual Vesting Date scheduled to occur following the Employee's termination of Service. The prorated number of Shares shall be determined by multiplying the total number of Restricted Stock Units scheduled to vest at such Vesting Date by a fraction, the numerator of which is the number of completed full months the Employee is employed (including disability) from the previous annual Vesting Date (or the Grant Date if the Employee's Service terminates prior to the first annual Vesting Date) to the date of termination of Service, and the denominator of which is 12. View More

Time of Payment. Except for Shares issuable pursuant to Section 8, the Shares issuable for the vested Restricted Stock Units shall be delivered to the Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the end of the Vesting Period (but in no event late than the 15th day of the third calendar month following the date on which the Vesting Period ends). With respect to Shares issuable in connection with Restricted Stock Units that become... vested pursuant to Section 8, such Shares shall be delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. Control.6.Retirement, Disability, or Death During the Vesting Period. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates during the first year of the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Employee (or, in the case of the Employee's death, the Employee's beneficiary or representative) will be entitled to a prorated number of Shares, determined by multiplying the number of Restricted Stock Units subject to this Agreement by a fraction, the numerator of which is the number of full months completed in the first year of the Vesting Period as of the date of termination, and the denominator of which is twelve. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates after the first year of the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Restricted Stock Units shall become immediately vested in full and payable in accordance with Sections 4 and 5 above. View More

Time of Payment. Except for Shares issuable pursuant to Section 8, the Shares issuable for the vested Restricted Stock Units shall be delivered to the Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the end of the Vesting Period (but in no event late later than the 15th day of the third calendar month following the date on which the Vesting Period ends). With respect to Shares issuable in connection with Restricted Stock Units that ...become vested pursuant to Section 8, such Shares shall be delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. Control.6.Retirement, Disability, or Death During the Vesting Period. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates during the first year of the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Employee (or, in the case of the Employee's death, the Employee's beneficiary or representative) will be entitled to a prorated number of Shares, determined by multiplying the number of Restricted Stock Units subject to this Agreement by a fraction, the numerator of which is the number of full months completed in the first year of the Vesting Period as of the date of termination, and the denominator of which is twelve. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates after the first year of the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Restricted Stock Units shall become immediately vested in full and payable in accordance with Sections 4 and 5. View More

Time of Payment. Except for Shares issuable that become payable pursuant to Section 8, 11, the Shares issuable for the vested Restricted Stock Units earned Performance Shares shall be delivered to the Employee (or, in the case of the Employee's death, death before delivery, to the Employee's beneficiary or representative) as soon as practicable after the end of the Vesting Performance Period (but as set forth in the Addendum, but in no event late later than the 15th day March 15 of the third calendar month year ...following the date on year in which the Vesting Performance Period ends). ends. With respect to Shares issuable in connection with Restricted Stock Units that become vested payable pursuant to Section 8, 11, such Shares shall be delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. View More

Time of Payment. Except for Shares issuable pursuant to Section 8, the Shares issuable for the vested Restricted Stock Units shall be delivered to the Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the end of the Vesting Period (but in no event late than the 15th day of the third calendar month following the date on which the Vesting Period ends). With respect to Shares issuable in connection with Restricted Stock Units that become... vested pursuant to Section 8, such Shares shall be delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month 60 days after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate 2 is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. Control.6.Retirement, Disability, or Death During the Vesting Period. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates during the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Employee (or, in the case of the Employee's death, the Employee's beneficiary or representative) will be entitled to any already vested portion of the Restricted Stock Units plus the next tranche of Restricted Stock Units scheduled to vest. View More

Time of Payment. Except for Shares issuable pursuant to Section 8, the Shares issuable for the vested Restricted Stock Units shall be delivered to the Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the end of the Vesting Period (but in no event late than the 15th day of the third calendar month following the date on which the Vesting Period ends). With respect to Shares issuable in connection with Restricted Stock Units that become... vested pursuant to Section 8, such Shares shall be 2 delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. Control.6.Retirement, Disability, or Death During the Vesting Period. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates during the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Employee (or, in the case of the Employee's death, the Employee's beneficiary or representative) will be entitled to any already vested portion of the Restricted Stock Units plus the next tranche of Restricted Stock Units scheduled to vest. View More

Time of Payment. Except for Shares issuable pursuant to Section 8, the Shares issuable for the vested Restricted Stock Units shall be delivered to the Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the end of the Vesting Period (but in no event late than the 15th day of the third calendar month following the date on which the Vesting Period ends). With respect to Shares issuable in connection with Restricted Stock Units that become... vested pursuant to Section 8, such Shares shall be delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. Control.6.Retirement, Disability, or Death During the Vesting Period. If the Employee's Service with the Corporation or a Subsidiary or an Affiliate terminates during the Vesting Period because of the Employee's Retirement, due to his or her Disability or due to his or her death, the Employee (or, in the case of the Employee's death, the Employee's beneficiary or representative) will be entitled to any already vested portion of the Restricted Stock Units plus the next tranche of Restricted Stock Units scheduled to vest. View More

Time of Payment. Except for Shares issuable pursuant to Section 6 or Section 8, the Shares issuable for the vested Restricted Stock Units shall be delivered to the Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the end of the each Vesting Period Date (but in no event late later than the 15th day of the third calendar month following such date). With respect to Shares issuable for Restricted Stock Units that become vested and payabl...e pursuant to Section 6, such Shares shall be delivered to the date on which Employee (or, in the case of the Employee's death, to the Employee's beneficiary or representative) as soon as practicable after the next annual Vesting Period ends). Date scheduled to occur following the Employee's termination of Service (but in no event later than the 15th day of the third calendar month following such Vesting Date). With respect to Shares issuable in connection with Restricted Stock Units that become vested pursuant to Section 8, such Shares shall be delivered to the Employee as soon as practicable after (but no later than the 15th day of the third calendar month after) the date on which the Double Trigger Event occurs; provided however, that if the Employee's Service with the Corporation, a Subsidiary or an Affiliate is involuntarily terminated without Cause or voluntarily terminated for Good Reason on or prior to the date of the Change of Control to which the Double Trigger Event relates, then such Shares shall be delivered immediately prior to the consummation of such Change of Control. View More