Vesting of Award and Form of Payout. With the exception of early vesting for circumstances described in Sections 4 and 5, this Award will vest on December 31, [2022] (the "Vesting Date"). Fifty percent (50%) of your vested Award will be paid out in cash (the "Cash Portion"), and the Company intends to pay out the remaining fifty percent (50%) in shares of the Company's common stock (the "Stock Portion"), although the Company reserves the right, subject to approval by the Committee (as defined below), to pay up to one hundred percen
...t (100%) of the vested Award in cash. Your vested Award will be paid out as soon as reasonably practicable following the end of the Performance Period but in no event later than March 15, [2023] (the "Payout Date"). On the Payout Date, the Company will issue to you (i) one share of the Company's common stock for each vested Performance Stock Unit comprising the Stock Portion of your Award, subject to reduction for tax withholding, and (ii) a check with a gross value equal to the closing market price of the Company's common stock on the last business day of the Performance Period (or the date of the Change of Control if Section 5 applies) times the number of vested Performance Stock Units comprising the Cash Portion of your Award, subject to reduction for tax withholding as described in Section 8.
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Vesting of Award and Form of Payout. With the exception of early vesting for circumstances described in Sections 4 and 5, this Award will vest on December 31,
[2022] 201 [end of 2-Year Period] (the "Vesting
Date"). Date"), as described in Section 1. Fifty percent (50%) of your vested Award will be paid out in
cash (the "Cash Portion"), cash, and the Company intends to pay out the remaining fifty percent (50%) in shares of the Company's common
stock (the "Stock Portion"), stock, although the Company reserves the
right, subject to ap...proval by the Committee (as defined below), right to pay up to one hundred percent (100%) of the vested Award in cash. The portion of the Award that is paid in cash is referred to as the "Cash Portion," and the portion of the Award that is paid in shares of the Company's common stock is referred to as the "Stock Portion." Your vested Award will be paid out as soon as reasonably practicable following the end of the Performance Period but in no event later than March 15, [2023] 201 [subsequent year] (the "Payout Date"). On the Payout Date, the Company will issue to you (i) one share of the Company's common stock for each vested Performance Stock Unit GPSU comprising the Stock Portion of your Award, subject to reduction for tax withholding, and (ii) a check with a gross value equal to the closing market price of the Company's common stock on the last business day of the Performance Period (or the date of the Change of in Control if Section 5 applies) times the number of vested Performance Stock Units GPSUs comprising the Cash Portion of your Award, subject to reduction for tax withholding as withholding. As described in Section 8. 8, the Company will withhold from both the Stock and Cash Portions of your payout any amount required to satisfy applicable tax withholding requirements.
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Vesting of Award and Form of Payout. With the exception of early vesting for circumstances described in Sections 4 and 5, this Award will vest on December 31,
[2022] 201 [end of 2-Year Performance Period] (the "Vesting
Date"). Date"), as described in Section 1. Fifty percent (50%) of your vested Award will be paid out in
cash (the "Cash Portion"), cash, and the Company intends to pay out the remaining fifty percent (50%) in shares of the Company's common
stock (the "Stock Portion"), stock, although the Company reserves the
right, s...ubject to approval by the Committee (as defined below), right to pay up to one hundred percent (100%) of the vested Award in cash. The portion of the Award that is paid in cash is referred to as the "Cash Portion," and the portion of the Award that is paid in shares of the Company's common stock is referred to as the "Stock Portion." Your vested Award will be paid out as soon as reasonably practicable following the end of the Performance Period but in no event later than March 15, [2023] 201 [subsequent year] (the "Payout Date"). On the Payout Date, the Company will issue to you (i) one share of the Company's common stock for each vested Performance Stock Unit GPSU comprising the Stock Portion of your Award, subject to reduction 2 for tax withholding, and (ii) a check with a gross value equal to the closing market price of the Company's common stock on the last business day of the Performance Period (or the date of the Change of in Control if Section 5 applies) times the number of vested Performance Stock Units GPSUs comprising the Cash Portion of your Award, subject to reduction for tax withholding as withholding. As described in Section 8. 8, the Company will withhold from both the Stock and Cash Portions of your payout any amount required to satisfy applicable tax withholding requirements.
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Vesting of Award and Form of Payout. With the exception of early vesting for circumstances described in Sections 4 and 5, this Award will vest on December 31,
[2022] 201 (the "Vesting
Date"). Date"), as described in Section 1. Fifty percent (50%) of your vested Award will be paid out in
cash (the "Cash Portion"), cash, and the Company intends to pay out the remaining fifty percent (50%) in shares of the Company's common
stock (the "Stock Portion"), stock, although the Company reserves the
right, subject to approval by the Committee... (as defined below), right to pay up to one hundred percent (100%) of the vested Award in cash. The portion of the Award that is paid in cash is referred to as the "Cash Portion," and the portion of the Award that is paid in shares of the Company's common stock is referred to as the "Stock Portion." Your vested Award will be paid out as soon as reasonably practicable following the end of the Performance Period but in no event later than March 15, [2023] 201 (the "Payout Date"). On the Payout Date, the Company will issue to you (i) one share of the Company's common stock for each vested Performance Stock Unit GPSU comprising the Stock Portion of your Award, subject to reduction for tax withholding, and (ii) a check with a gross value equal to the closing market price of the Company's common stock on the last business day of the Performance Period (or the date of the Change of in Control if Section 5 applies) times the number of vested Performance Stock Units GPSUs comprising the Cash Portion of your Award, subject to reduction for tax withholding as withholding. As described in Section 8. 8, the Company will withhold from both the Stock and Cash Portions of your payout any amount required to satisfy applicable tax withholding requirements.
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Vesting of Award and Form of Payout. With the exception of early vesting for circumstances described in Sections 4 and 5, this Award will vest on December 31,
[2022] [2018] (the "Vesting
Date"). Date"), as described in Section 1. Fifty percent (50%) of your vested Award will be paid out in
cash (the "Cash Portion"), cash, and the Company intends to pay out the remaining fifty percent (50%) in shares of the Company's common
stock (the "Stock Portion"), stock, although the Company reserves the
right, subject to approval by the Commit...tee (as defined below), right to pay up to one hundred percent (100%) of the vested Award in cash. The portion of the Award that is paid in cash is referred to as the "Cash Portion," and the portion of the Award that is paid in shares of the Company's common stock is referred to as the "Stock Portion." Your vested Award will be paid out as soon as reasonably practicable following the end of the Performance Period but in no event later than March 15, [2023] [2019] (the "Payout Date"). On the Payout Date, the Company will issue to you (i) one share of the Company's common stock for each vested Performance Stock Unit GPSU comprising the Stock Portion of your Award, subject to reduction for tax withholding, and (ii) a check with a gross value equal to the closing market price of the Company's common stock on the last business day of the Performance Period (or the date of the Change of in Control if Section 5 applies) times the number of vested Performance Stock Units GPSUs comprising the Cash Portion of your Award, subject to reduction for tax withholding as described in Section 8.
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Vesting of Award and Form of Payout. With the exception of early vesting for circumstances described in Sections 4 and 5, this Award will vest on December 31,
[2022] [2025] (the "Vesting Date"). Fifty percent (50%) of your vested Award will be paid out in cash (the "Cash Portion"), and the Company intends to pay out the remaining fifty percent (50%) in shares of the Company's common stock (the "Stock Portion"), although the Company reserves the right,
except for distributions to persons subject to
approval by Section 16 of the
Comm...ittee (as defined below), Securities Exchange Act of 1934, to pay up to one hundred percent (100%) of the vested Award in cash. Your vested Award will be paid out as soon as reasonably practicable following the end of the Performance Period but in no event later than March 15, [2023] [2026] (the "Payout Date"). On the Payout Date, the Company will issue to you (i) one share of the Company's common stock for each vested Performance Stock Unit comprising the Stock Portion of your Award, subject to reduction for tax withholding, and (ii) a check with a gross value equal to the closing market price of the Company's common stock on the last business day of the Performance Period (or the date of the Change of Control if Section 5 applies) times the number of vested Performance Stock Units comprising the Cash Portion of your Award, subject to reduction for tax withholding as described in Section 8.
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