Common use of Award Settlement Clause in Contracts

Award Settlement. The Company shall deliver to the Participant (or, in the event of the Participant’s prior death, the Participant’s beneficiary), one (1) share of Common Stock for each Restricted Stock Unit in which the Participant becomes vested in accordance with this Agreement. Delivery of such Common Stock shall be made as soon as reasonably practicable following the date the Participant becomes vested in the Restricted Stock Unit, but in no event later than the fifteenth (15th) day of the third month following the end of the calendar year in which the Participant became vested in such Restricted Stock Unit.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Nextier Oilfield Solutions Inc.), Employment Agreement (Keane Group, Inc.), Employment Agreement (Keane Group, Inc.)

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