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 Three Year RSU in which the Participant becomes vested in accordance with this Agreement. If any dividends are paid with respect to a share of Common Stock during the vesting period, an equivalent amount shall accrue and be held by the Company without interest (a “Dividend Equivalents”) until the Three Year RSUs become vested, at which time such amount shall be paid to the Participant, or are forfeited, at which time such amount shall be forfeited. Delivery of such Common Stock and Dividend Equivalents, if any, shall be made as soon as reasonably practicable following the end of the applicable Performance Period, but in no event later than the fifteenth (15th) day of the third month following the end of the calendar year in which the end of the applicable Performance Period occurs (the date of such delivery, the “Settlement Date”).

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 Three Year RSU in which the Participant becomes vested in accordance with this Agreement. If any dividends are paid with respect to a share of Common Stock during ‎during the vesting period, an equivalent amount shall accrue and be held by the Company without ‎without interest (a “Dividend Equivalents”) until the Three Year RSUs become vested, at which time such amount shall ‎shall be paid to the Participant, or are forfeited, at which time such amount shall be forfeited. forfeited.‎ Delivery of such Common Stock and Dividend Equivalents, if any, shall be made as soon as reasonably practicable following the end of the applicable Performance Period, but in no event later than the fifteenth (15th) day of the third month following the end of the calendar year in which the end of the applicable Performance Period occurs (the date of such delivery, the “Settlement Date”).

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 Three Year RSU in which the Participant becomes vested in accordance with this Agreement. If any dividends are paid with respect to a share of Common Stock during the vesting period, an equivalent amount shall accrue and be held by the Company without interest (a “Dividend Equivalents”) until the Three Year RSUs become vested, at which time such amount shall be paid to the Participant, or are forfeited, at which time such amount shall be forfeited. Delivery [Subject to Section 5, delivery]5[Delivery] of such Common Stock and Dividend Equivalents, if any, shall be made as soon as reasonably practicable following the end of the applicable Performance Period, but in no event later than the fifteenth (15th) day of the third month following the end of the calendar year in which the end of the applicable Performance Period occurs (the date of such delivery, the “Settlement Date”).

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 Three Two Year RSU in which the Participant becomes vested in accordance with this Agreement. If any dividends are paid with respect to a share of Common Stock during ‎during the vesting period, an equivalent amount shall accrue and be held by the Company without ‎without interest (a “Dividend Equivalents”) until the Three Two Year RSUs become vested, at which time such amount shall ‎shall be paid to the Participant, or are forfeited, at which time such amount shall be forfeited. forfeited.‎ Delivery of such Common Stock and Dividend Equivalents, if any, shall be made as soon as reasonably practicable following the end of the applicable Performance Period, but in no event later than the fifteenth (15th) day of the third month following the end of the calendar year in which the end of the applicable Performance Period occurs (the date of such delivery, the “Settlement Date”).