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Common use of Awards Clause in Contracts

Awards. Each Unit shall represent an unfunded, unsecured promise by the Company to deliver to you one share of the Company’s Class A Common Stock, par value $.01 per share (“Share”) on the Delivery Date. In accordance with Section 10(b) of the Plan, in the discretion of the Committee, in lieu of all or any portion of the Shares otherwise deliverable in respect of your Units, the Company may deliver a cash amount equal to the number of such Shares multiplied by the Fair Market Value of a Share on the date when Shares would otherwise have been issued, as determined by the Committee.

Appears in 19 contracts

Samples: Restricted Stock Units Agreement (Sphere Entertainment Co.), Restricted Stock Units Agreement (Sphere Entertainment Co.), Restricted Stock Units Agreement (Madison Square Garden Entertainment Corp.)

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Awards. Each Unit shall represent an unfunded, unsecured promise by the Company to deliver to you one share of the Company’s Class A Common Stock, par value $.01 per share (“Share”) ), on the Delivery Date. In accordance with Section 10(b) of the Plan, in the discretion of the Committee, in lieu of all or any portion of the Shares otherwise deliverable in respect of your Units, the Company may deliver a cash amount equal to the number of such Shares multiplied by the Fair Market Value of a Share on the date when Shares would otherwise have been issued, as determined by the Committee.

Appears in 5 contracts

Samples: Restricted Stock Units Agreement (AMC Networks Inc.), Restricted Stock Units Agreement (AMC Networks Inc.), Restricted Stock Units Agreement (AMC Networks Inc.)

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Awards. Each Unit shall represent an unfunded, unsecured promise by the Company to deliver to you one share of the Company’s 's Class A Common Stock, par value $.01 per share (“Share”) on the Delivery Date. In accordance with Section 10(b) of the Plan, in the discretion of the Committee, in lieu of all or any portion of the Shares otherwise deliverable in respect of your Units, the Company may deliver a cash amount equal to the number of such Shares multiplied by the Fair Market Value of a Share on the date when Shares would otherwise have been issued, as determined by the Committee.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Madison Square Garden Co), Restricted Stock Units Agreement (Madison Square Garden Co)

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