Common use of Conversion into Stock Clause in Contracts

Conversion into Stock. 3.1 Subject to Sections 3.6 and 4 below, shares of Stock will be issued and become free of restrictions as soon as practicable following vesting of the Units, provided that Grantee has satisfied all Tax-Related Items as defined in Section 5 of this Agreement and Grantee has completed, signed and returned any documents and taken any additional action that the Company deems appropriate to enable it to accomplish the delivery of the shares of Stock. In no event shall the Company issue the shares of Stock later than March 15 of the calendar year which begins after the calendar year in which the vesting event occurs, unless Grantee fails to satisfy the foregoing conditions for delivery not fewer than seven (7) days before such date, in which event all such shares of Stock shall be forfeited.

Conversion into Stock. 3.1 3.1. Subject to Sections 3.6 and 4 below, shares of Stock will be issued and become free of restrictions as soon as practicable following vesting of the Units, provided that Grantee has satisfied all Tax-Related Items as defined in Section 5 of this Agreement and Grantee has completed, signed and returned any documents and taken any additional action that Restricted Stock Unit Grant Agreement ___________________________ the Company deems appropriate to enable it to accomplish the delivery of the shares of Stock. In no event shall the Company issue the shares of Stock later than March 15 of the calendar year which begins after the calendar year in which the vesting event occurs, unless Grantee fails to satisfy the foregoing conditions for delivery not fewer than seven (7) days before such date, in which event all such shares of Stock shall be forfeited.