Delivery of Award. Parties shall accept as legal delivery of the award the placing of the award or a true copy thereof in the mail by the arbitrator addressed to such party at his last known address or to his authorized representative or personal service of the award or the filing of the award in any manner which may be mutually acceptable to the parties.
Delivery of Award. A. With respect to a Participant who is not eligible for Retirement and has a minimum grant of at least six RSUs, within 30 days following the date on which an RSU becomes vested, the Company shall issue to the Participant, subject to applicable withholding as described in Section 7 of this Agreement, one share of common stock of the Company (“Common Stock”) in satisfaction of each vested RSU. Grants of five RSUs or less to a Participant may be settled in an equivalent value of cash instead of Common Stock at the discretion of the Committee.
Delivery of Award. A. With respect to a Participant who is not eligible for Retirement, within 30 days following the date on which an MSU becomes vested, the Company shall issue to the Participant, subject to applicable withholding as discussed in Section 7 of this Agreement, one share of common stock of the Company (“Common Stock”) in satisfaction of each vested MSU.
Delivery of Award a. The Company shall deliver to the Participant the cash amount underlying the outstanding Cash Incentive Award within thirty (30) days following the date such Cash Incentive Award vests. In no event shall the Participant be entitled to receive any amount with respect to any unvested or forfeited portion of the Cash Incentive Award.
Delivery of Award. A. With respect to a Participant who is not eligible for Retirement, within 30 days following the date on which Eligible PSUs becomes vested, with respect to, and in satisfaction of, such vested Eligible PSUs (determined in accordance with Section 2 of this Agreement and Section 10 of the Plan), the Company shall pay to the Participant, subject to applicable withholding as described in Section 7 of this Agreement, the cash value of one share of common stock of the Company (“Common Stock”) in satisfaction of each vested Eligible PSU. For purposes of this Agreement, the cash value of a share of Common Stock (“Cash Value”) will be equal to the 30 calendar-day average of the Company’s closing stock price ending on the Vesting Date.
Delivery of Award. A. With respect to a Participant who is not eligible for Retirement, within 30 days following the date on which Eligible PSUs becomes vested, with respect to, and in satisfaction of, such vested Eligible PSUs (determined in accordance with Section 2 of this Agreement and Section 10 of the Plan), the Company shall pay to the Participant, subject to applicable withholding as described in Section 7 of this Agreement, one share of common stock of the Company (“Common Stock”) in satisfaction of each vested Eligible PSU.
Delivery of Award. A. With respect to a Participant who is not eligible for Retirement, within 30 days following the date on which Eligible PUs becomes vested, with respect to, and in satisfaction of, such vested PUs (determined in accordance with Section 2 of this Agreement and Section 10 of the Plan), the Company shall pay or deliver, as applicable, to the Participant, subject to applicable withholding as discussed in Section 7 of this Agreement, either cash or shares of Common Stock, at the sole discretion of the Committee. For purposes of this Agreement, if the vested Eligible PUs are to be paid in cash, the amount to be paid in settlement of the vested Eligible PUs shall be equal to the average closing price of the Common Stock for the 30-day calendar period prior to and including the applicable vesting date multiplied by the number of Eligible PUs that vest on such date (with respect to each vesting date, such amount is referred to as the “Cash Settlement Amount”); if, however, the vested Eligible PUs are to be settled in shares of Common Stock, a value of equivalent worth will be delivered in the form of shares of Common Stock, rounded down to the nearest whole share (the “Settlement Shares”).
Delivery of Award. A. With respect to a Participant who is not eligible for Retirement, within 30 days following the date on which an Eligible CSPS becomes vested, the Company shall pay to the Participant, subject to applicable withholding as discussed in Section 7 of this Agreement, the cash value of one share of common stock of the Company (“Common Stock”) in satisfaction of each vested CSPS. For purposes of this Agreement, the cash value of a share of Common Stock (“Cash Value”) will be determined in accordance with the LTI Overview.
Delivery of Award. A. With respect to a Participant who is not eligible for Retirement, within 30 days following the date on which a Granted MSU becomes vested, the Company shall issue to the Participant, subject to applicable withholding as described in Section 7 of this Agreement, one share of common stock of the Company (“Common Stock”) in satisfaction of each vested MSU. B. With respect to a Participant who is or becomes eligible for Retirement at any time during the Vesting Period, the Company shall issue to the Participant, subject to applicable withholding as described in Section 7 of this Agreement, one share of Common Stock in satisfaction of each vested MSU (determined in accordance with Section 2 of this Agreement and Section 10 of the Plan) within 30 days of the earliest of (i) the date the Granted MSU otherwise would have vested under Sections 2.B. and 2.C. of this Agreement or (ii) the date on which a Covered Transaction that satisfies the definition of a “change in control event” under Section 409A occurs. C. If you are a “specified employee” (as defined in Section 409A), you will be paid on the earlier of (i) the date which is six months after you separate from service (within the meaning of Section 409A) or (ii) the date of your death or Disability. The preceding sentence will not apply to any payments that are exempt from or are not subject to the requirements of Section 409A. For the avoidance of doubt, if payments would be made under Section 3.B.(i) or Section 3.B.(ii) before the six month payment date on account of other than your separation from service, such payment will be made under Section 3.B.(i) or Section 3.B.(ii), as applicable.
Delivery of Award. During the period beginning on the first day of the Performance Period and ending on the Vesting Date, the Award will represent only an unfunded and unsecured obligation of the Company. No fractional shares will be delivered.
