Delivery of Shares or Cash. Except as otherwise expressly provided below, as soon as practicable following the applicable Vesting Date (but in no event later than the next regular payroll date of the Company following such Vesting Date), the Company shall issue or transfer to the Participant, or cause to be issued or transferred to the Participant, one share of Common Stock in respect of each RSU that became a Released Unit as of such Vesting Date; provided, however, that in accordance with Section 11(c)(ii) of the Plan, the Committee may, in its sole discretion, elect to pay cash or part cash and part Common Stock in lieu of delivering only shares of Common Stock in respect of Released Units. If a cash payment is made in respect of any RSUs in lieu of delivering shares of Common Stock, the amount of such payment shall be equal to the Fair Market Value of the Common Stock as of the applicable Vesting Date, less an amount equal to all federal, state, local, and non–U.S. income and employment taxes required to be withheld in respect of such RSUs.
Delivery of Shares or Cash. As promptly as practicable after (i) shares of Stock or cash have been determined by the Committee to be payable in accordance with Section 1 of this Agreement in respect of the Performance Shares subject to this Agreement and (ii) Rockwell Automation has been reimbursed for all required withholding taxes in respect of the Stock and/or cash payable in respect of such Performance Shares, and in accordance with the time periods set forth in Section 1 of this Agreement, Rockwell Automation shall deliver to you (or in the event of your death, to your estate or any person who acquires your interest in such Performance Shares by bequest or inheritance) shares of Stock, cash or a combination thereof, as shall be determined by the Committee, in respect of such Performance Shares.
Delivery of Shares or Cash. (a) Within thirty (30) days following the date on which both the time and the performance vesting criteria have been met with respect to PSUs, the Participant shall receive the number of shares of Common Stock that correspond to the number of PSUs that have become vested on the applicable vesting date or, in the sole discretion of the Committee, an amount in cash equal to the Fair Market Value of a share of Common Stock on the date of vesting for each PSU. Whether payment is made in the form of Common Stock or cash, or a combination thereof, shall be determined in the sole discretion of the Committee.
Delivery of Shares or Cash. The following provision supplements Section 4 of this Agreement: Due to exchange control regulations in China, Awards will be settled only in cash and the Participant will not be entitled to Shares when the Restricted Stock Units vest. The cash will be paid through the Participant’s local payroll less any Tax-Related Items.
Delivery of Shares or Cash. The following provision supplements Section 4 of this Agreement: The Participant agrees that Tupperware is authorized, at its discretion, to instruct its designated broker to assist with the sale of the Shares acquired at vesting of the Restricted Stock Units (on the Participant’s behalf pursuant to this authorization and without further consent) should Tupperware determine that such sale is necessary or advisable under local securities law. The Participant expressly authorizes Tupperware’s designated broker to complete the sale of such Shares and acknowledges that Tupperware’s designated broker is under no obligation to arrange for the sale of the Shares at any particular price. Upon the sale of the Shares, Tupperware agrees to pay the Participant the cash proceeds from the sale of the Shares, less any brokerage fees, commissions and Tax-Related Items. The Participant acknowledges that he or she is not aware of any material nonpublic information with respect to Tupperware or any securities of Tupperware as of the date of the Award.
Delivery of Shares or Cash. Upon the vesting of the RSUs, the Company shall issue or transfer to the Participant, or cause to be issued or transferred to the Participant, one share of Common Stock in respect of each RSU that became vested as of such Vesting Date; provided, however, that, if required to comply with applicable law, cash shall be paid in lieu of delivering shares of Common Stock in respect of the vested RSUs and, in any event, the Committee may, in its sole discretion, elect to pay cash or part cash and part Common Stock in lieu of delivering only shares of Common Stock in respect of the vested RSUs. If a cash payment is made in lieu of delivering shares of Common Stock pursuant to this Section 6(a) or Section 3, the amount of such payment shall be equal to the fair market value of the Common Stock (as determined pursuant to the Equity Plan) as of such date less an amount equal to all federal, state, local, and non-U.S. income and employment taxes required to be withheld. Notwithstanding the foregoing provisions of this Section 6 or the applicable provisions of Section 3, in the event that any of the RSUs become vested in connection with a Change in Control (including vesting that occurs upon such a Change in Control following an Anticipatory CIC Termination) which results in the Common Stock no longer being outstanding or publicly traded, the Company shall deliver to the Participant in respect of each RSU the same consideration payable to stockholders of the Company in connection with the transaction constituting the Change in Control.
Delivery of Shares or Cash. As soon as practicable following the Vesting Date (but in no event later than the next regular payroll date of the Company following such Vesting Date), the Company shall issue or transfer to the Participant, or cause to be issued or transferred to the Participant, one share of Common Stock in respect of each PSU that became a Released Unit as of the Vesting Date; provided, however, that in accordance with Section 9(e)(ii) of the Plan, the Committee may, in its sole discretion, elect to pay cash or part cash and part Common Stock in lieu of delivering only shares of Common Stock in respect of Released Units. If a cash payment is made in lieu of delivering shares of Common Stock, the amount of such payment shall be equal to the Fair Market Value of the Common Stock as of the Vesting Date less an amount equal to all federal, state, local, and non-U.S. income and employment taxes required to be withheld.
Delivery of Shares or Cash. Subject to the payment of tax obligations under this Agreement, Tupperware will deliver or cause to be delivered either (a) Shares evidenced by certificates, or, if Tupperware so determines, in book entry form, upon vesting, and will deliver them to the Grantee or Grantee’s transferee (if permitted under the terms of the Plan and this Agreement) free of restrictions, or (b) cash based upon the number of Restricted Stock Units times the closing price on the New York Stock Exchange (“NYSE”) of a share of Common Stock on the date of vesting, or if such date shall not be a business day for the NYSE, then upon the closing price on the immediately-preceding business day of the NYSE.
Delivery of Shares or Cash. (a) The Earned Units shall be settled in Common Shares or, at the discretion of the Committee, an amount in cash equal to the Fair Market Value of the Shares. Except as provided in Subsections (b) and (c), the transfer of Common Shares or the payment of cash shall be made as soon as practicable following the date on which the Committee certifies the attainment of the performance goals with respect to the Performance Period in accordance with Exhibit A, but in any event no later than 2 ½ months following the last day of the calendar year in which the Performance Period ends (the “Settlement Date”).
(b) If prior to the end of the Performance Period, the Participant dies or the Company terminates the Participant’s employment because the Participant is Disabled, the Settlement Date for any Units that vest as provided in Subsection 2(b) shall be as soon as practicable following the date on which the Participant dies or the Participant’s employment terminates, but in no event later than 2 ½ months following the last day of the calendar year in which the Participant dies or the Participant’s employment terminates.
(c) If the Company consummates a Change in Control prior to the end of the Performance Period and (i) the acquirer does not assume this Agreement; or (ii) the acquirer assumes this Agreement and the Participant’s employment with the Company or its successor subsequently is terminated other than for Cause within twelve months following the closing date of the Change of Control, the Settlement Date for any Units that vest as provided in Subsection 2(c) shall be as soon as practicable following the closing date of the Change of Control or the termination of the Participant’s employment, as applicable, but in any event no later than 2 ½ months following the last day of the calendar year in which the Change in Control occurs or the Participant’s employment terminates.
Delivery of Shares or Cash. Within thirty days after the shares of Restricted Stock have vested, the Company at the election of the Committee (a) shall deliver to Grantee certificates for the number of shares of Restricted Stock that have vested pursuant to Sections 2 or (b) pay to the Grantee in cash the Fair Market Value of such shares as of the date of vesting, or (c) deliver to the Grantee a combination of stock and cash.
