Common use of Delivery of Shares or Cash Clause in Contracts

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. 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 any 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. Except as otherwise expressly provided below, as 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 PSU that became a Released Unit as of such the Vesting Date, except as otherwise provided in Section 5 hereof; provided, however, that in accordance with Section 11(c)(ii9(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 respect of any RSUs in lieu of delivering shares of Common StockStock or pursuant to Section 5 hereof, the amount of such payment shall be equal to the Fair Market Value of the Common Stock as of the applicable Vesting Date, 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 RSUswithheld.