Delivery of Shares/Payment. Except as set forth in paragraph 5 below, when all or any portion of the Performance Stock Units have become vested in accordance with paragraph 3 of this Vesting Schedule, the Company shall deliver to the Grantee (or his or her beneficiary in the event of death) on the Early Payment Date or the Final Payment Date, as applicable, a certificate representing the appropriate number of Shares (which will be unrestricted) or, if determined by the Company, other evidence of the Shares’ registration in book-entry form. In lieu of any fractional Share, the Company shall pay the Grantee an amount in cash equal to such fraction multiplied by the Fair Market Value of a Share determined as of the date of vesting.
Delivery of Shares/Payment. Except as otherwise provided in Section 2 or Section 6, II-VI shall cause a stock certificate representing shares of II-VI Common Stock equal to the number of Restricted Share Units vested and payable as determined under Section 2 to be issued to Recipient on the third anniversary of the Grant Date (or as soon as administratively practicable thereafter, but in no event later than the 30th day following such date). Any payments due on account of Recipient’s death shall be paid to the Recipient’s estate.
Delivery of Shares/Payment. On the Effective Date, (i) the Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to an account designated by the Seller and (ii) the Seller shall execute and deliver the instruction letter attached hereto as Exhibit A.
Delivery of Shares/Payment. Except as otherwise provided in Section 2 or Section 4, Coherent shall cause a stock certificate (or equivalent electronic book entry) representing Shares equal to the number of Restricted Share Units vested and payable under this Agreement to be issued to the Recipient on the applicable vesting date specified in the schedule in Section 2 or on such other date as specified under this Agreement (or as soon as administratively practicable thereafter, but in no event later than the seventy-fifth (75th) calendar day following such applicable vesting date). Notwithstanding the foregoing, the Company, at its sole discretion, may settle the Award in cash if necessary or appropriate for legal or administrative reasons based on laws in the Recipient’s jurisdiction. If the Restricted Share Units are settled in cash, Coherent shall pay to the Recipient an amount in cash equal to the product of (a) the number of Restricted Share Units vested and payable on the applicable vesting date specified in the schedule in Section 2 and (b) the Fair Market Value on such applicable vesting date, with such cash payment being made within the time period specified in this Section 5. In the event of the death of the Recipient, delivery of the applicable form of consideration set forth in this Section 5 shall be made to the Recipient’s estate.
Delivery of Shares/Payment. On the Settlement Date, the Investor shall cause payment to be made to the Company's designated account by wire transfer of immediately available funds. Upon receipt of the funds or, at the Company's discretion, upon the receipt of a wire confirmation, the Company shall deliver the Shares purchased by the Investor to the Investor exclusively via restricted book entry in an account held by the Investor at the Company's transfer agent.
Delivery of Shares/Payment. Except as otherwise provided in Section 2 or Section 4, II-VI shall cause a stock certificate (or equivalent electronic book entry) representing Shares equal to the number of Restricted Share Units vested and payable under this Agreement to be issued to the Recipient on the third anniversary of the Grant Date (or as soon as administratively practicable thereafter, but in no event later than the 75th day following such date). In the event that the Committee determines that the Restricted Share Units shall be settled in cash, II-VI shall pay to the Recipient an amount in cash equal to the product of (a) the number of Restricted Share Units set forth in the Summary of Award and (b) the Fair Market Value on the third anniversary of the Grant Date. In the event of the death of the Recipient, delivery of the applicable form of consideration set forth in this Section 5 shall be made to the Recipient’s estate.
Delivery of Shares/Payment. Raptor shall deliver a certificate registered in the name of Mabwe Z evidencing the Shares in exchange for a certificate from Mabwe Z in the name of Mabwe for 49% of the total equity of Mabwe Z, on a fully diluted basis.
Delivery of Shares/Payment. Except as otherwise provided in Section 2 or Section 4, II-VI shall cause a stock certificate (or equivalent electronic book entry) representing Shares equal to the number of Restricted Share Units vested and payable under this Agreement to be issued to the Recipient on the applicable vesting date specified in the schedule in Section 2 (or as soon as administratively practicable thereafter, but in no event later than the seventy-fifth (75th) calendar day following such applicable vesting date). Notwithstanding the foregoing, the Company, at its sole discretion, may settle the Award in cash if necessary or appropriate for legal or administrative reasons based on laws in the Recipient’s jurisdiction. If the Restricted Share Units are settled in cash, II-VI shall pay to the Recipient an amount in cash equal to the product of (a) the number of Restricted Share Units vested and payable on the applicable vesting date IIVI RSU Shares 111618 specified in the schedule in Section 2 and (b) the Fair Market Value on such applicable vesting date, with such cash payment being made within the time period specified in this Section 5. In the event of the death of the Recipient, delivery of the applicable form of consideration set forth in this Section 5 shall be made to the Recipient’s estate.
Delivery of Shares/Payment. At the Closing, Buell shall deliver to HIG certificates representing the Acquired Stock, accompanied by duly executed stock powers transferring the Acquired Stock to HIG. HIG shall deliver to Buell Two Hundred Thousand and No/100 Dollars ($200,000.00) in cash at the Closing and Three Million Three Hundred Thousand and No/100 Dollars ($3,300,000.00) on January 3, 2003; however, the Initial Payments shall be reduced, if applicable, through a refund to HIG following Closing, in accordance with Section 1.5. Buell may direct HIG to deliver a portion of the Purchase Price to certain third parties for fees, expenses, costs or other obligations arising out of or in connection with the transactions contemplated in this Agreement.
Delivery of Shares/Payment. On the First Stock Subscription Closing Date (as defined below), the Company will deliver certificates evidencing the First Purchased Shares and the CM Warrants for the account of the WAT Trustee against delivery to the Company of (w) payment by the WAT Trustee of the First Cash Purchase Price by wire transfer, in lawful money of the United States of America in Federal or in other immediately available funds (or by such other means as may be agreed to by the Company), to such bank account of the Company as the Company shall designate to the WAT Trustee and WAM, for immediate credit to the Company, (x) the issuance by WAM of one WAT Common Warrant for each share of Class B-2 Common Stock (after giving effect to the Stock Split) issued by the Company to, or retained by, the International Investors registered in the name of the Company or such person(s) as shall be designated by the Company, and (y) the issuance by WAM of one WAT Special Warrant for each share of Preferred Stock issued by the Company to the Institutional Investors registered in the name of the Company or such person(s) as shall be designated by the Company. The subscription for stock provided for in this Section 1.2(a) is hereinafter referred to as the "First Stock Subscription." The closing of the First Stock Subscription is hereinafter referred to as the "First Stock Subscription Closing" and the date such closing shall occur, as the "First Stock Subscription Closing Date".
