Common use of Delivery of Shares upon Vesting Clause in Contracts

Delivery of Shares upon Vesting. Upon the vesting of each Restricted Stock Unit subject to this Agreement, Participant will be entitled to receive a share of Common Stock (as defined in the Plan). Subject to Section 2(f) herein, the delivery of shares of Common Stock under this Plan upon vesting of Restricted Stock Units shall be made on or as soon as reasonably practical following the applicable date of vesting, but in any event within sixty (60) days of the applicable date of vesting.

Appears in 2 contracts

Samples: Employee Restricted Stock Unit Award (CST Brands, Inc.), Restricted Stock Unit Award Agreement (CST Brands, Inc.)

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Delivery of Shares upon Vesting. Upon the vesting of each Restricted Stock Unit subject to this Agreement, Participant will be entitled to receive a newly-issued share of Common Stock (as defined in the Plan). Subject to Section 2(f) herein, the delivery of shares of Common Stock under this Plan upon vesting of Restricted Stock Units shall be made on or as soon as reasonably practical following the applicable date of vesting, but in any event within sixty (60) days of the applicable date of vesting.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (CST Brands, Inc.)

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Delivery of Shares upon Vesting. Upon the vesting of each Restricted Stock Unit subject to this RSU Agreement, Participant will be entitled to receive a share of Common Stock (as defined in the Plan). Subject to Section 2(f) herein, the delivery of shares of Common Stock under this Plan upon vesting of Restricted Stock Units shall be made on or as soon as reasonably practical following the applicable date of vesting, but in any event within sixty (60) days of the applicable date of vesting.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (CST Brands, Inc.)

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