Common use of Delivery of the Common Shares Clause in Contracts

Delivery of the Common Shares. Subject to Section 2(d) below, upon the lapse of the Period of Restriction, each Restricted Unit that vests shall be converted into the right to receive a Common Share to the extent Common Shares remain available for issuance under the Plan. Each remaining Restricted Unit that vests shall be converted into the right to receive in cash the Fair Market Value of a Common Share. The Company will deliver to the Participant a Common Share or the Fair Market Value of a Common Share, as applicable, for each such Unit on the applicable date of the lapse of the Period of Restriction or as soon as practicable (and in all events within 74 days) thereafter. The form of delivery of Common Shares (e.g., a share certificate or electronic entry evidencing such shares) shall be determined by the Company.