Common use of Distribution of Shares of Common Stock Clause in Contracts

Distribution of Shares of Common Stock. As soon as practical after Restricted Stock Units vest, shares of Common Stock, equal to the number of vested Restricted Stock Units reflected in your Restricted Stock Unit Account, shall be distributed to you (or your beneficiary(ies) or personal representative, if you are deceased). Distributions shall be made in shares of Common Stock, with fractional shares rounded up to the nearest whole share.

Appears in 8 contracts

Samples: Restricted Stock Unit Agreement (Aegion Corp), Restricted Stock Unit Agreement (Aegion Corp), Restricted Stock Unit Agreement (Aegion Corp)

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