Common use of Entitlement to Shares Clause in Contracts

Entitlement to Shares. As soon as practicable and within 60 days following each applicable Vesting Date (as defined below) (or such earlier date provided in Section 8) in connection with the PRSUs, the Company shall deliver to the Employee, in such manner as the Company shall determine, a number of shares of Common Stock equal to the number of vested PRSUs (subject to reduction for withholding of the Employee’s taxes in relation to the award as described in Section 10); provided that any fractional shares shall be delivered in the form of cash equal to the value of such fractional shares on the applicable Vesting Date.

Appears in 5 contracts

Samples: Performance Restricted Stock Unit Award Agreement (CONDUENT Inc), Performance Restricted Stock Unit Award Agreement (CONDUENT Inc), Performance Restricted Stock Unit Award Agreement (CONDUENT Inc)

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Entitlement to Shares. As soon as practicable and within 60 days following each applicable the Vesting Date (as defined below) (or such earlier date provided in Section 8) in connection with the PRSUs, the Company shall deliver to the Employee, in such manner as the Company shall determine, a number of shares of common stock of the Company (“Common Stock Stock”) equal to the number of vested PRSUs as determined pursuant to Section 3 (subject to reduction for withholding of the Employee’s taxes in relation to the award as described in Section 10); provided that any fractional shares shall be delivered in the form of cash equal to the value of such fractional shares on the applicable Vesting Date.

Appears in 4 contracts

Samples: Performance Restricted Stock Unit Award Agreement (CONDUENT Inc), Performance Restricted Stock Unit Award Agreement (CONDUENT Inc), Performance Restricted Stock Unit Award Agreement (CONDUENT Inc)

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Entitlement to Shares. As soon as practicable and within 60 days following each applicable Vesting Date (as defined below) (or such earlier date provided in Section 8) 9) in connection with the PRSUs, the Company shall deliver to the Employee, in such manner as the Company shall determine, a number of shares of Common Stock equal to the number of vested PRSUs (subject to reduction for withholding of the Employee’s taxes in relation to the award as described in Section 1011); provided that any fractional shares shall be delivered in the form of cash equal to the value of such fractional shares on the applicable Vesting Date.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (CONDUENT Inc)

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