We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Expiration of Restriction Period Clause in Contracts

Expiration of Restriction Period. Upon the lapse or expiration of the Restriction Period with respect to any Units, the Corporation shall promptly pay Employee the cash value of such units, such value to be calculated on the basis of the value of Viad common stock on the date that the Restriction Period lapses or expires (reduced to the extent provided in paragraph 4(a) in the event of early or normal retirement). To the extent permissible under applicable tax, securities, and other laws, the Corporation will permit Employee to satisfy a tax withholding requirement by directing the Corporation to apply Units to which Employee is entitled as a result of termination of the Restricted Period with respect to any Units of Restricted Stock, in such manner as the Corporation shall choose in its discretion to satisfy such requirement.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (Viad Corp), Restricted Stock Units Agreement (Viad Corp), Restricted Stock Units Agreement (Viad Corp)

Expiration of Restriction Period. Upon the lapse or expiration of the Restriction Period with respect to any Earned Units, the Corporation shall promptly pay Employee the cash value of such units, such value to be calculated on the basis of the value of Viad common stock on the date that the Restriction Period lapses or expires (reduced to the extent provided in paragraph 4(a) in the event of early or normal retirement). To the extent permissible under applicable tax, securities, and other laws, the Corporation will permit Employee to satisfy a tax withholding requirement by directing the Corporation to apply Units payments to which Employee is entitled as a result of termination of the Restricted Period with respect to any Units of Restricted StockUnits, in such manner as the Corporation shall choose in its discretion to satisfy such requirement.

Appears in 1 contract

Samples: Performance Based Restricted Stock Units Agreement (Viad Corp)

Expiration of Restriction Period. (a) Upon the lapse or expiration of the Restriction Period with respect to any Units, the Corporation shall promptly pay Employee the cash value of such units, such value to be calculated on the basis of the value of Viad common stock on the date that the Restriction Period lapses or expires (reduced to the extent provided in paragraph 4(a) in the event of early or normal retirement). . (b) To the extent permissible under applicable tax, securities, and other laws, the Corporation will permit Employee to satisfy a tax withholding requirement by directing the Corporation to apply Units to which Employee is entitled as a result of termination of the Restricted Period with respect to any Units of Restricted Stock, in such manner as the Corporation shall choose in its discretion to satisfy such requirement.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Viad Corp)