Final Issuance. Shares issued or transferred upon vesting of the RSUs shall be issued in whole Shares. Upon the final issuance or transfer of Shares and Retained Distributions, if any, to the Grantee pursuant to this Agreement, in lieu of a fractional Share, the Grantee shall receive a cash payment equal to the Fair Market Value of such fractional Share.
Appears in 5 contracts
Samples: Restricted Stock Units Agreement (Time Inc.), Restricted Stock Units Agreement (Time Inc.), Restricted Stock Units Agreement (Time Inc.)
