Common use of Form and Time of Payment of RSUs Clause in Contracts

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 12, payment shall be made in the form of the Corporation’s Common Shares at the time they become nonforfeitable in accordance with Section 3, 4 or 5 hereof. To the extent that the Corporation is required to withhold federal, state, local or foreign taxes in connection with the delivery of Common Shares to the Grantee or any other person under this Agreement, the number of Common Shares to be delivered to the Grantee or such other person shall be reduced (based on the Market Value per Share as of the date the RSU’s become payable) to provide for the taxes required to be withheld, with any fractional shares that would otherwise be delivered being rounded up to the next nearest whole share. The Committee may, at its discretion, adopt any alternative method of providing for taxes required to be withheld.

Appears in 3 contracts

Samples: Rsu Agreement (Diebold Inc), Rsu Agreement (Diebold Inc), Rsu Agreement (Diebold Inc)

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Form and Time of Payment of RSUs. Except as otherwise provided for in Section 129, payment for the RSUs shall be made in the form of the Corporation’s Common Shares at the time they become nonforfeitable in accordance with Section 32, Section 3 or Section 4 or 5 hereof. To the extent that the Corporation Company is required to withhold federal, state, local or foreign taxes in connection with the delivery of Common Shares to the Grantee or any other person under this Agreement, the number of Common Shares to be delivered to the Grantee or such other person shall be reduced (based on the Market Value per Share as of the date the RSU’s RSUs become payable) to provide for the taxes required to be withheld, with any fractional shares that would otherwise be delivered being rounded up to the next nearest whole share. The Committee Board (or a committee of the Board) may, at its discretion, adopt any alternative method of providing for taxes required to be withheld.

Appears in 2 contracts

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

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 12, payment shall be made in the form of the Corporation’s Common Shares at the time they become nonforfeitable in accordance with Section 3, 4 or 5 hereof. To the extent that the Corporation is required to withhold federal, state, local or foreign taxes in connection with the delivery of Common Shares to the Grantee Participant or any other person under this Agreement, the number of Common Shares to be delivered to the Grantee Participant or such other person shall be reduced (based on the Market Value per Share as of the date the RSU’s RSUs become payable) to provide for the taxes required to be withheld, with any fractional shares that would otherwise be delivered being rounded up to the next nearest whole share. The Committee may, at its discretion, adopt any alternative method of providing for taxes required to be withheld.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Diebold Inc)

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 12, payment shall be made in the form of the Corporation’s Common Shares at the time or times they become nonforfeitable in accordance with Section 3, 4 or 5 hereof. To the extent that the Corporation is required to withhold federal, state, local or foreign taxes in connection with the delivery of Common Shares to the Grantee Participant or any other person under this Agreement, the number of Common Shares to be delivered to the Grantee Participant or such other person shall be reduced (based on the Market Value per Share as of the date the RSU’s such RSUs become payable) to provide for the taxes required to be withheld, with any fractional shares that would otherwise be delivered being rounded up to the next nearest whole share. The Committee may, at its discretion, adopt any alternative method of providing for taxes required to be withheld.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Diebold Inc)

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Form and Time of Payment of RSUs. Except as otherwise provided for in Section 129, payment for the RSUs shall be made in the form of the Corporation’s Common Shares at the time they become nonforfeitable in accordance with Section 32, Section 3 or Section 4 or 5 hereof. To the extent that the Corporation Company is required to withhold federal, state, local or foreign taxes in connection with the delivery of Common Shares to the Grantee or any other person under this Agreement, the number of Common Shares to be delivered to the Grantee or such other person shall be reduced (based on the Market Value per Share as of the date the RSU’s RSUs become payable) to provide for the taxes required to be withheld, with any fractional shares that would otherwise be delivered being rounded up to the next nearest whole share. The Committee Board (or a committee of the Board) may, at its discretion, adopt any alternative method of providing for taxes required to be withheld.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Usg Corp)

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 12, payment shall be made in the form of the Corporation’s Common Shares at the time they become nonforfeitable in accordance with Section 3, 4 or 5 hereof. To the extent that the Corporation is required to withhold federal, state, local or foreign taxes in connection with the delivery of Common Shares to the Grantee or any other person under this Agreement, the number of Common Shares to be delivered to the Grantee or such other person shall be reduced (based on the Market Value per Share as of the date the RSU’s RSUs become payable) to provide for the taxes required to be withheld, with any fractional shares that would otherwise be delivered being rounded up to the next nearest whole share. The Committee may, at its discretion, adopt any alternative method of providing for taxes required to be withheld.

Appears in 1 contract

Samples: Rsu Agreement (Diebold Inc)

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