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 10, payment for the RSUs shall be made in form of shares of Common Stock at the time they become nonforfeitable or otherwise become payable in accordance with Sections 3, 4 or 5 hereof. To the extent that the Company is required to withhold any federal, state, local or foreign taxes in connection with the delivery of shares of Common Stock to the Grantee or any other person under this Agreement, and the amounts available to the Company for such withholding are insufficient, it shall be a condition to the receipt of such delivery that the Grantee shall pay such taxes or make arrangements that are satisfactory to the Company for payment thereof. The Grantee may elect to have the number of shares of Common Stock to be delivered to the Grantee or such other person reduced (based on the Market Value Per Share as of the date the 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. In no event, however, shall the Market Value Per Share of the shares of Common Stock to be withheld and/or delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. The Board (or the Compensation Committee) may, at its discretion, adopt any alternative method of providing for taxes to be withheld.

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 10, payment for the RSUs shall will be made in form of shares of Common Stock or cash, at the discretion of Xxxx, at the time they become nonforfeitable or otherwise become payable in accordance with Sections 3, 4 or 5 hereofabove. To the extent that the Company Xxxx is required to withhold any federal, state, local or foreign taxes in connection with the delivery of shares of Common Stock to the Grantee you or any other person under this Agreement, and the amounts available to the Company Xxxx for such withholding are insufficient, it shall will be a condition to the receipt of such delivery that the Grantee shall you will pay such taxes or make arrangements that are satisfactory to the Company Xxxx for payment thereof. The Grantee You may elect to have the number of shares of Common Stock to be delivered to the Grantee you or such other person reduced (based on the Market Value Per Share as of the date the 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. In no event, however, shall will the Market Value Per Share of the shares of Common Stock to be withheld and/or delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. The Board (or the Compensation Committee) may, at its discretion, adopt any alternative method of providing for taxes to be withheld.

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 108, payment for the RSUs shall be made in form of shares of Common Stock at on the time date they become nonforfeitable or otherwise become payable in accordance with Sections 3Section 2, Section 3 or Section 4 or 5 hereof. To the extent that the Company is required to withhold any federal, state, local or foreign taxes in connection with the delivery of shares of Common Stock to the Grantee or any other person under this Agreement, and the amounts available to the Company for such withholding are insufficient, it shall be a condition to the receipt of such delivery or any future delivery that the Grantee shall pay such taxes or make arrangements that are satisfactory to the Company for payment thereof. The Grantee may elect to have the number of shares of Common Stock to be delivered to the Grantee or such other person reduced (based on the Market Value Per Share as of the date the 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. In no event, however, shall the Market Value Per Share of the shares of Common Stock to be withheld and/or delivered pursuant to this Section 5 to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. The Board (or the Compensation Committee) may, at its discretion, adopt any alternative method of providing for taxes to be withheld. Elections to defer receipt of the Shares beyond the date of payment provided herein may be permitted in the discretion of the Board pursuant to procedures established by the Board in compliance with the requirements of Section 409A of the Code.

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 10, payment for the RSUs shall will be made in form of shares of Common Stock or cash, at the discretion of Xxxx, at the time they become nonforfeitable or otherwise become payable in accordance with Sections 3, 4 or 5 hereofabove. To the extent that the Company Xxxx is required to withhold any federal, state, local or foreign taxes in connection with the delivery of shares of Common Stock to the Grantee you or any other person under this Agreement, and the amounts available to the Company Xxxx for such withholding are insufficient, it shall will be a condition to the receipt of such delivery that the Grantee shall you will pay such taxes or make arrangements that are satisfactory to the Company Xxxx for payment thereof. The Grantee You may elect to have the number of shares of Common Stock to be delivered to the Grantee you or such other person reduced (based on the Market Value Per Share as of the date the 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. In no event, however, shall will the Market Value Per Share of the shares of Common Stock to be withheld and/or delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. The Board (or the Compensation Committee) may, at its discretion, adopt any alternative method of providing for taxes to be withheld.

Form and Time of Payment of RSUs. Except as otherwise provided for in Section 10, payment for the RSUs shall will be made in form of shares of Common Stock or cash, at the discretion of Dxxx, at the time they become nonforfeitable or otherwise become payable in accordance with Sections 3, 4 or 5 hereofabove. To the extent that the Company Dxxx is required to withhold any federal, state, local or foreign taxes in connection with the delivery of shares of Common Stock to the Grantee you or any other person under this Agreement, and the amounts available to the Company Dxxx for such withholding are insufficient, it shall will be a condition to the receipt of such delivery that the Grantee shall you will pay such taxes or make arrangements that are satisfactory to the Company Dxxx for payment thereof. The Grantee You may elect to have the number of shares of Common Stock to be delivered to the Grantee you or such other person reduced (based on the Market Value Per Share as of the date the 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. In no event, however, shall will the Market Value Per Share of the shares of Common Stock to be withheld and/or delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. The Board (or the Compensation Committee) may, at its discretion, adopt any alternative method of providing for taxes to be withheld.