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

Form and Time of Settlement of RSUs. Settlement in respect of the RSUs after and to the extent they have become nonforfeitable shall be made in the form of Common Stock via book entry. Such delivery shall be made within ten (10) days following the date that the RSUs become nonforfeitable pursuant to Section 4 or Section 5 hereof.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Amerant Bancorp Inc.), Restricted Stock Unit Agreement (Mercantil Bank Holding Corp)

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Form and Time of Settlement of RSUs. Settlement in respect of the RSUs after and to the extent they have become nonforfeitable shall be made in the form of Common Stock via book entry. Such delivery shall be made within ten (10) days following the date that the RSUs become nonforfeitable pursuant to Section 4 or Section 5 hereof(or if later, the date to which you have deferred settlement of your RSUs pursuant to a valid Deferral Election).

Appears in 1 contract

Samples: Outside Director Restricted Stock Unit Agreement (Lordstown Motors Corp.)

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Form and Time of Settlement of RSUs. Settlement in respect of the RSUs after and to the extent they have become nonforfeitable shall be made in the form of Common Stock via book entry. Such delivery shall be made within ten (10) days following the date that the RSUs become nonforfeitable pursuant to Section 4 or Section 5 hereof. 8.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Amerant Bancorp Inc.)

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