Common use of Form and Timing of Payment Clause in Contracts

Form and Timing of Payment. The Award of RSUs represents the right to receive a number of Shares equal to the number of RSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance of any Shares underlying the RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, any RSUs that vest in accordance with Sections 2 and 4 will be paid to the Participant in whole Shares on the earlier of (i) the first day of the seventh month following the Participant’s separation from service as an Eligible Director, or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day). The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b)

Form and Timing of Payment. The Award of RSUs represents the right to receive a number of Shares equal to the number of RSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance of any Shares underlying the RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, any RSUs that vest in accordance with Sections 2 and 4 will be paid to the Participant in whole Shares on the earlier of (i) the first day of the seventh month following the Participant’s separation from service as an Eligible Director, or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day). The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs PSUs have vested in the manner set forth in Sections 2 and 4herein, the Participant shall have no right to payment of any such RSUsPSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 and 4 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares will be paid to the Participant in whole Shares on (and related Dividend Equivalent Rights will also be paid) as soon as practicable (but in any event within 90 days) following the earlier of (i) the first day fifth anniversary of the seventh month following commencement date of the Performance Period (the “Commencement Date”), and such payment shall not be conditioned on continuation of the Participant’s separation from service as active employment with the Company or an Eligible Director, or (ii) Subsidiary following the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b)

Form and Timing of Payment. The Award of RSUs represents the right to receive a number of Shares equal to the number of RSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance of any Shares underlying the RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, any RSUs that vest in accordance with Sections 2 and 4 will be paid to the Participant in whole Shares on the earlier of (i) the first day of the seventh month following payment date specified in Section I above (the Participant’s separation from service as an Eligible Director“Payment Date”), or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day). The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs PSUs have vested in the manner set forth in Sections 2 and 4herein, the Participant shall have no right to payment of any such RSUsPSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 and 4 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares will be paid to the Participant in whole Shares on (and related Dividend Equivalent Rights will also be paid) as soon as practicable (but in any event within 90 days) following the earlier of (i) the first day fifth anniversary of the seventh month following commencement date of the Performance Period (the “Commencement Date”), and such payment shall not be conditioned on continuation of the Participant’s separation from service as active employment with the Company or an Eligible Director, or (ii) Subsidiary following the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares (and 4 related Dividend Equivalent Rights) will be paid to the Participant in whole Shares on as soon as practicable (but in any event within 90 days) following the earlier of (i) the first day fifth anniversary of the seventh month following commencement date of the Performance Period (the “Commencement Date”), and such payment shall not be conditioned on continuation of the Participant’s separation from service as active employment with the Company or an Eligible Director, or (ii) Subsidiary following the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares (and 4 related Dividend Equivalent Rights) will be paid to the Participant in whole Shares on as soon as practicable (but in any event within 90 days) following the earlier of (i) the first day fifth anniversary of the seventh month commencement date of the Performance Period (the “Commencement Date”), and such payment shall not be conditioned on continuation of Participant’s active employment with the Company or an Eligible Subsidiary following the Participant’s separation from service as an Eligible Director, or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs PSUs have vested in the manner set forth in Sections 2 and 4herein, the Participant shall have no right to payment of any such RSUsPSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 and 4 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares will be paid to the Participant in whole Shares on the earlier of (iand related Dividend Equivalent Rights will also be paid) the first day of the seventh month as soon as practicable (but in any event within 90 days) following the Participant’s separation from service as an Eligible Director, or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs PSUs have vested in the manner set forth in Sections 2 and 4herein, the Participant shall have no right to payment of any such RSUsPSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares (and 4 related Dividend Equivalent Rights) will be paid to the Participant in whole Shares on as soon as practicable (but in any event within 90 days) following the earlier of (i) the first day fifth anniversary of the seventh month following commencement date of the Performance Period (the “Commencement Date”), and such payment shall not be conditioned on continuation of the Participant’s separation from service as active employment with the Company or an Eligible Director, or (ii) Subsidiary following the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs Each RSU represents the right to receive a number one Share of Shares equal to Common Stock of the number of RSUs that vest pursuant to the Vesting ConditionsCompany. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance payment of any Shares underlying the vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, any RSUs that vest in accordance with Sections 2 and 4 will be paid to the Participant in whole Shares on the earlier of (i) the first day of the seventh month following the Participant’s separation from service as an Eligible Director, or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day). The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 and 4 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares will be paid to the Participant in whole Shares on as soon as practicable (but in any event within 90 days) following the earlier of (i) the first day fourth anniversary of the seventh month following commencement date of the Performance Period (the “Commencement Date”), and such payment shall not be conditioned on continuation of the Participant’s separation from service as active employment with the Company or an Eligible Director, or (ii) Subsidiary following the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs Each RSU represents the right to receive a number one Share of Shares equal to Common Stock of the number of RSUs that vest pursuant to the Vesting ConditionsCompany. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance payment of any Shares underlying the vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, any RSUs that vest in accordance with Sections 2 and 4 will be paid to the Participant in whole Shares on the earlier of (i) the first day of the seventh month following the Participant’s separation from service as an Eligible Director, or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day). The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).

Form and Timing of Payment. The Award of RSUs PSUs represents the right to receive a number of Shares equal to the number of RSUs PSUs that vest pursuant to the Vesting ConditionsCondition. Unless and until the RSUs PSUs have vested in the manner set forth in Sections 2 and 4herein, the Participant shall have no right to payment of any such RSUsPSUs. Prior to actual issuance of any Shares underlying the RSUsPSUs, such RSUs PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and this Agreement, with respect to any RSUs PSUs that vest in accordance with Sections 2 and 4 this Agreement (other than in cases where the Participant dies during employment, which is addressed in Section 4(b) below), the underlying Shares will be paid to the Participant in whole Shares on (and related Dividend Equivalent Rights will also be paid) as soon as practicable (but in any event within 90 days) following the earlier of (i) the first day fifth anniversary of the seventh month following commencement date of the Performance Period (the “Commencement Date”), and such payment shall not be conditioned on continuation of the Participant’s separation from service as active employment with the Company or an Eligible Director, or (ii) Subsidiary following the Participant’s date of death (or in each case the next business day thereafter if such date is not a business day)Certification Date. The Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable action in order to comply with any such rules or regulations. (b).