Form and Timing of Settlement. (a) As soon as practicable following each Settlement Date, the Company shall settle the Units that vested on such Settlement Date by issuing to the Participant the number of shares of Common Stock equal to the aggregate number of Units that vested on such Settlement Date and the Participant shall thereafter have all the rights of a stockholder of the Company with respect to such shares. No payment will be made hereunder for a fractional Unit, and any fractional Unit subject hereto on a Settlement Date will be disregarded.
Appears in 6 contracts
Samples: Restricted Stock Unit Award Agreement (CIFC Corp.), Restricted Stock Unit Award Agreement (CIFC Corp.), Restricted Stock Unit Award Agreement (CIFC Corp.)
Form and Timing of Settlement. (a) As soon as practicable following each Settlement Date (and in no event later than 30 days after the Settlement Date), the Company shall settle the Units that vested on such Settlement Date by issuing to the Participant the number of shares of Common Stock equal to the aggregate number of Units that vested on such Settlement Date and the Participant shall thereafter have all the rights of a stockholder of the Company with respect to such shares. No payment will be made hereunder for a fractional Unit, and any fractional Unit subject hereto on a Settlement Date will be disregardedforfeited.
Appears in 4 contracts
Samples: Restricted Stock Unit Award Agreement (CIFC Corp.), 2011 Stock Option and Incentive Plan (CIFC Corp.), Restricted Stock Unit Award Agreement (CIFC Corp.)
