Fractional Units and Shares. The number of Units credited to Employee’s Account shall include fractional Units calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 29 contracts
Samples: Restricted Stock Units Agreement (Gleacher & Company, Inc.), Restricted Stock Units Agreement (Gleacher & Company, Inc.), Restricted Stock Units Agreement (Gleacher & Company, Inc.)
Fractional Units and Shares. The number of Units credited to Employee’s Account shall include fractional Units Units, if any, calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 6 contracts
Samples: u.s. Restricted Stock Units Agreement (International Flavors & Fragrances Inc), u.s. Restricted Stock Units Agreement (Spectrum Group International, Inc.), u.s. Restricted Stock Units Agreement (International Flavors & Fragrances Inc)
Fractional Units and Shares. The number of Units credited to Employee’s Account shall include fractional Units calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 2 contracts
Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)
Fractional Units and Shares. The number of Units credited to Employee’s Account shall include fractional Units calculated to at least three two decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon Upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Service Vested Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)
Fractional Units and Shares. The number of Units credited to Employee’s your Account shall include fractional Units calculated to at least three two decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon Upon settlement of the Units Employee you shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Performance Based Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)
Fractional Units and Shares. The number of Units credited to Employee’s 's Account shall include fractional Units calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 2 contracts
Samples: Restricted Stock Units Agreement (Broadpoint Securities Group, Inc.), Restricted Stock Units Agreement (Jefferies Group Inc /De/)
Fractional Units and Shares. The number of Units credited to Employee’s Account shall include fractional Units calculated to at least three decimal places, places unless otherwise determined by the Committee. Unless settlement is effected through a broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 2 contracts
Samples: Inducement Restricted Stock Units Agreement (Gleacher & Company, Inc.), Inducement Restricted Stock Units Agreement (Gleacher & Company, Inc.)
Fractional Units and Shares. The number of Units credited to Employee’s your Account shall include fractional Units calculated to at least three two decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share by the Company), upon Upon settlement of the Units Employee Units, you shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 2 contracts
Samples: Service Vested Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Service Vested Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)
Fractional Units and Shares. The number of Units credited to Employee’s 's Account shall include fractional Units calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share Share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share Share that would have otherwise been deliverable in settlement of such Units.
Appears in 1 contract
Samples: Performance Units Agreement (New Jersey Resources Corp)
Fractional Units and Shares. The number of Units credited to Employee’s 's Account shall include fractional Units calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate accomodate fractional shares (without requiring issuance of a fractional share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such Units.
Appears in 1 contract
Samples: Stock Unit Agreement (International Flavors & Fragrances Inc)
Fractional Units and Shares. The number of Units credited to Employee’s 's Account shall include fractional Units calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a broker or agent that can accommodate fractional shares Shares (without requiring issuance of a fractional share Share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share Share that would have otherwise been deliverable in settlement of such Units.
Appears in 1 contract
Samples: Restricted Stock Units Agreement (Broadpoint Securities Group, Inc.)
Fractional Units and Shares. The number of Units credited to Employee’s Account shall include fractional Units calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional shares (without requiring issuance of a fractional share Share by the Company), upon settlement of the Units Employee shall be paid, in cash, an amount equal to the value of any fractional share Share that would have otherwise been deliverable in settlement of such Units.
Appears in 1 contract
Samples: Performance Units Agreement (New Jersey Resources Corp)
