Common use of Immediate Election Clause in Contracts

Immediate Election. You may elect to defer recognition of gain by deferring the payment to you of your RSU award until a date after the RSU award vests by making an election no later than , which is within 30 days of this initial award. Your election can involve all RSU’s granted to you or may be limited to RSU’s that would otherwise vest at one or more of the times identified in the above-referenced vesting schedule. If you elect to defer the payment of an RSU and terminate employment or service prior to the date the RSU is otherwise vested and your termination is not attributable to one of the four events described above, no amount will be payable to you in respect of the RSU. In other words, the election to defer payment of the RSU has no effect on the vesting rules with respect to the RSU. If you elect to defer payment of an RSU but terminate employment and your termination is not attributable to one of the four events described above after the RSU has become vested, the RSU payment will be made to you on the deferred date that you elected. In other words, the payment for the RSU will still be deferred after your termination of employment in accordance with your deferral election unless the termination of employment or service is due to death or Total and Permanent Disablement. If the termination of employment or service is due to death or Total and Permanent Disablement, the payment will be made to you as soon as practicable. The deferral election that can be used with respect to this Immediate Election can be effectuated by completion of the schedule set forth below or similar document: Check if Applicable / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event .

Immediate Election. You may elect to defer recognition of gain by deferring the payment to you of your RSU award until a date after the RSU award vests by making an election no later than , which is within 30 days of this initial award. Your election can involve all RSU’s granted to you or may be limited to RSU’s that would otherwise vest at one or more of the times identified in the above-referenced vesting schedule. If you elect to defer the payment of an RSU and terminate employment or service prior to the date the RSU is otherwise vested and your termination is not attributable to one of the four three events described above, no amount will be payable to you in respect of the RSU. In other words, the election to defer payment of the RSU has no effect on the vesting rules with respect to the RSU. If you elect to defer payment of an RSU but terminate employment and your termination is not attributable to one of the four three events described above after the RSU has become vested, the RSU payment will be made to you on the deferred date that you elected. In other words, the payment for the RSU will still be deferred after your termination of employment in accordance with your deferral election unless the termination of employment or service is due to death or Total and Permanent Disablement. If the termination of employment or service is due to death or Total and Permanent Disablement, the payment will be made to you as soon as practicable. The deferral election that can be used with respect to this Immediate Election can be effectuated by completion of the schedule set forth below or similar document: Check if Applicable / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event .

Immediate Election. You may elect to defer recognition of gain by deferring the payment to you of your RSU award until a date after the RSU award vests by making an election no later than , which is within 30 days of this initial award. Your election can involve all RSU’s granted to you or may be limited to RSU’s that would otherwise vest at one or more of the times identified in the above-referenced vesting schedule. If you elect to defer the payment of an RSU and terminate employment or service prior to the date the RSU is otherwise vested and your termination is not attributable to one of the four events described above, no amount will be payable to you in respect of the RSU. In other words, the election to defer payment of the RSU has no effect on the vesting rules with respect to the RSU. If you elect to defer payment of an RSU but terminate employment and your termination is not attributable to one of the four events described above after the RSU has become vested, the RSU payment will be made to you on the deferred date that you elected. In other words, the payment for the RSU will still be deferred after your termination of employment in accordance with your deferral election unless the termination of employment or service is due to death or Total and Permanent Disablementdisability. If the termination of employment or service is due to death or Total and Permanent Disablementdisability, the payment will be made to you as soon as practicable. The deferral election that can be used with respect to this Immediate Election can be effectuated by completion of the schedule set forth below or similar document: Check if Applicable / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event .

Immediate Election. You may elect to defer recognition of gain by deferring the payment to you of your RSU award until a date after the RSU award vests by making an election no later than , which is within 30 days of this initial award. Your election can involve all RSU’s RSUs granted to you or may be limited to RSU’s RSUs that would otherwise vest at one or more of the times identified in the above-referenced vesting schedule. If you elect to defer the payment of an RSU and terminate employment or service prior to the date the RSU is otherwise vested and your termination is not attributable to one of the four three events described above, no amount will be payable to you in respect of the RSU. In other words, the election to defer payment of the RSU has no effect on the vesting rules with respect to the RSU. If you elect to defer payment of an RSU but terminate employment and your termination is not attributable to one of the four three events described above after the RSU has become vested, the RSU payment will be made to you on the deferred date that you elected. In other words, the payment for the RSU will still be deferred after your termination of employment or service in accordance with your deferral election unless the termination of employment or service is due to death or Total and Permanent Disablement. If the termination of employment or service is due to death or Total and Permanent Disablement, the payment will be made to you as soon as practicable. The deferral election that can be used with respect to this Immediate Election can be effectuated by completion of the schedule set forth below or similar document: Check if Applicable / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event . / / I hereby elect to defer payment in respect of any RSU that would otherwise vest on until the following date or event .