Common use of Issuance of Shares of Stock Clause in Contracts

Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below, as soon as reasonably practicable following the date upon which Units vest (such date, the “Settlement Date”) (but in no event later than March 15th of the calendar year following the calendar year in which such vesting occurs), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 6 contracts

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp), Employment Agreement (MAGNACHIP SEMICONDUCTOR Corp), Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

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Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below, as soon as reasonably practicable following the date upon which Units vest (such date, the “Settlement Date”) (but in no event later than March 15th of the calendar year of following the calendar year in which such vesting occursthe Units vest), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp), Employment Agreement (MAGNACHIP SEMICONDUCTOR Corp), Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below, as soon as reasonably practicable following the date upon which Units vest satisfy the vesting conditions (such date, the “Settlement Date”) (but in no event later than March 15th of the calendar year following the calendar year in which such vesting occursthe Units vest), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Securities Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 3 contracts

Samples: Performance Based Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp), Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp), Performance Based Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below7.3, as soon as reasonably practicable following the date upon which Units vest satisfy the vesting conditions (such date, the “Settlement Date”) (but in no event later than March 15th of the calendar year following the calendar year in which such vesting occursthe Units vest), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Securities Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp), Performance Based Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below7.3, as soon as reasonably practicable following the date upon which Units vest satisfy the vesting conditions (such date, the “Settlement Date”) (but Date”)(but in no event later than March 15th of the calendar year following the calendar year in which such vesting occursthe Units vest), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Securities Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below7.3, as soon as reasonably practicable following the date upon which Units vest (such date, the “Settlement Date”) (but Date”)(but in no event later than March 15th of the calendar year following the calendar year in which such vesting occursthe Units vest), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Securities Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

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Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below, as soon as reasonably practicable following the date upon which Units vest (such date, the “Settlement Date”) (but in no event later than March 15th of the calendar year following the calendar year in which such vesting occurs), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Securities Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below7.3, as soon as reasonably practicable following the date upon which Units vest (such date, the “Settlement Date”) (but Date”)(but in no event later than March 15th of the calendar year following the calendar year in which such vesting occurs), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Securities Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Issuance of Shares of Stock. Subject to the provisions of Section 7.3 below, as soon as reasonably practicable following the date upon which Units vest (such date, the “Settlement Date”) (but in no event later than March 15th of the calendar year following the calendar year in which such vesting occursthe Units vest), the Company shall issue to the Participant with respect to each such Vested Unit one (1) share of Stock. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 7.3, Section 7 or the Company’s Securities Trading Compliance Policy or any stock ownership guidelines or holding period guidelines established by the Board from time to time.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

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