Mechanics of Settlement. On each Settlement Date, the Company shall electronically issue to the Participant one whole share of Company Common Stock for each Restricted Stock Unit that then became vested (except as provided in Section 6(a)), and, upon such issuance, the Participant’s rights in respect of such Restricted Stock Unit shall be extinguished. In the event that there are any fractional Restricted Stock Units that became vested on such date, such fractional Restricted Stock Units shall be settled through a cash payment equal to the portion of Restricted Stock Unit multiplied by the Fair Market Value of the Company Common Stock on such Settlement Date. No fractional shares of Company Common Stock shall be issued.
Appears in 3 contracts
Samples: Employment Agreement (Core & Main, Inc.), Participant Restricted Stock Unit Agreement (Core & Main, Inc.), Participant Restricted Stock Unit Agreement (Core & Main, Inc.)
Mechanics of Settlement. On each the Settlement Date, the Company shall electronically issue to the Participant Director one whole share of Company Common Stock for each Restricted Stock Unit that then became vested (except as provided in Section 6(a)), and, upon such issuance, the ParticipantDirector’s rights in respect of such Restricted Stock Unit shall be extinguished. In the event that there are any fractional Restricted Stock Units that became vested on such date, such fractional Restricted Stock Units shall be settled through a cash payment equal to the portion of Restricted Stock Unit multiplied by the Fair Market Value of the Company Common Stock on such the Settlement Date. No fractional shares of Company Common Stock shall be issued.
Appears in 2 contracts
Samples: Director Restricted Stock Unit Agreement (Core & Main, Inc.), Director Restricted Stock Unit Agreement (Agilon Health, Inc.)
Mechanics of Settlement. On each the Settlement Date, the Company shall electronically issue to the Participant Employee one whole share of Company Common Stock for each Restricted Stock Unit PRSU that then became earned and vested as of the Settlement Date (except as provided in Section 6(a)), and, upon such issuance, the ParticipantEmployee’s rights in respect of such Restricted Stock Unit PRSU shall be extinguished. In the event that there are any fractional Restricted Stock Units PRSUs that became vested on such date, such fractional Restricted Stock Units PRSUs shall be settled through a cash payment equal to the portion of Restricted Stock Unit such fractional PRSU multiplied by the Fair Market Value of the one share of Company Common Stock on such the Settlement Date. No fractional shares of Company Common Stock shall be issuedissued in respect of the PRSUs.
Appears in 2 contracts
Samples: Employee Performance Restricted Stock Unit Agreement (Agilon Health, Inc.), Employee Performance Restricted Stock Unit Agreement (Agilon Health, Inc.)
Mechanics of Settlement. On each Settlement Date, the Company shall electronically issue to the Participant Employee one whole share of Company Common Stock for each Restricted Stock Unit that then became vested (except as provided in Section 6(a)), and, upon such issuance, the ParticipantEmployee’s rights in respect of such Restricted Stock Unit shall be extinguished. In the event that there are any fractional Restricted Stock Units that became vested on such date, such fractional Restricted Stock Units shall be settled through a cash payment equal to the portion of Restricted Stock Unit multiplied by the Fair Market Value of the Company Common Stock on such Settlement Date. No fractional shares of Company Common Stock shall be issued.
Appears in 1 contract
Samples: Employee Restricted Stock Unit Agreement (Agilon Health, Inc.)
