Common use of Mechanics of Settlement Clause in Contracts

Mechanics of Settlement. On the Settlement Date, the Company shall electronically issue to the 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 Director’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 the Settlement Date. No fractional shares of Company Common Stock shall be issued.

Mechanics of Settlement. On the each Settlement Date, the Company shall electronically issue to the Director 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 DirectorParticipant’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 the such Settlement Date. No fractional shares of Company Common Stock shall be issued.

Mechanics of Settlement. On the each Settlement Date, the Company shall electronically issue to the Director 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 DirectorEmployee’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 the such Settlement Date. No fractional shares of Company Common Stock shall be issued.

Mechanics of Settlement. On the Settlement Date, the Company shall electronically issue to the Director 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 DirectorEmployee’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 the Settlement Date. No fractional shares of Company Common Stock shall be issuedissued in respect of the PRSUs.