Common use of Normal Settlement Date Clause in Contracts

Normal Settlement Date. If you continue to serve as a non-employee director throughout the Restriction Period, your RSUs will be converted to an equal number of shares of Company stock (or, if you elect, cash equal to the fair market value of that number of shares of Company stock) and distributed to you when you leave the board. However, if you do not continue to serve as a non-employee director throughout the Restriction Period, your RSUs will be forfeited. However, your RSUs may be settled earlier in the circumstances described in the next section.

Normal Settlement Date. If you continue to serve as a non-employee director throughout the Restriction Period, your RSUs will be converted to an equal number of shares of Company stock (or, if you elect, cash equal to the fair market value of that number of shares of Company stock) and distributed to you when you leave the board. However, if you do not continue to serve as a non-employee director throughout the Restriction Period, your RSUs will be forfeited. However, your RSUs may be settled earlier in the circumstances described in the next section.

Normal Settlement Date. If you continue to serve as a non-employee director throughout the Restriction Period, your RSUs will be converted to an equal number of shares of Company stock (or, if you elect, cash equal to the fair market value of that number of shares of Company stock) and distributed to you when you leave within 60 days following your Termination of Service (as defined in the boardPlan). However, if you do not continue to serve as a non-employee director throughout the Restriction Period, your RSUs will be forfeited. However, your RSUs may be settled earlier in the circumstances described in the next section.