Common use of Payment after Vesting Clause in Contracts

Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 will be paid to the Participant (or in the event of the Participant’s death, to his or her estate) in whole Shares, and no fractional Shares shall be issued. As determined by the Administrator, any fraction of a Share shall be paid in cash based on the Fair Market Value of a Share.

Appears in 19 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)

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Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 will be paid to the Participant (or in the event of the Participant’s death, to his or her estate) in whole SharesShares (or, and no in the Administrator’s discretion, in a lump sum cash payment). No fractional Shares shall be issued. As determined by the Administrator, issued to Participant and Participant shall not be entitled to consideration for any fraction of a Share shall be paid in cash based on the Fair Market Value of a Sharefractional Shares.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp)

Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 will be paid to the Participant (or in the event of the Participant’s 's death, to his or her estate) in whole Shares, and no fractional Shares shall be issued. As determined by the Administrator, any fraction of a Share shall be paid in cash based on the Fair Market Value fair market value of a Share.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)

Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 will be paid to the Participant (or in the event of the Participant’s 's death, to his or her estate) in whole Shares, and no fractional Shares shall be issued. As determined by the Administrator, any fraction of a Share shall be paid in cash based on the Fair Market Value of a Share.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp)

Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 paragraph 3 will be paid to the Participant Employee (or in the event of the ParticipantEmployee’s death, to his or her estate) as soon as practicable following the date of vesting, subject to paragraph 9. Any Restricted Stock Units that vest in accordance with paragraph 5 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in whole Sharesaccordance with the provisions of such paragraph, and no fractional Shares shall be issuedsubject to paragraph 9. As determined by For each Restricted Stock Unit that vests, the Administrator, any fraction of a Share shall be paid in cash based on the Fair Market Value of a Employee will receive one Share.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Carrier Access Corp)

Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 will be paid to the Participant (or in the event of the Participant’s death, to his or her estate) in whole Shares, and no . No fractional Shares shall be issued. As determined by the Administrator, issued to Participant and Participant shall not be entitled to consideration for any fraction of a Share shall be paid in cash based on the Fair Market Value of a Sharefractional Shares.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp)

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Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 will be paid to the Participant (or in the event of the Participant’s death, to his or her estate) in whole SharesShares (or, and no in the Administrator’s discretion, in a lump sum cash payment). No fractional Shares shall be issued. As determined by the Administrator, issued ࿼to Participant and Participant shall not be entitled to consideration for any fraction of a Share shall be paid in cash based on the Fair Market Value of a Sharefractional Shares.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp)

Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 paragraph 3 will be paid to the Participant (or in the event of the Participant’s death, to his or her estate) in whole Shares, and no fractional Shares shall be issued. As provided that to the extent determined appropriate by the AdministratorCompany in its discretion, any fraction of a Share shall federal, state and local withholding taxes with respect to such Restricted Stock Units will be paid in cash based on by reducing the Fair Market Value number of a ShareShares actually paid to the Participant.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Cutera Inc)

Payment after Vesting. Any Restricted Stock Units that vest in accordance with Sections 3, 4 or 5 Section 3 will be paid to the Participant (or in the event of the Participant’s death, to his or her estate) in whole Shares, and no fractional Shares shall be issued. As determined by the Administrator, any fraction of a Share shall be paid in cash based on the Fair Market Value of a Sharesubject to Section 6.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Ikanos Communications)

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