Common use of Payment after Vesting Clause in Contracts

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8.

Appears in 4 contracts

Samples: Performance Share Agreement (Echelon Corp), Performance Share Agreement (Echelon Corp), Performance Share Agreement (Echelon Corp)

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Payment after Vesting. Any Performance Shares that vest in accordance with paragraph paragraphs 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 4 contracts

Samples: Performance Share Agreement (Planar Systems Inc), Performance Share Agreement (Planar Systems Inc), Performance Share Agreement (Planar Systems Inc)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph paragraphs 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8.

Appears in 3 contracts

Samples: Share Agreement (Echelon Corp), Performance Share Agreement (Echelon Corp), Echelon Corp

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph Sections 3 or 4 through 5 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8Section 9.

Appears in 2 contracts

Samples: Northwest Pipe Company (Northwest Pipe Co), Northwest Pipe Company (Northwest Pipe Co)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph paragraphs 3 or through 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8. Any Performance Shares that vest in accordance with paragraphs 5 or 11 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in accordance with the provisions of such paragraphs, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 2 contracts

Samples: Performance Shares Agreement (Applied Materials Inc /De), Performance Share Agreement (Applied Materials Inc /De)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph Sections 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph Section 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 1 contract

Samples: Performance Share Agreement (Northwest Pipe Co)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph paragraphs 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable within thirty (30) days following the date of vesting, subject to paragraph 89. Any Performance Shares 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 accordance with the provisions of such paragraph, subject to paragraph 9. For each Performance Share that vests, the Employee will receive one Share.

Appears in 1 contract

Samples: Performance Share Agreement (Pixar \Ca\)

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Payment after Vesting. Any Performance Shares that vest in accordance with paragraph 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal Shares, provided that to the value extent determined appropriate by the Company, any national, state and local withholding of taxes and/or social security contributions with respect to such Performance Shares, if applicable, will be paid by the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject Employee pursuant to paragraph 8Section 18 below.

Appears in 1 contract

Samples: Performance Share Agreement (Juniper Networks Inc)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph paragraphs 3 or 4 through 5 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which that have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8.

Appears in 1 contract

Samples: Performance Share Agreement (Applied Materials Inc /De)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraph paragraphs 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting but in no event later than 30 days after the date of vesting. For each Performance Share that vests, subject to paragraph 8the Employee will receive one Share.

Appears in 1 contract

Samples: Performance Share Agreement (Planar Systems Inc)

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