Common use of Payment Following Vesting of Deferred Stock Units Clause in Contracts

Payment Following Vesting of Deferred Stock Units. Subject to the terms of this Agreement, the Company shall issue to the Grantee (or, in the event of the Grantee’s death, to his or her beneficiary or estate) a number of shares of Common Stock equal to the number of Deferred Stock Units vesting hereunder. Subject to Section 4.3, such shares of Common Stock shall be issued to the Grantee on the Payment Date.

Appears in 3 contracts

Samples: Deferred Stock Unit Agreement (Peabody Energy Corp), Deferred Stock Unit Agreement (Peabody Energy Corp), Stock Unit Agreement (Peabody Energy Corp)

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Payment Following Vesting of Deferred Stock Units. Subject to the terms of this Agreement, the Company shall issue to the Grantee (or, in the event of the Grantee’s death, to his or her beneficiary or estate) a number of shares of Common Stock equal to the number of vested Deferred Stock Units vesting granted hereunder. Subject to Section 4.34.2, such shares of Common Stock shall be issued to the Grantee on the Payment Date.

Appears in 2 contracts

Samples: Deferred Stock Units Agreement (Peabody Energy Corp), Deferred Stock Units Agreement (Patriot Coal CORP)

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Payment Following Vesting of Deferred Stock Units. Subject to the terms of this Agreement, the Company shall issue to the Grantee (or, in the event of the Grantee’s 's death, to his or her beneficiary or estate) a number of shares of Common Stock equal to the number of vested Deferred Stock Units vesting granted hereunder. Subject to Section 4.34.2, such shares of Common Stock shall be issued to the Grantee on the Payment Date.

Appears in 1 contract

Samples: Deferred Stock Units Agreement (Peabody Energy Corp)

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