Payment for Restricted Stock Units. (a) The Company will pay one share of Common Stock to the Grantee for each vested Restricted Stock Unit upon the earlier of the following events, but in no case earlier than the date the Award becomes vested under Section 6:
(i) thirty (30) days after the Grantee’s date of termination of employment with the Company and all of the Company’s Subsidiaries and Affiliates; or
(ii) the last day of the Company’s fiscal year in which the payment of Common Stock in satisfaction of the Restricted Stock Units becomes deductible to the Company under Section 162(m) of the Code, in which case the Company may pay out a portion of the Restricted Stock Unit Award if payment of the entire Award would not be deductible to the Company and the remaining portion of the Award shall be paid when, and to the extent, the payment becomes deductible. If the Grantee has other outstanding vested awards that are conditioned on payment being deductible to the Company, the vested awards that do not have performance-based criteria shall be paid first and in the order they were first granted.
(b) Notwithstanding the foregoing, in the event that the Grantee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, any payment under this Award Agreement shall be delayed until the earlier of (i) six months after the Grantee’s separation from service with the Company and (ii) the Grantee’s death, if such a delay is necessary to avoid the imposition of additional tax and interest on the Grantee under Section 409A(a)(1)(B) of the Code.
Payment for Restricted Stock Units. The Company will pay one share of Common Stock to Grantee for each vested Restricted Stock Unit within thirty (30) days following vesting under this Award Agreement. Notwithstanding the foregoing, in the event that Grantee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code and the Award is considered to be Nonqualified Deferred Compensation upon Grantee’s “Separation from Service” as defined below, any payment under this Award Agreement which results from a Separation from Service shall be delayed until the earlier of (i) first day of the seventh (7th) month beginning after Xxxxxxx’s Separation from Service, or (ii) Grantee’s death, if such a delay is necessary to avoid the imposition of additional tax and interest on Grantee under Section 409A(a)(1)(B) of the Code.
Payment for Restricted Stock Units. (a) The Company will pay one share of Common Stock to the Grantee for each vested Restricted Stock Unit as soon as reasonably possible following vesting under this Award Agreement.
(b) Notwithstanding the foregoing, in the event that the Grantee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code and the Award is considered to be Nonqualified Deferred Compensation upon the Grantee’s “Separation from
Payment for Restricted Stock Units. (a) The Company will pay one share of Common Stock to the Grantee for each vested Restricted Stock Unit as soon as reasonably possible following vesting under this Award Agreement.
(b) Notwithstanding the foregoing, in the event that the Grantee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code and the Award is considered to be Nonqualified Deferred Compensation upon the Grantee’s “Separation from Service” 129144041 as defined below, any payment under this Award Agreement which results from a Separation from Service shall be delayed until the earlier of (i) first day of the seventh (7th) month beginning after the Grantee’s Separation from Service, or (ii) the Grantee’s death, if such a delay is necessary to avoid the imposition of additional tax and interest on the Grantee under Section 409A(a)(1)(B) of the Code.
Payment for Restricted Stock Units. (a) The Company will pay one share of Common Stock to the Grantee for each vested Restricted Stock Unit upon the earlier of the following events:
(i) thirty (30) days after the Grantee’s date of termination of employment with the Company and all of the Company’s Subsidiaries and Affiliates for any reason whatsoever; or
(ii) a Change of Control of the Company.
(b) Notwithstanding the foregoing, in the event that the Grantee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code and the Award is considered to be Nonqualified Deferred Compensation upon the Grantee’s “Separation from Service” as defined below, any payment under this Award Agreement shall be delayed until the earlier of (i) first day of the seventh (7th) month after the Grantee’s Separation from Service, or (ii) the Grantee’s death, if such a delay is necessary to avoid the imposition of additional tax and interest on the Grantee under Section 409A(a)(1)(B) of the Code.
Payment for Restricted Stock Units. The Restricted Stock Units that vest pursuant to Section 3, if any, will be paid to the Grantee in Stock in a single sum within fifteen (15) business 1 Vesting subject to additional terms and conditions set forth herein. days after the closing of the Qualifying Transaction. For the avoidance of doubt, no payment will be made pursuant to this Agreement prior to the closing of a Qualifying Transaction.
Payment for Restricted Stock Units. (i) Except as otherwise provided in paragraph (ii) of this Section 4(a), Section 4(d) or Section 14 hereof, on the earlier of (i) the last day of the month in which the three (3) year anniversary of the date of this Agreement occurs, or (ii) the date on which the Director incurs a separation from service (the “Separation from Service”), within the meaning of Section 409A of the Code and applicable Treasury Regulations (such earlier date shall be referred to as the “Settlement Date”), the Director shall receive one share of Common Stock for each Restricted Stock Unit awarded hereunder, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Certificates (or other indicia of ownership) representing such shares shall be delivered to the Director as promptly as practical (but in no event more than 30 days) following the Settlement Date.
Payment for Restricted Stock Units. (i) Except as otherwise provided in paragraph (ii) of this Section 4(a), Section 4(d) or Section 14 hereof, on the earlier of (i) the last day of the month in which the three (3) year anniversary of the date of this Agreement occurs, or (ii) the date on which the Director incurs a separation from service (the “Separation from Service”), within the meaning of Section 409A of the Code and applicable Treasury Regulations (such earlier date shall be referred to as the “Settlement Date”), the Director shall receive one share of Common Stock for each Restricted Stock Unit awarded hereunder, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Certificates (or other indicia of ownership) representing such shares shall be delivered to the Director as promptly as practical (but in no event more than 30 days) following the Settlement Date.
(ii) The Recipient may elect to defer the Restricted Stock Units pursuant to the Republic Services, Inc. Deferred Compensation Plan (the “Deferred Compensation Plan”), and if the Recipient properly and timely does so, the Restricted Stock Units shall be automatically converted into a corresponding number of units under the Republic Services Stock Unit Fund (the “Units”), and shall be credited to the Participant’s Account Balance (as defined in the Deferred Compensation Plan) in accordance with Section 3.9(c) of the Deferred Compensation Plan as may be amended from time to time. The Units shall be payable in actual shares of Common Stock or cash at the times provided for under the Deferred Compensation Plan as may be amended from time to time.
Payment for Restricted Stock Units. Except as otherwise provided in Section 4(b) or Section 14 hereof, at the time of the Director’s separation from service, within the meaning of Section 409A of the Code and applicable Treasury Regulations (the “Separation from Service”), the Director shall receive one share of Common Stock for each Restricted Stock Unit awarded hereunder, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Certificates representing such shares shall be delivered to the Director as promptly as practical following the Director’s becoming entitled to receive such shares.
Payment for Restricted Stock Units. Except as otherwise provided in Section 4, upon the date the RSUs subject to this Agreement become vested and unrestricted, the shares of Stock underlying the RSUs shall not be issued, but the issuance of such shares shall instead be deferred until the Distribution Date. “Distribution Date” means the date which is the earliest of (i) five (5) business days following the date on which the Grantee ceases to be a director of the Company or (ii) the date of the consummation of a Qualifying Transaction. On the Distribution Date, one share of Common Stock shall be issuable for each vested RSU, subject to the terms and conditions of the Plan and this Agreement, the Company will issue such shares of Stock to the Grantee.
