Payment in respect of CSUs earned. Except as provided by Section 1.5 hereof, all payment for CSUs earned shall be made in shares of Common Stock. The number of shares paid shall be equal to the number of CSUs earned.
Appears in 8 contracts
Samples: Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc)
Payment in respect of CSUs earned. Except as provided by Section 1.5 1.6 hereof, all payment for CSUs earned shall be made in shares of Common Stock. The number of shares paid shall be equal to the number of CSUs earned; provided, however, that any fractional share of stock shall be distributed as an amount of cash equal to the value of the stock under the CSU award on the date such earned CSUs first became payable. The number of CSUs earned shall be determined in accordance with the provisions of Exhibit .
Appears in 6 contracts
Samples: Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc)