Common use of Payment of Award Clause in Contracts

Payment of Award. On the Payment Date, the Company shall issue to the Employee that number of shares of Common Stock as equals that number of Units which have become Vested.

Appears in 7 contracts

Samples: Restricted Stock Units Agreement (Sapient Corp), Restricted Stock Units Agreement (Sapient Corp), Restricted Stock Units Agreement (Sapient Corp)

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Payment of Award. On the Payment Date, the Company shall issue to the Employee Director that number of shares of Common Stock as equals that number of Units which have become Vested.

Appears in 6 contracts

Samples: Restricted Stock Units Agreement (Sapient Corp), Restricted Stock Units Agreement (Sapient Corp), Restricted Stock Units Agreement (Sapient Corp)

Payment of Award. On the Payment Date, the Company shall issue to the Employee that number of shares of Common Stock as equals that number of Units which have become been both Earned and Vested.

Appears in 4 contracts

Samples: Performance Based Restricted Stock Units Agreement (Xerium Technologies Inc), Restricted Stock Units Agreement (Xerium Technologies Inc), Restricted Stock Units Agreement (Xerium Technologies Inc)

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Payment of Award. On the Payment Date, the Company shall issue to the Employee that number of shares of Common Stock as equals that number of Units which have become been Vested.

Appears in 1 contract

Samples: Performance Based Restricted Stock Units Agreement (Xerium Technologies Inc)

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