Common use of Payment of Awards Clause in Contracts

Payment of Awards. (a) Each Restricted Stock Unit represents the right to receive one (1) Share when the Restricted Stock Unit vests.

Appears in 8 contracts

Samples: Fiscal 2002 Share Incentive Plan (Estee Lauder Companies Inc), Fiscal 2002 Share Incentive Plan (Estee Lauder Companies Inc), Fiscal 2002 Share Incentive Plan (Estee Lauder Companies Inc)

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Payment of Awards. (a) Each Restricted Stock Unit represents the right to receive one (1) Share when the Restricted Stock Unit vests.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Estee Lauder Companies Inc), Fiscal 2002 Share Incentive Plan (Estee Lauder Companies Inc), Fiscal 2002 Share Incentive Plan (Estee Lauder Companies Inc)

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