Common use of Payment of CSUs and Related Dividend Equivalents Clause in Contracts

Payment of CSUs and Related Dividend Equivalents. (a) Full payout of the Award is conditioned only upon the Participant’s continued employment with Sunoco or one of its Affiliates throughout the three-year Vesting Period beginning on and ending on . The full Award shall become vested and payable, if the Participant is employed by Sunoco or one of its Affiliates at such time. Actual payment in respect of the earned CSUs and the earned Dividend Equivalent Account shall be made to the Participant within two and one-half (2-1/2) months after the Vesting Period for such CSUs has ended.

Appears in 2 contracts

Samples: Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc)

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Payment of CSUs and Related Dividend Equivalents. (a) Full payout Payout of the this Award is conditioned only upon the Participant’s continued employment with Sunoco or one of its Affiliates throughout through the three-year Vesting Period beginning on and ending on . The full vesting dates as set forth below: Each respective installment of the Award shall become vested and payable, payable only if the Participant is employed by Sunoco or one of its Affiliates at such timethrough the end of the applicable installment term within the Vesting Period. Actual payment in respect of the earned CSUs and the earned Dividend Equivalent Account shall be made to the Participant within two and one-half (2-2- 1/2) months after the end of the applicable installment term within the Vesting Period for such CSUs has endedPeriod.

Appears in 1 contract

Samples: Common Stock Unit Agreement (Sunoco Inc)

Payment of CSUs and Related Dividend Equivalents. (a) Full payout of the Award is conditioned only upon the Participant’s continued employment with Sunoco or one of its Affiliates throughout the three-year [three to five]-year Vesting Period beginning on and ending on . The full Award shall become vested and payable, if the Participant is employed by Sunoco or one of its Affiliates at such time. Actual payment in respect of the earned CSUs and the earned Dividend Equivalent Account shall be made to the Participant within two and one-half (2-2- 1/2) months after the Vesting Period for such CSUs has ended.

Appears in 1 contract

Samples: Common Stock Unit Agreement (Sunoco Inc)

Payment of CSUs and Related Dividend Equivalents. (a) Full payout of the Award is conditioned only upon the Participant’s continued employment with Sunoco or one of its Affiliates throughout the three-year [three to five]-year Vesting Period beginning on and ending on . The full Award shall become vested and payable, if the Participant is employed by Sunoco or one of its Affiliates at such time. Actual payment in respect of the earned CSUs and the earned Dividend Equivalent Account shall be made to the Participant within two and one-half (2-2- 1/2) months after the Vesting Period for such CSUs has ended.

Appears in 1 contract

Samples: Common Stock Unit Agreement (Sunoco Inc)

Payment of CSUs and Related Dividend Equivalents. (a) Full payout of the Award is conditioned only upon the Participant’s continued employment with Sunoco or one of its Affiliates throughout the three-year [three to five]-year Vesting Period beginning on and ending on . The full Award shall become vested and payable, if the Participant is employed by Sunoco or one of its Affiliates at such time. Actual payment in respect of the earned CSUs and the earned Dividend Equivalent Account shall be made to the Participant within two and one-half (2-1/2) months after the Vesting Period for such CSUs has ended.

Appears in 1 contract

Samples: Common Stock Unit Agreement (Sunoco Inc)

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Payment of CSUs and Related Dividend Equivalents. (a) Full payout Payout of the this Award is conditioned only upon the Participant’s continued employment with Sunoco or one of its Affiliates throughout through the three-year Vesting Period beginning on and ending on . The full vesting dates as set forth below: Each respective installment of the Award shall become vested and payable, payable only if the Participant is employed by Sunoco or one of its Affiliates at such timethrough the end of the applicable installment term within the Vesting Period. Actual payment in respect of the earned CSUs and the earned Dividend Equivalent Account shall be made to the Participant within two and one-half (2-1/2) months after the end of the applicable installment term within the Vesting Period for such CSUs has endedPeriod.

Appears in 1 contract

Samples: Common Stock Unit Agreement (Sunoco Inc)

Payment of CSUs and Related Dividend Equivalents. (a) Full payout of the Award is conditioned only upon the Participant’s continued employment with Sunoco or one of its Affiliates throughout the three-year Vesting Period beginning on and ending on . The full Award shall become vested and payable, if the Participant is employed by Sunoco or one of its Affiliates at such time. Actual payment in respect of the earned CSUs and the earned Dividend Equivalent Account shall be made to the Participant within two and one-half ninety (2-1/290) months days after the Vesting Period for such CSUs has ended.

Appears in 1 contract

Samples: Common Stock Unit Agreement (Sunoco Inc)

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