Common use of Payment of Performance Shares Clause in Contracts

Payment of Performance Shares. (a) Performance Shares earned as provided in Section 2 or pursuant to Section 3(a) shall be paid to Grantee or his or her executor or administrator, as the case may be, in shares of Common Stock in the calendar year immediately following the close of the Performance Period to which the award relates, but in no event later than two and one-half (2 1/2) months after the close of the Performance Period.

Payment of Performance Shares. (a) Except as otherwise provided pursuant to Section 3(a), Performance Shares earned as provided in Section 2 or pursuant to Section 3(a) 3 hereof shall be paid to Grantee or his or her executor or administrator, as the case may be, in shares of Common Stock in the calendar year immediately following the close of the Performance Period to which the award relates, but in no event later than Shares within two and one-half (2 1/2) months after the close end of the Performance Period.

Payment of Performance Shares. (a) Performance Shares earned as provided in Section 2 or pursuant to Section 3(a) 3 hereof shall be paid to Grantee or his or her executor or administrator, as the case may be, in shares of Common Stock in the calendar year immediately following the close of the Performance Period to which the award relates, but in Shares no event later more than two and one-half (2 1/2) months after the close later of (i) the end of the Performance PeriodPeriod or (ii) the end of the calendar year in which the end of the Performance Period occurs.

Payment of Performance Shares. (a) Except as otherwise provided pursuant to Section 3(a), Performance Shares earned as provided in Section 2 or pursuant to Section 3(a) 3 hereof shall be paid to Grantee or his or her executor or administrator, as the case may be, in shares of Common Stock in the calendar year immediately following the close of the Performance Period to which the award relates, but in no event later than Shares within two and one-half (2 1/2) months after the close end of the Performance Period. 6. Transferability. Grantee’s right to receive any Performance Shares shall not be transferable nor assignable by Grantee other than by will or by the laws of descent and distribution. 7.