Common use of Payment of PSUs Clause in Contracts

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date and certification under Section 3.2, but in any event within sixty (60) days following the vesting date. The Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of vested PSUs, and (b) enter the Grantee's name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 1 contract

Samples: Performance Share Unit Agreement (HomeStreet, Inc.)

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Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date and certification under Section 3.2, but in any event within sixty (60) days following the vesting date. The Company shall (ai) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of vested PSUsPSUs less applicable minimum tax withholding, and (bii) enter the Grantee's ’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 1 contract

Samples: Performance Share Award Agreement (Team Inc)

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee (or deposited in the Grantee’s brokerage account) as soon as practicable following the vesting date and certification under Section 3.2, but in any event within sixty (60) days following the vesting date. The Company shall (a) issue and deliver to or on behalf of the Grantee the number of shares of Common Stock equal to the number of vested PSUs, and (b) enter the Grantee's name record such issuance on the books records of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Granteeor its transfer agents or registrars.

Appears in 1 contract

Samples: Performance Share Unit Agreement (J&j Snack Foods Corp)

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date and certification under Section 3.2, but in any event within sixty (60) days following the vesting date. The Company shall (ai) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of vested PSUsPSUs less applicable tax withholding, and (bii) enter the Grantee's name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 1 contract

Samples: Performance Share Award Agreement (Team Inc)

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Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date and certification under Section 3.2, but in any event within sixty (60) days following the vesting date. The Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of vested PSUs, and (b) enter the Grantee's name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 1 contract

Samples: Performance Share Unit Agreement (LIGHTBRIDGE Corp)

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date such PSUs vest pursuant to Section 4, 5 or 6, and certification under Section 3.2, but in any event within sixty forty-five (6045) days following the vesting such date. The Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of vested PSUs, and (b) enter the Grantee's ’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Allegiance Bancshares, Inc.)

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