Payment of Restricted Share Units. Subject to Section 10, the shares of Common Stock underlying any Restricted Share Units that become non-forfeitable as specified in this Agreement shall be transferred to the Grantee on the earlier of (i) the date of the final determination of the Performance-Earned Amount contemplated by Exhibit A, or (ii) a Change in Control; provided, however, that the Committee in its sole discretion may settle the award of Restricted Share Units wholly or partly in cash, in which case the fair market value of the Restricted Share Units shall be equal to the fair market value of the shares of Common Stock underlying such Restricted Share Units (with such fair market value determined in accordance with the definition under the Plan as of the date such shares would have been transferred under this Agreement but for the Committee’s discretion to settle the Restricted Share Units in cash, subject to withholding as provided in Section 8).
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Samples: Performance Based Restricted Share Unit Agreement (Harman International Industries Inc /De/), Performance Based Restricted Share Unit Agreement (Harman International Industries Inc /De/)
Payment of Restricted Share Units. Subject to Section 10, the shares of Common Stock underlying any Restricted Share Units that become non-forfeitable as specified in this Agreement shall be transferred to the Grantee on the earlier of (i) the date of the final determination of the Performance-Earned Amount contemplated by Exhibit AJanuary 18, 2013, or (ii) a Change in ControlControl that satisfies the requirements for a change in control under Section 409A(a)(2)(A)(v) of the Code; provided, however, that the Committee in its sole discretion may settle the award of Restricted Share Units wholly or partly in cash, in which case the fair market value of the Restricted Share Units shall be equal to the fair market value of the shares of Common Stock underlying such Restricted Share Units (with such fair market value determined in accordance with the definition under the Plan as of the date such shares would have been transferred under this Agreement but for the Committee’s discretion to settle the Restricted Share Units in cash, subject to withholding as provided in Section 8).
Appears in 2 contracts
Samples: Performance Based Restricted Share Unit Agreement (Harman International Industries Inc /De/), Restricted Share Unit Agreement (Harman International Industries Inc /De/)
Payment of Restricted Share Units. Subject to Section 10, the shares of Common Stock underlying any Restricted Share Units that become non-forfeitable as specified in this Agreement shall be transferred to the Grantee on the earlier of (i) the date of the final determination of the Performance-Earned Amount contemplated by Exhibit AVesting Date, or (ii) a Change in Control, or (iii) the date that is 30 days following Grantee’s termination of employment due to death or Disability; provided, however, that the Committee in its sole discretion may settle the award of Restricted Share Units wholly or partly in cash, in which case the fair market value of the Restricted Share Units shall be equal to the fair market value of the shares of Common Stock underlying such Restricted Share Units (with such fair market value determined in accordance with the definition under the Plan as of the date such shares would have been transferred under this Agreement but for the Committee’s discretion to settle the Restricted Share Units in cash, subject to withholding as provided in Section 8).
Appears in 2 contracts
Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/), Restricted Share Unit Agreement (Harman International Industries Inc /De/)
Payment of Restricted Share Units. Subject to Section 10, the shares of Common Stock underlying any Restricted Share Units that become non-forfeitable as specified in this Agreement shall be transferred to the Grantee on the earlier of (i) the date of the final determination of the Performance-Earned Amount contemplated by Exhibit AVesting Date, or (ii) a Change in ControlControl that satisfies the requirements for a change in control under Section 409A(a)(2)(A)(v) of the Code; provided, however, that the Committee in its sole discretion may settle the award of Restricted Share Units wholly or partly in cash, in which case the fair market value of the Restricted Share Units shall be equal to the fair market value of the shares of Common Stock underlying such Restricted Share Units (with such fair market value determined in accordance with the definition under the Plan as of the date such shares would have been transferred under this Agreement but for the Committee’s discretion to settle the Restricted Share Units in cash, subject to withholding as provided in Section 8).
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/)