Common use of Payment of Restricted Stock Units Clause in Contracts

Payment of Restricted Stock Units. To the extent the Restricted Stock Units shall become nonforfeitable pursuant to Section 3(a) above, shares of Common Stock underlying such Restricted Stock Units shall be transferred to Grantee no later than 15 days after the date on which the Restricted Stock Units become nonforfeitable (i.e., the respective settlement date), and in all events within the short-term deferral period specified in Treas. Reg. § 1.409A-1(b)(4), except as otherwise provided in Section 7.

Payment of Restricted Stock Units. To the extent the Restricted Stock Units shall become nonforfeitable pursuant to Section 3(a) 3 above, shares of Common Stock underlying such Restricted Stock Units shall be transferred to Grantee no later than 15 days after the date on which the Restricted Stock Units become nonforfeitable (i.e., the respective settlement date)nonforfeitable, and in all events within the short-term deferral period specified in Treas. Reg. § 1.409A-1(b)(4), except as otherwise provided in Section 7.