Common use of Payment of Restricted Units Clause in Contracts

Payment of Restricted Units. (a) If and when the Restricted Units vest, the Company shall issue to the Grantee one Share for each vested Restricted Unit, subject to tax withholding as described below, within two (2) months after the applicable vesting date.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Novell Inc), 2010 Restricted Stock Unit Agreement (Novell Inc), Restricted Stock Unit Agreement (Novell Inc)

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Payment of Restricted Units. (a) If and when the Restricted Units vest, the Company shall issue to the Grantee one Share for each vested Restricted Unit, subject to tax withholding as described below, Unit within two (2) months after the applicable vesting date.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Novell Inc), Restricted Stock Unit Agreement (Novell Inc)

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