Payment of RSUs; Withholding Taxes. With respect to RSUs for which the Period of Restriction has lapsed, the Company shall pay to Grantee an amount, in cash, equal to the product of (a) the number of RSUs as to which the Period of Restriction has terminated and (b) the Fair Market Value of a Share as of the date that the Period of Restriction has terminated. Such payment shall be made within thirty days after termination of the Period of Restriction and, in accordance with Article 17 of the Plan, shall be reduced by the amount required to satisfy applicable federal, state, or other governmental withholding requirements.
Appears in 4 contracts
Samples: Restricted Stock Grant Agreement (Bank of Hawaii Corp), Restricted Stock Grant Agreement (Bank of Hawaii Corp), Restricted Stock Grant Agreement (Bank of Hawaii Corp)
