Payment of RSUs. In the sole discretion of the Committee, RSUs shall be paid in (i) Shares, (ii) cash equal to the Fair Market Value of the Shares otherwise deliverable on the Vesting Date, or (iii) any combination thereof, which shall be distributed or paid as soon as administratively practicable, but in any event no later than 30 days, after the applicable Vesting Date.
Appears in 5 contracts
Samples: Restricted Stock Unit Grant Agreement (McDermott International Inc), Restricted Stock Unit Grant Agreement (McDermott International Inc), Restricted Stock Unit Grant Agreement (McDermott International Inc)
Payment of RSUs. In the sole discretion of the Committee, RSUs shall be paid in (i) Shares, (ii) cash equal to the Fair Market Value of the Shares otherwise deliverable on the Vesting Date, or (iii) any combination thereof, which shall be distributed or paid as soon as administratively practicable, but in any no event no later than 30 days, after the applicable Vesting Date.
Appears in 1 contract
Samples: Restricted Stock Unit Grant Agreement (McDermott International Inc)
