Common use of Payment of Stock Units Clause in Contracts

Payment of Stock Units. As soon as practicable but no later than February 25, 2003, the Committee shall determine whether the Performance Objective set forth on Exhibit A has been achieved. The Shares, together with any property attributable thereto (including, without limitation, dividends and distributions thereon), shall be delivered to the Officer promptly following February 25, 2003 unless the Officer has elected to defer receipt of such Shares in accordance with the terms and conditions of any deferred compensation program maintained by the Company or has failed to satisfy the condition set forth in Section 3(i) hereof.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

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Payment of Stock Units. As soon as practicable but no later than February 25November 2, 2003, the Committee shall determine whether the Performance Objective set forth on Exhibit A has been achieved. The Shares, together with any property attributable thereto (including, without limitation, dividends and distributions thereon), shall be delivered to the Officer promptly following February 25November 2, 2003 unless the Officer has elected to defer receipt of such Shares in accordance with the terms and conditions of any deferred compensation program maintained by the Company or has failed to satisfy the condition set forth in Section 3(i) hereof.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

Payment of Stock Units. As soon as practicable but no later than February 25May 1, 20032002, the Committee shall determine whether the Performance Objective set forth on Exhibit A has been achieved. The Shares, together with any property attributable thereto (including, without limitation, dividends and distributions thereon), shall be delivered to the Officer Executive promptly following February 25May 1, 2003 2002 unless the Officer Executive has elected to defer receipt of such Shares in accordance with the terms and conditions of any deferred compensation program maintained by the Company or has failed to satisfy the condition set forth in Section 3(i) hereof.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

Payment of Stock Units. As soon as practicable but no later than February 25May 1, 20032002, the Committee shall determine whether the Performance Objective set forth on Exhibit A has been achieved. The Shares, together with any property attributable thereto (including, without limitation, dividends and distributions thereon), shall be delivered to the Officer Executive promptly following February 25May 1, 2003 2002 unless the Officer Executive has elected to defer receipt of such Shares in accordance with the terms and conditions of any deferred compensation program maintained by the Company or has failed to satisfy the condition conditions set forth in Section 3(i) hereof.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

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Payment of Stock Units. As soon as practicable but no later than February 25, 2003(date to be determined), the Committee shall determine whether the Performance Objective set forth on Exhibit A has been achieved. The Shares, together with any property attributable thereto (including, without limitation, dividends and distributions thereon), shall be delivered to the Officer promptly following February 25, 2003 (date to be determined) unless the Officer has elected to defer receipt of such Shares in accordance with the terms and conditions of any deferred compensation program maintained by the Company or has failed to satisfy the condition set forth in Section 3(i) hereof.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

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