Common use of Payment of the Award Clause in Contracts

Payment of the Award. Any portion of the Award Amount that becomes vested shall be paid in cash (except as otherwise provided in Section 6) as soon as practicable following the date on which it became vested (but in no event later than (a) five (5) business days after such vesting date or (b) if earlier, immediately prior to the consummation of a Change of Control). Such payment shall be made to the Employee or, in the event of the Employee’s death, to the person(s) indicated in Section 12.

Payment of the Award. Any portion of the Award Amount that becomes vested shall be paid in cash (except as otherwise provided in Section 6) as soon as practicable following the date on which it became vested (but in no event later than (a) five (5) <<Number>> business days after such vesting date or (b) if earlier, immediately prior to the consummation of a Change of Control). Such payment shall be made to the Employee or, in the event of the Employee’s death, to the person(s) indicated in Section 12.