Payment of Vested Restricted Stock Units. Payment of Vested Restricted Stock Units shall be made within thirty (30) days of the Vesting Date following satisfaction of the Vesting Requirements or within thirty (30) days of an accelerated vesting event described in Section 3 herein. The Restricted Stock Units shall be paid in shares of F.N.B. common stock, after deduction of applicable minimum statutory withholding taxes as determined by F.N.B.
Payment of Vested Restricted Stock Units. Grantee shall be entitled to receive the Company’s Common Stock, par value $.01 per share (the “Common Stock”) for Restricted Stock Units whose restrictions have lapsed pursuant to Section 2. Grantee will receive the number of shares equal to the number of vested Restricted Stock Units. Once the Restricted Stock Units vest and unless a deferral election is made as provided below, upon Grantee’s request, stock certificates will be issued.
Payment of Vested Restricted Stock Units. (a) Subject to the provisions of Paragraphs 4 and 5 of this Agreement and Paragraphs (b), (c), (d) and (e) below, and unless Awardee makes an effective election to defer receipt of the Shares represented by the Restricted Stock Units, on the date of vesting of any Restricted Stock Unit, Awardee shall be entitled to receive from the Company (without any payment on behalf of Awardee other than as described in Paragraph 10) the Shares represented by such Restricted Stock Unit. Elections to defer receipt of the Shares beyond the date of settlement provided herein may be permitted in the discretion of the Administrator pursuant to procedures established by the Administrator in compliance with the requirements of Section 409A of the Code.
Payment of Vested Restricted Stock Units. (a) To the extent the Restricted Stock Units vest in accordance with Paragraph 1 hereof, subject to the provisions of Paragraphs 4 and 5 of this Agreement and Paragraphs (b), (c), (d) and (e) below, and unless Awardee makes an effective election to defer receipt of the Shares represented by the Restricted Stock Units, the Restricted Stock Units shall be paid by the Company to the Awardee in Shares (without any payment on behalf of Awardee other than as described in Paragraph 10) in three installments, which shall be as nearly equal as possible, as follows:
(i) the first installment shall be paid on the later of the Certification Date and the first anniversary of the Grant Date; (ii) the second installment shall be paid on the second anniversary of the Grant Date; and (iii) the third installment shall be paid on the third anniversary of the Grant Date, subject in each case to the provisions of this Agreement, including those relating to the Awardee’s continued employment with the Company or its Affiliates. Elections to defer receipt of the Shares beyond the date for payment provided herein may be permitted in the discretion of the Administrator pursuant to procedures established by the Administrator in compliance with the requirements of Section 409A of the Code.
Payment of Vested Restricted Stock Units. Grantee shall be entitled to receive one Share for each Restricted Stock Unit with respect to which the Restricted Period expires pursuant to Section 2 or otherwise terminates. Subject to the provisions of the Plan and Section 8(a) hereof, such payment shall be made through the issuance to the Grantee, as promptly as practicable thereafter (or to the executors or administrators of Grantee’s estate, as promptly as practicable after the Company’s receipt of notification of Grantee’s death, as the case may be), of a number of Shares equal to the number of such Restricted Stock Units with respect to which the Restricted Period shall have expired or terminated.
Payment of Vested Restricted Stock Units. Grantee shall be entitled to receive one Share for each Restricted Stock Unit that has vested pursuant to Section 2 or Section 12 hereof, as applicable. Subject to the provisions of the Plan and Section 8(a) hereof, such payment shall be made through the issuance to the Grantee, as promptly as practicable thereafter (or to the executors or administrators of Grantee’s estate, as promptly as practicable after the Company’s receipt of notification of Grantee’s death, as the case may be), of a number of Shares equal to the number of such Restricted Stock Units that have vested.
Payment of Vested Restricted Stock Units. On the Vesting Date, Grantee shall be entitled to receive one Share for each RSU (including Dividend Equivalent Units and other dividend equivalent rights related thereto) which has been earned pursuant to Section 2(a) or to which the Grantee is otherwise entitled pursuant to Section 2(c) or Section 2(d) (collectively, the “Vesting RSUs”). Subject to the provisions of the Plan and Section 8(a) hereof, such payment shall be made through the issuance to the Grantee (or to the executors or administrators of the Grantee’s estate, if applicable), as promptly as practicable following the Vesting Date, of a number of Shares equal to the number of such Vesting RSUs.
Payment of Vested Restricted Stock Units. Within thirty (30) calendar days following the applicable Scheduled Vesting Date, all Restricted Stock Units and Dividend Equivalents vested under Section 3 hereof, shall be settled and delivered to the Participant in that number of whole shares of Stock equal to the number of Restricted Stock Units and Dividend Equivalents, less the payment of any withholding taxes. Subject to Section 6 below, on the Scheduled Vesting Date, unless the Participant has remitted to F.N.B. a cash amount sufficient to satisfy any Federal, state and local tax withholding requirements, F.N.B. shall withhold a number of shares of Stock from the unrestricted shares of Stock to be distributed sufficient to satisfy all or a portion of the tax withholding requirements related to the vesting of the Restricted Stock Units and Dividend Equivalents.
Payment of Vested Restricted Stock Units. (a) Unless the Executive has elected to defer the payment of shares of Common Stock with respect to the Restricted Stock Units in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), all of the Executive’s Restricted Stock Units which are then vested pursuant to Sections 2.1 and 2.2 hereof shall be paid in shares of Common Stock as soon as practicable after the earliest to occur of the following dates on or after the date on which they are vested: (i) October 1, 2015, (ii) October 1, 2016 or (iii) the date of the Executive’s termination of employment by the Company without Cause or due to the Executive’s death or Disability, provided that such termination of employment constitutes a “separation from service” within the meaning of Section 409A(a)(2)(A)(i) of the Code and Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”).
(b) Notwithstanding anything to the contrary in this Agreement, no Restricted Stock Unit shall be paid to the Executive pursuant to Section 2.3(a) hereof during the six (6)-month period following the Executive’s Separation from Service if the Company determines that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any of the Executive’s Restricted Stock Units is delayed as a result of the previous sentence, then on the first business day following the end of such six (6)-month period (or such earlier date upon which such amount can be paid under Section 409A of the Code without resulting in a prohibited distribution, including as a result of the Executive’s death), such Restricted Stock Units shall be paid in shares of Common Stock.
(c) All payments made in shares of Common Stock shall be made by the Company in the form of whole shares of Common Stock, and any fractional share shall be paid in cash in an amount equal to the value of such fractional share determined based on the Fair Market Value as of the date immediately prior to such payment.
(d) The time of payment of the Restricted Stock Units under this Agreement may not be changed except as may be permitted by the Administrator in accordance with Section 409A of the Code and the applicable Treasury Regulations promulgated thereunder.
Payment of Vested Restricted Stock Units
