Common use of Payout Timing Clause in Contracts

Payout Timing. Payment will be made to Grantee in settlement of Restricted Share Units that have vested and remain outstanding as soon as practicable after the vesting date set forth in the applicable subclause of Section 6.1 for such Restricted Share Units, generally within 30 days but no later than December 31st of the calendar year in which the vesting date occurs, subject to the provisions of the following bullets, if applicable. No interest will be paid with respect to any such payments made pursuant to this Section 6. • In the event that the vesting date pursuant to Section 6.1(i) is the date as of which any suspension imposed pursuant to Section 5.5 is lifted, payment will be made no later than the earlier of (a) 30 days after the vesting date and (b) December 31st of the calendar year in which the vesting date occurs. • Where vesting occurs pursuant to Section 6.1(ii) upon Xxxxxxx’s death, payment will be made no later than December 31st of the calendar year in which Xxxxxxx’s death occurred or, if later, the 15th day of the 3rd calendar month following the date of Xxxxxxx’s death. • Where vesting occurs pursuant to Section 6.1(iii) due to the occurrence of a Change of Control:

Payout Timing. Payment will be made to Grantee in settlement of outstanding Restricted Share Units that have vested and remain outstanding as soon as practicable after the vesting date set forth in the applicable subclause of Section 6.1 for such Restricted Share Units, generally within 30 days but no later than December 31st of the calendar year in which the vesting date occurs, subject to the provisions of the following bullets, if applicable. No interest will be paid with respect to any such payments made pursuant to this Section 6. • In the event that the vesting date pursuant to Section 6.1(i) is the date as of which any suspension imposed pursuant to Section 5.5 is lifted, payment will be made no later than the earlier of (a) 30 days after the vesting date and (b) December 31st of the calendar year in which the vesting date occurs. • Where vesting occurs pursuant to Section 6.1(ii) upon Xxxxxxx’s death, payment will be made no later than December 31st of the calendar year in which Xxxxxxx’s death occurred or, if later, the 15th day of the 3rd calendar month following the date of Xxxxxxx’s death. • Where vesting occurs pursuant to Section 6.1(iii) due to the occurrence of a Change of Control: