PSU Payment. The Company shall deliver to the Participant either, in its sole and absolute discretion (a) a number of shares of Stock equal to the number of shares of Stock earned and vested with respect to each applicable PSU Award, including dividend equivalents credited with respect to such shares, or (b) an amount of cash equal to the Fair Market Value of such shares on the date of the distribution, in either case, on or as soon as administratively practical following expiration of the applicable Performance Period (and in all events within seventy-five (75) days thereof).
Appears in 4 contracts
Samples: Stock Unit Awards Agreement (Autonation, Inc.), Stock Unit Awards Agreement (Autonation, Inc.), Stock Unit Awards Agreement (Autonation, Inc.)
