Common use of RSU Payment Clause in Contracts

RSU Payment. In accordance with Section 7(d)(ii) of the Plan, the Shares to be issued upon vesting and settlement of the RSUs must be fully paid up prior to issuance of Shares by payment of the Nominal Value per Share. The Committee shall ensure that payment of the Nominal Value for any Shares underlying the RSUs is received by it on behalf of the Colleague at the time the RSUs are settled from a non-Irish Subsidiary or other source and shall establish any procedures or protocols necessary to ensure that payment is timely received.

Appears in 4 contracts

Samples: Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC)

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RSU Payment. In accordance with Section 7(d)(ii) of the Plan, the Shares to be issued upon vesting and settlement of the RSUs must be fully paid up prior to issuance of Shares by payment of the Nominal Value per Share. The Committee shall ensure that payment of the Nominal Value for any Shares underlying the RSUs is received by it on behalf of the Colleague Executive at the time the RSUs are settled from a non-Irish Subsidiary or other source and shall establish any procedures or protocols necessary to ensure that payment is timely received.

Appears in 1 contract

Samples: Time Based Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

RSU Payment. In accordance with Section 7(d)(ii) of the Plan, the Shares to be issued upon vesting and settlement of the RSUs must be fully 6598087-v6\GESDMS paid up prior to issuance of Shares by payment of the Nominal Value per Share. The Committee shall ensure that payment of the Nominal Value for any Shares underlying the RSUs is received by it on behalf of the Colleague Executive at the time the RSUs are settled from a non-Irish Subsidiary or other source and shall establish any procedures or protocols necessary to ensure that payment is timely received.

Appears in 1 contract

Samples: Time Based Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

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RSU Payment. In accordance with Section 7(d)(ii) of the Plan, the The Shares to be issued upon vesting and settlement of the RSUs must be fully paid up prior to issuance of Shares by payment of the Nominal Value per Share. The Committee shall ensure that payment of the Nominal Value for any Shares underlying the RSUs is received by it on behalf of the Colleague Associate at the time the RSUs are settled from a non-Irish Subsidiary or other source and shall establish any procedures or protocols necessary to ensure that payment is timely received.

Appears in 1 contract

Samples: Time Based Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

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