Common use of Scheduled Payment Date Clause in Contracts

Scheduled Payment Date. Subject to accelerated payment in the case of a Change in Control as described in Paragraph 5 below, the Company shall deliver or cause to be delivered to or on the behalf of the Grantee the number of Shares, if any, as determined under Paragraphs 2 and 3 above, on or before the Scheduled Payment Date in compliance with applicable law. The Company shall determine in its sole discretion the manner of delivering Shares under this Paragraph 4. For purposes of this Agreement, the “Scheduled Payment Date” shall mean March 15th of the calendar year immediately following the expiration of the Performance Period.

Scheduled Payment Date. Subject to accelerated payment in the case of a Change in Control as described in Paragraph 5 6 below, the Company shall deliver or cause to be delivered to or on the behalf of the Grantee the number of earned and vested Shares, if any, as determined under Paragraphs Paragraph 2 and Paragraph 3 above, on or before the Scheduled Payment Date in compliance with applicable law. The Company shall determine in its sole discretion the manner of delivering Shares under this Paragraph 4. For purposes of this Agreement, the “Scheduled Payment Date” shall mean means the March 15th of within the calendar year immediately following the expiration of the Performance Period.