Common use of Section 16 Compliance Clause in Contracts

Section 16 Compliance. If the Participant is subject to Section 16 of the Exchange Act, except in the case of death or disability, at least six months must elapse from the date of acquisition of the Performance Shares granted hereunder to the date of the Participant’s disposition of such Performance Shares or the underlying shares of Stock.

Appears in 6 contracts

Samples: Performance Share Award Agreement (Borgwarner Inc), Performance Share Award Agreement (Borgwarner Inc), Performance Share Award Agreement (Borgwarner Inc)

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Section 16 Compliance. If the Participant is subject to Section 16 of the Exchange Act, except in the case of death or disability, at least six months must elapse from the date of acquisition of the Performance Shares Share Units granted hereunder to the date of the Participant’s disposition of such Performance Shares Share Units or the underlying shares of Stock.

Appears in 2 contracts

Samples: Performance Share Unit Award (Smithfield Foods Inc), Performance Share Unit Award (Smithfield Foods Inc)

Section 16 Compliance. If the Participant is subject to Section 16 of the Exchange Act, except in the case of death or disability, at least six months must elapse from the date of acquisition of the Performance Shares granted hereunder to the date of the Participant’s 's disposition of such Performance Shares or the underlying shares of Stock.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Borgwarner Inc), Performance Share Award Agreement (Borgwarner Inc)

Section 16 Compliance. If the Participant is subject to Section 16 of the Exchange Act, except in the case of death or disability, at least six months must elapse from the date of acquisition of the Performance Shares granted hereunder to the date of the Participant’s 's disposition of such Performance Shares or the underlying shares of Stock. If payment of Performance Shares awarded under this Agreement is delayed to comply with applicable securities laws, then payment shall be made as soon as administratively practicable in the year in which the Committee reasonably determines that payment would not cause such securities laws to be violated.

Appears in 1 contract

Samples: Performance Share Award Agreement (Borgwarner Inc)

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Section 16 Compliance. If the Participant is subject to required for compliance with Section 16 of the Exchange Act, except in the case of death or disabilityDisability, at least six months must elapse from the date of acquisition of the Performance Shares Share Units granted hereunder to the date of the Participant’s disposition of such Performance Shares Share Units or the underlying shares of Company Stock.

Appears in 1 contract

Samples: Performance Share Unit Award (Smithfield Foods Inc)

Section 16 Compliance. If the Participant is subject to Section 16 of the Exchange Act, except in the case of death or disability, at least six months must elapse from the date of acquisition of the Performance Shares granted hereunder to the date of the Participant’s 's disposition of such Performance Shares or the underlying shares of Stock.

Appears in 1 contract

Samples: Performance Share Award Agreement (Borgwarner Inc)

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