Common use of Securities and Exchange Commission Requirements Clause in Contracts

Securities and Exchange Commission Requirements. If you are a Section 16 insider, this grant of Performance Shares is not reportable on a Form 4 unless and until they become vested. At that time, the number of Performance Shares ultimately awarded to you must be reported on a Form 4 before the end of the second (2nd) business day following the Vesting Date, as applicable. Please be aware that if you are going to reject the grant, you should do so immediately after the Date of Xxxxx. Please advise Xxxxx Xxxxx or Xxxxx Xxxxxx immediately by e-mail, fax or telephone if you intend to reject this grant. Those of you covered by these requirements will have already been advised of your status. Others may become Section 16 insiders at some future date, in which case reporting will be required in the same manner noted above. If Section 16 applies to you, you are also subject to Rule 144. This Rule is applicable only when the shares are sold, so you need not take any action under Rule 144 at this time.

Appears in 2 contracts

Samples: Performance Share Grant Agreement (Babcock & Wilcox Co), Performance Share Grant Agreement (Babcock & Wilcox Co)

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Securities and Exchange Commission Requirements. If you are a Section 16 insider, this grant of Performance Shares PRSUs is not reportable on a Form 4 unless and until they become vested. At that time, the number of Performance Shares PRSUs ultimately awarded to you must be reported on a Form 4 before the end of the second (2nd) business day following the applicable Vesting Date, as applicable. Please be aware that if you are going to reject the grant, you should do so immediately after the Date of XxxxxGrant. Please advise Xxxxx Xxxxx or Xxxxx Xxxxxx immediately by e-mail, fax or telephone if you intend to reject this grant. Those of you covered by these requirements will have already been advised of your status. Others may become Section 16 insiders at some future date, in which case reporting will be required in the same manner noted above. If Section 16 applies to you, you are also subject to Rule 144. This Rule is applicable only when the shares are sold, so you need not take any action under Rule 144 at this time.

Appears in 1 contract

Samples: Retention Agreement (Babcock & Wilcox Co)

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Securities and Exchange Commission Requirements. If you are a Section 16 insider, this grant of Performance Shares RSUs is not reportable on a Form 4 unless and until they become vested. At that time, the number of Performance Shares RSUs ultimately awarded to you must be reported on a Form 4 before the end of the second (2nd) business day following the Vesting Date, as applicable. Please be aware that if you are going to reject the grant, you should do so immediately after the Date of XxxxxGrant. Please advise Xxxxx Xxxxx or Xxxxx Xxxxxx immediately by e-mail, fax or telephone if you intend to reject this grant. Those of you covered by these requirements will have already been advised of your status. Others may become Section 16 insiders at some future date, in which case reporting will be required in the same manner noted above. If Section 16 applies to you, you are also subject to Rule 144. This Rule is applicable only when the shares are sold, so you need not take any action under Rule 144 at this time.

Appears in 1 contract

Samples: Performance Restricted Stock Units Grant Agreement (Babcock & Wilcox Co)

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