Settlement and Delivery of Shares. Payment of vested Restricted Stock Units shall be made as soon as administratively practicable after vesting, but in no event later than thirty days after the vesting date. Settlement will be made by payment in shares of Stock. Notwithstanding the foregoing, the Company shall not be obligated to deliver any shares of Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Stock is listed or quoted.
Settlement and Delivery of Shares. Payment of vested Restricted Stock Units shall be made as soon as administratively practicable after vesting, but in no case later than the March 15th following the year in which vesting occurs. Settlement will be made by payment in shares of Common Stock. The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.
Settlement and Delivery of Shares. Settlement of all Restricted Stock Units will be made by payment in shares of Common Stock, which shall be delivered to the Participant as soon as administratively practicable following the applicable vesting date determined pursuant to Paragraph 2. The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.
Settlement and Delivery of Shares. (a) Unless settled earlier pursuant to Sections 7(b) or 7(c) below, settlement of vested Restricted Stock Units that vest in accordance with Section 2(a) above shall be made as soon as administratively practicable after vesting, but in no case later than the 15th day of the third calendar month following the calendar month in which vesting occurs. Unless settled earlier pursuant to Sections 7(b) or 7(c) below, settlement of vested Restricted Stock Units that vest in accordance with Section 2(b) above shall be made as soon as administratively practicable after the third anniversary of the Award Date, but in no case later than the 15th day of the third calendar month following the calendar month in which the third anniversary occurs.
(b) Upon Participant ceasing to serve as Chairman pursuant to Section 4(b) of the Service Agreement or from and after August 16, 2011, as a result of any circumstances or events that would constitute the Participant refusing to serve as Chairman if the provisions of Section 4(b) of the Service Agreement were applicable, settlement of the Restricted Stock Units that have vested in accordance with Section 2(b) above, shall be made as soon as administratively practicable after the third anniversary of the Award Date, but in no case later than the 15th day of the third calendar month following the calendar month in which the third anniversary occurs.
(c) Upon Participant ceasing to serve as Chairman under circumstances resulting in vesting under Section 2(c)(i) or Section 2(c)(ii) above, any unvested Restricted Stock Units shall be vested pursuant to Section 2(c) above and settlement of all such vested Restricted Stock Units shall be made as soon as administratively practicable after such cessation of service, but in no case later than the 15th day of the calendar month following the calendar month in which the date of such cessation of service occurs.
(d) Settlement will be made by payment in shares of Common Stock.
(e) The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply wi...
Settlement and Delivery of Shares. Payment of vested Restricted Stock Units shall be made within 70 days after the date that vesting occurs, or, if later, within 15 days after the Performance Certification with respect to any Restricted Stock Units that are subject to the requirements of Section 2(d). Settlement will be made by payment in shares of Common Stock. The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.
Settlement and Delivery of Shares. From and after the Distribution, SpinCo shall have sole responsibility for the settlement and delivery of shares of SpinCo Common Stock pursuant to SpinCo Options, SpinCo RSUs, SpinCo PSUs, CEO SpinCo Performance Shares and CFO SpinCo PSUs (collectively, “SpinCo Equity Awards”) to any holder of such award and shall be solely entitled to any exercise price payable in respect of SpinCo Options.
Settlement and Delivery of Shares. The Grantee will receive one share of Common Stock with respect to each Restricted Stock Unit that becomes vested as of a Vesting Date, which shall be delivered to the Grantee as soon as administratively practicable, but not later than thirty (30) days following the date the Restricted Stock Unit becomes vested. The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any national securities exchange or inter-dealer quotation system upon which the Common Stock is listed or quoted. In no event shall the Company be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.
Settlement and Delivery of Shares. Each vested RSU will be settled by delivery to the Participant of one share of the Company’s (or successor’s at or after the Closing) Common Stock (a “Share”) as promptly as practicable, and in any event within 30 days, following the applicable Vesting Date (each, a “Payment Date”), but in no event later than March 15 of the year following the year during which the applicable Vesting Date occurs.
Settlement and Delivery of Shares. This provision supplements Sections 3 of the Performance Share Agreement:
Settlement and Delivery of Shares. The Grantee will receive one share of Common Stock with respect to each Restricted Stock Unit that becomes vested as of a Vesting Date or vesting event under Section 2(c) or (d) above, which shall be delivered to the Grantee as soon as administratively practicable, but not later than sixty (60) days following the date the Restricted Stock Unit becomes vested. The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any national securities exchange or inter-dealer quotation system upon which the Common Stock is listed or quoted. In no event shall the Company be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.
