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.
Appears in 8 contracts
Samples: Restricted Stock Unit Agreement (Oceaneering International Inc), 2020 Restricted Stock Unit Agreement (Oceaneering International Inc), 2019 Restricted Stock Unit Agreement (Oceaneering International Inc)
