Common use of Settlement and Delivery of Shares Clause in Contracts

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.

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 Subparagraph 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 Subparagraph 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.