Common use of Settlement and Transfer of Shares Clause in Contracts

Settlement and Transfer of Shares. This Award (to the extent vested) shall be settled by the Company by the issuance and delivery of Shares as soon as reasonably practical after (but no later than 60 days after) the Delivery Date, as indicated in the Grant Notice, to the Grantee (or if applicable, the Beneficiaries of the Grantee). Any issuance of Shares shall be made only in whole Shares, and any fractional shares shall be distributed in an equivalent cash amount.

Appears in 4 contracts

Samples: Other Stock Unit Award Agreement (Pinnacle Entertainment, Inc.), Other Stock Unit Award Agreement (Pinnacle Entertainment, Inc.), Other Stock Unit Award Agreement (PNK Entertainment, Inc.)

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