Common use of Settlement Date after Change in Control Clause in Contracts

Settlement Date after Change in Control. If the Committee takes any action under Section 1.6(a) that, on its own or in connection with any other event, results in vesting of any Earned Percentage of PSUs earlier than otherwise provided in this Award Agreement (e.g., the PSUs become subject to Code Section 409A), such vested PSUs, plus any shares attributable to vested dividend equivalents, shall be settled upon the earliest to occur of (i) Participant's date of death, (ii) the Vesting Date as set forth in Section 1.2(b) or (iii) six months following Participant's Termination of Employment; provided, however, if any of the events set forth in (i), (ii) or (iii) occur before the date such early vesting occurs, the settlement date shall be the later of (x) within 60 days of the early vesting date, or (y) the earlier of the date that is six months following Participant's Termination of Employment and the Vesting Date as set forth in Section 1.2(b). All other payments shall occur as set forth in Section 1.8.

Appears in 11 contracts

Samples: Performance Share Units Award Agreement (H&r Block Inc), Performance Share Units Award Agreement (H&r Block Inc), Performance Share Units Award Agreement (H&r Block Inc)

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Settlement Date after Change in Control. If the Committee takes any action under Section 1.6(a) that, on its own or in connection with any other event, results in vesting of any Earned Percentage of PSUs MSUs earlier than otherwise provided in this Award Agreement (e.g., the PSUs MSUs become subject to Code Section 409A), such vested PSUsMSUs, plus any shares attributable to vested dividend equivalents, shall be settled upon the earliest to occur of (i) Participant's date of death, (ii) the Vesting Date as set forth in Section 1.2(b) or (iii) six months following Participant's Termination of Employment; provided, however, if any of the events set forth in (i), (ii) or (iii) occur before the date such early vesting occurs, the settlement date shall be the later of (x) within 60 days of the early vesting date, or (y) the earlier of the date that is six months following Participant's Termination of Employment and the Vesting Date as set forth in Section 1.2(b). All other payments shall occur as set forth in Section 1.8.

Appears in 9 contracts

Samples: Market Stock Units Award Agreement (H&r Block Inc), Market Stock Units Award Agreement (H&r Block Inc), Market Stock Units Award Agreement (H&r Block Inc)

Settlement Date after Change in Control. If the Committee takes any action under Section 1.6(a) that, on its own or in connection with any other event, results in vesting of any Earned Percentage of PSUs MSUs earlier than otherwise provided in this Award Agreement (e.g., the PSUs MSUs become subject to Code Section 409A), such vested PSUsMSUs, plus any shares attributable to vested dividend equivalents, shall be settled upon the earliest to occur of (i) Participant's date of death, (ii) the Vesting third anniversary of the Grant Date as set forth in Section 1.2(b) or (iii) six months following Participant's Termination of Employment; provided, however, if any of the events set forth in (i), (ii) or (iii) occur before the date such early vesting occurs, the settlement date shall be the later of (x) within 60 days of the early vesting date, or (y) the earlier of the date that is six months following Participant's Termination of Employment and the Vesting third anniversary of the Grant Date as set forth in Section 1.2(b). All other payments shall occur as set forth in Section 1.8.

Appears in 4 contracts

Samples: Market Stock Units Award Agreement (H&r Block Inc), Market Stock Units Award Agreement (H&r Block Inc), Award Agreement (H&r Block Inc)

Settlement Date after Change in Control. If the Committee takes any action under Section 1.6(a) that, on its own or in connection with any other event, results in vesting of any Earned Percentage of PSUs earlier than otherwise provided in this Award Agreement (e.g., the PSUs become subject to Code Section 409A), such vested PSUs, plus any shares attributable to vested dividend equivalents, shall be settled upon the earliest to occur of (i) Participant's date of death, (ii) the Vesting third anniversary of the Grant Date as set forth in Section 1.2(b) or (iii) six months following Participant's Termination of Employment; provided, however, if any of the events set forth in (i), (ii) or (iii) occur before the date such early vesting occurs, the settlement date shall be the later of (x) within 60 days of the early vesting date, or (y) the earlier of the date that is six months following Participant's Termination of Employment and the Vesting third anniversary of the Grant Date as set forth in Section 1.2(b). All other payments shall occur as set forth in Section 1.8.

Appears in 4 contracts

Samples: Performance Share Units Award Agreement (H&r Block Inc), Performance Share Units Award Agreement (H&r Block Inc), Performance Share Units Award Agreement (H&r Block Inc)

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Settlement Date after Change in Control. If the Committee takes any action under Section 1.6(a) that, on its own or in connection with any other event, results in vesting of any Earned Percentage of PSUs earlier than otherwise provided in this Award Agreement (e.g., the PSUs become subject to Code Section 409A), such vested PSUs, plus any shares attributable to vested dividend equivalents, shall be settled upon the earliest to occur of (i) Participant's date of death, (ii) the Vesting Date as set forth in Section 1.2(b) 1.2 or (iii) six months following Participant's Termination of Employment; provided, however, if any of the events set forth in (i), (ii) or (iii) occur before the date such early vesting occurs, the settlement date shall be the later of (x) within 60 days of the early vesting date, or (y) the earlier of the date that is six months following Participant's Termination of Employment and the Vesting Date as set forth in Section 1.2(b)1.2. All other payments shall occur as set forth in Section 1.8.

Appears in 1 contract

Samples: Performance Share Units Award Agreement (H&r Block Inc)

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