Common use of Settlement of Award Shares Clause in Contracts

Settlement of Award Shares. The restrictions on the Award Shares, including the Forfeiture Restrictions, will expire and the Shares underlying the Award Shares that vest in accordance with this Section 3 shall be delivered to the Participant as soon as practicable following the date on which they vest in accordance with Section 3(a) or (b), as applicable, but in no event later than March 15 of the year following the year in which such vesting occurs.

Appears in 4 contracts

Samples: Restricted Share Unit Award Agreement (New Fortress Energy Inc.), Restricted Share Unit Award Agreement (New Fortress Energy Inc.), Restricted Share Unit Award Agreement (New Fortress Energy LLC)

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Settlement of Award Shares. The restrictions on the Award Shares, including the Forfeiture Restrictions, will expire expire, and the Shares underlying the Award Shares that vest in accordance with this Section 3 hereof shall be delivered to the Participant as soon as practicable following the date on which they vest in accordance with Section 3(a) or (b), as applicablehereof, but in no event later than March 15 of the year following the year in which such vesting occurs.. (c)

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (New Fortress Energy Inc.)

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