Common use of Settlement of Award Clause in Contracts

Settlement of Award. Except as otherwise provided in Section 12 hereof, if the Grantee becomes vested in his Awards, or any portion thereof, in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following the date of vesting.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Newell Brands Inc), Restricted Stock Unit Award Agreement (Newell Brands Inc), Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc)

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Settlement of Award. Except as otherwise provided in Section 12 hereof, if the If a Grantee becomes vested in his Awards, or any portion thereof, Award in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of vested RSUs subject to the Award then becoming vestedAward. Such shares shall be delivered within 30 days following the date of vesting.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc), Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc), Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc)

Settlement of Award. Except as otherwise provided in Section 12 hereof, if the If a Grantee becomes vested in his Awards, or any portion thereof, Award in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of vested RSUs subject to the Award then becoming vestedAward, as adjusted in accordance with Section 6, if applicable. Such shares shall be delivered within 30 days following the date of vesting.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc), Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc), Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc)

Settlement of Award. Except as otherwise provided in Section 12 hereof, if the Grantee becomes vested in his her Awards, or any portion thereof, in accordance with Section 5, the Company shall distribute to himher, or his her personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following the date of vesting.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Newell Brands Inc), Restricted Stock Unit Award Agreement (Newell Rubbermaid Inc)

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Settlement of Award. Except as otherwise provided in Section 12 hereof, if If the Grantee becomes vested in his Awards, or any portion thereof, the Award in accordance with Section 56, within 30 days following the date of vesting, the Company shall distribute to himthe Grantee, or his or her personal representative, beneficiary or estate, as applicable, (a) a number of shares of Common Stock equal to the number of vested RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following and (b) a cash payment equal to the date of vestingdividend equivalents that are payable pursuant to Section 4.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Moleculin Biotech, Inc.)

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