Settlement of PSU Award. The Earned PSUs shall be settled by the issuance of Shares within thirty (30) days following the Vesting Date (except (a) as otherwise provided in Section 7(a), and (b) that Earned PSUs will be settled upon a Participant’s Termination of Service following a Change in Control by the issuance of Shares within thirty (30) days following the Termination of Service; provided that if the PSU Award constitutes “nonqualified deferred compensation” subject to Section 409A of the Code, this clause (b) shall apply only if the Termination of Service occurs within two (2) years following a 409A Change in Control).
Appears in 6 contracts
Samples: Performance Restricted Stock Unit Award Agreement (Triumph Financial, Inc.), Performance Restricted Stock Unit Award Agreement (Triumph Financial, Inc.), Omnibus Incentive Plan Performance Restricted Stock Unit Award Agreement (Triumph Financial, Inc.)
