Settlement of PSUs. (i) Vested PSUs shall be settled on the Committee Certification Date or within 10 business days following the Committee Certification Date. (ii) Settlement of each vested PSU shall be made by the Company by delivering to Participant one share of Common Stock for each vested PSU. (iii) Notwithstanding anything in this Agreement to the contrary, the Company shall not have any obligation to issue or transfer any shares of Common Stock as contemplated by this Agreement unless and until such issuance or transfer complies with all relevant provisions of law. As a condition to the settlement, Participant may be required to deliver certain documentation to the Company.
Appears in 8 contracts
Samples: Performance Stock Unit Grant and Agreement (Velocity Financial, Inc.), Performance Stock Unit Grant and Agreement (Velocity Financial, Inc.), Performance Stock Unit Grant and Agreement (Velocity Financial, Inc.)
