Common use of Settlement of Restricted Stock Clause in Contracts

Settlement of Restricted Stock. As soon as administratively practicable following the vesting of a portion of a Restricted Stock Award, the Company shall deliver to you (or, in the event of your death, to your estate or, if the Committee establishes a beneficiary designation procedure pursuant to Section 11 of the Plan, to any beneficiary that you have designated pursuant to such procedure) one or more certificates for the vested Shares or in the Company’s discretion may cause the vested Shares to be deposited in an account designated by you in writing. Cree, Inc. Master Restricted Stock Award Agreement Terms and Conditions

Settlement of Restricted Stock. As soon as administratively practicable following the vesting of a any portion of a Restricted Stock this Award, the Company shall deliver to you (or, in the event of your death, to your estate or, if the Committee establishes a beneficiary designation procedure pursuant to Section 11 of the Plan, to any beneficiary that you have designated pursuant to such procedure) one or more certificates for the vested Shares or in the Company’s 's discretion may cause the vested Shares to be deposited in an account maintained by a broker designated by you in writing. Cree, Inc. Master Restricted Stock Award Agreement Terms and Conditionsthe Company.

Settlement of Restricted Stock. As soon as administratively practicable following the vesting of a portion of a Restricted Stock Award, the Company shall deliver to you (or, in the event of your death, to your estate or, if the Committee establishes a beneficiary designation procedure pursuant to Section 11 of the Plan, to any beneficiary that you have designated pursuant to such procedure) one or more certificates for the vested Shares or in the Company’s discretion may cause the vested Shares to be deposited in an account designated by you in writingShares. Cree, Inc. Master Restricted Stock Award Agreement Terms and Conditions