Settlement of RSU Award. If RSUs vest pursuant to the foregoing provisions of this Section 3, then no later than the applicable Settlement Date, the Company shall deliver to you or your legal representative either (i) one Share or (ii) a cash payment equal to the Fair Market Value determined as of the Settlement Date of one Share, in each case, for each RSU that has been deemed earned and vested in accordance with the terms of this Award Agreement; provided, that the Company shall have sole discretion to determine whether to settle such RSUs in Shares, cash or a combination thereof.
Settlement of RSU Award. On the Settlement Date, the Company shall deliver to you or your legal representative either (i) one Share or (ii) a cash payment equal to the Fair Market Value determined as of the Settlement Date of one Share, in each case, for each RSU that has vested in accordance with the terms of this Award Agreement; provided that, the Company shall have sole discretion to determine whether to settle such RSUs in Shares, cash or a combination thereof.
Settlement of RSU Award. Within 30 days following the Vesting Date (the “Settlement Date”), the Company shall deliver to you or your legal representative either (x) one Share or (y) a cash payment equal to the Fair Market Value determined as of the Settlement Date of one Share, in each case, for each RSU that is scheduled to be settled on such date in accordance with the terms of this Award Agreement; provided that, the Company shall have sole discretion to determine whether to settle such RSUs in Shares, cash or a combination thereof.
Settlement of RSU Award. Except as provided below, the Settlement Date for all or a portion of your RSU Award will be the date on which that portion of your Award is settled as indicated in the Settlement Dates section on page 1 of this Agreement. This RSU Award may be settled by delivering to you or your Beneficiary, as applicable and in the sole discretion of the Company, either (i) an amount of cash equal to the Fair Market Value of a Share as of the Settlement Date, multiplied by the number of Shares underlying the RSUs held by you (or a specified portion of your RSUs in the event of any partial settlement), or (ii) a number of Shares equal to the whole number of Shares underlying the RSUs then held by you (or a specified portion of your RSUs in the event of any partial settlement). Any remaining fractional Shares underlying your RSUs remaining on the Settlement Date will be distributed to you in cash in an amount equal to the Fair Market Value of a Share as of the Settlement Date, multiplied by the remaining underlying fractional shares. If the Settlement Date is a Saturday, Sunday or any other day which is a holiday of the United States Federal Government (a “Non-Business Day”), then the unsettled RSUs will be settled on the first day that is not a Non-Business Day (a “Business Day”) before the Settlement Date.
Settlement of RSU Award. Notwithstanding Section 2 of the Agreement; the RSU Award does not provide any right for the Grantee to receive a cash payment and the RSU Award will be settled only in shares of Stock. The following provisions apply to Grantees in Quebec:
Settlement of RSU Award. This provision supplements Section 2 of the Agreement: Notwithstanding Section 2 of the Agreement, the RSU Award does not provide any right for the Grantee to receive a cash payment and the RSU Award will be settled only in shares of Stock.
Settlement of RSU Award. Except as provided below, the Settlement Date for all or a portion of your RSU Award will be the date on which that portion of your Award is settled as indicated in the Settlement Dates section on page 1 of this Agreement. This RSU Award may be settled by delivering to you or your Beneficiary, as applicable and in the sole discretion of the Company, either (i) an amount of cash equal to the Fair Market Value of a Share as of the Settlement Date, multiplied by the number of Shares underlying the RSUs held by you (or a specified portion of your RSUs in the event of any partial settlement), or (ii) a number of Shares equal to the whole number of Shares underlying the RSUs then held by you (or a specified portion of your RSUs in the event of any partial settlement). Before your Termination Date, the Settlement Date of any unsettled RSUs will be (x) the date you attain age 65, if your RSUs have been outstanding for at least one year from the Grant Date; or (y) the first anniversary of the Grant Date, if you are age 65 or older on that anniversary date. Any remaining fractional Shares underlying your RSUs remaining on the Settlement Date will be distributed to you in cash in an amount equal to the Fair Market Value of a Share as of the Settlement Date, multiplied by the remaining underlying fractional shares.
Settlement of RSU Award. As soon as administratively feasible following each scheduled vesting date, all Shares issuable pursuant to RSUs that become vested pursuant to Section 2.1 shall be distributed to Grantee (but in any event no later than the end of the calendar year in which such vesting date occurred). As soon as administratively feasible following termination of Grantee’s service as a member of the Board of Directors of the Company (and in any case no later than thirty (30) days following Grantee’s separation from service), all Shares issuable pursuant to RSUs that become vested pursuant to Section 2.2 shall be distributed to Grantee.
Settlement of RSU Award. During the Participant’s lifetime, this Award of RSUs may be settled by delivering to the Participant or his or her Beneficiary, as applicable, either (i) an amount of cash equal to the Fair Market Value of a Share as of the Settlement Date multiplied by the number of Shares underlying the RSUs held by the Participant (or a specified portion in the event of any partial settlement), or (ii) a number of Shares equal to the whole number of Shares underlying the RSUs then held by the Participant (or a specified portion in the event of any partial settlement). Any fractional Shares underlying RSUs remaining on the Settlement Date will be distributed in cash in an amount equal to the Fair Market Value of a Share as of the Settlement Date multiplied by the remaining fractional RSUs. Except as specifically provided elsewhere under the Plan, the restrictions on RSUs subject to this Award will lapse and be settled on the Settlement Date set forth below, but only if the Participant is, and at all times from the Grant Date, has been an employee of the Company, or one of its Affiliates, and the RSUs have not otherwise been forfeited: Settlement Date of RSUs Percentage of RSUs on which Restrictions Lapse May 21, 2007 33 1/3 % May 21, 2008 33 1/3 % May 21, 2009 33 1/3 % Notwithstanding the above table and to the extent the RSUs have not otherwise been forfeited, the Settlement Date for all RSUs will be the later of (i) the date on which the Participant attains age 65 or (ii) the first anniversary of the Grant Date.
Settlement of RSU Award. Except as provided below, the Settlement Date for your RSU Award will be the date on which your award is settled as indicated in the Settlement Date section on page 1 of this Award Agreement. This RSU Award may be settled by delivering to you or your Beneficiary, as applicable and in the sole discretion of the Company, either (i) an amount of cash equal to the Fair Market Value of a Share as of the Settlement Date, multiplied by the number of Shares underlying the RSUs held by you, or (ii) a number of Shares equal to the whole number of Shares underlying the RSUs then held by you. Any remaining fractional Shares underlying your RSUs remaining on the Settlement Date will be distributed to you in cash in an amount equal to the Fair Market Value of a Share as of the Settlement Date, multiplied by the remaining underlying fractional shares.
