Common use of Settlement of RSU Award Clause in Contracts

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.

Appears in 8 contracts

Samples: Restricted Stock Unit Award Agreement (XPO, Inc.), Restricted Stock Unit Award Agreement (XPO, Inc.), Restricted Stock Unit Award Agreement (XPO, Inc.)

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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 thatprovided, that the Company shall have sole discretion to determine whether to settle such RSUs in Shares, cash or a combination thereof.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (XPO Logistics, Inc.)

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 been deemed earned and vested in accordance with the terms of this Award Agreement; provided thatprovided, that the Company shall have sole discretion to determine whether to settle such RSUs in Shares, cash or a combination thereof.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (XPO Logistics, Inc.), Performance Based Restricted Stock Unit Award Agreement (XPO Logistics, Inc.)

Settlement of RSU Award. On the Settlement Date, the Company shall deliver to you or your legal representative either (i) one Share or (ii) if not prohibited under the terms of the Global Appendix, 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, subject to the foregoing, the Company shall have sole discretion to determine whether to settle such RSUs in Shares, cash or a combination thereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (GXO Logistics, Inc.)

Settlement of RSU Award. On or within thirty (30) days following the applicable Settlement Date, the Company shall deliver to you or your legal representative either (i) one Share Share, or (ii) a in the Company’s discretion, cash payment equal to the Fair Market Value determined as of the Settlement Date value of one Share, in each caseShare on the applicable Settlement Date, 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.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (iBio, Inc.)

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Settlement of RSU Award. On the Subject to Sections 3(a), 3(c) and 7 of this Award Agreement, on each 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 relevant Settlement Date of one Share, in each case, for each RSU that has vested 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.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (XPO Logistics, Inc.)

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 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.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (XPO Logistics, Inc.)

Settlement of RSU Award. On the Settlement Date, the Company shall deliver to you or your legal representative either (i) one Share or (ii) if not prohibited under the terms of the Appendix, 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, subject to the foregoing, the Company shall have sole discretion to determine whether to settle such RSUs in Shares, cash or a combination thereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (GXO Logistics, Inc.)

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