Common use of Settlement of RSU Award Clause in Contracts

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.

Appears in 4 contracts

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

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Settlement of RSU Award. Within 30 On or within thirty (30) days following the Vesting Date (the “applicable Settlement Date”), the Company shall deliver to you or your legal representative either (x) one Share Share, or (y) 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 is scheduled to be settled on such date 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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