Common use of Settlement of RSUs Clause in Contracts

Settlement of RSUs. (a) The RSUs shall be settled by the Company delivering to the Employee (or after the Employee’s death, the beneficiary designated by the Employee for such purpose), on the applicable Scheduled Settlement Date, a number of RSU Shares equal to the number of RSUs vesting on such date, together with any related Dividend Equivalents.

Appears in 12 contracts

Samples: Agreement (DXC Technology Co), Service Based Restricted Stock Unit (DXC Technology Co), Service Based Restricted Stock Unit (DXC Technology Co)

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Settlement of RSUs. (a) The RSUs shall be settled by the Company delivering to the Employee (or after the Employee’s death, the beneficiary designated by the Employee for such purpose), on the applicable Scheduled Settlement Date, a number of RSU Shares equal to the number of RSUs vesting on such dateRSUs, together with any related Dividend Equivalents.

Appears in 2 contracts

Samples: Service Based Restricted Stock Unit (DXC Technology Co), Service Based Restricted Stock Unit (Perspecta Inc.)

Settlement of RSUs. (a) The Except as otherwise provided in this Agreement, the RSUs shall be settled by the Company delivering to the Employee (or after the Employee’s 's death, the beneficiary designated by the Employee for such purpose), on the applicable Scheduled Settlement Date, a number of RSU Shares equal to the number of RSUs vesting on such datewhich have vested pursuant to subsection 2(b) below, together with any related Dividend Equivalents.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (DXC Technology Co)

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Settlement of RSUs. (a) The RSUs shall be settled by the Company delivering to the Employee (or after the Employee’s death, the beneficiary designated by the Employee for such purpose), on the applicable Scheduled Settlement Date, a number of RSU Shares lump-sum cash payment equal to the product of (x) the Fair Market Value of one RSU Share on the applicable Vesting Date, multiplied by (y) the number of RSUs vesting on such date, together with any related Dividend Equivalents.

Appears in 1 contract

Samples: Service Based Restricted Stock Unit (DXC Technology Co)

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