Common use of Settlement of Stock Units Clause in Contracts

Settlement of Stock Units. Except as may otherwise be provided in this Section or pursuant to an election under Section 14(k) of the Plan, Vested Stock Units will be paid to you within thirty (30) days after the date that such Stock Units become Vested in shares of NCR common stock (such that one Stock Unit equals one share of NCR common stock) or, in NCR's sole discretion, in an amount of cash equal to the Fair Market Value of such number of shares of NCR common stock on date that immediately precedes the Vesting Date (or such earlier date upon which the Stock Units have become Vested pursuant to Section 2 of this Agreement), or a combination thereof.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (NCR Corp), Restricted Stock Unit Award Agreement (NCR Corp)

AutoNDA by SimpleDocs

Settlement of Stock Units. Except as may otherwise be provided in this Section or Section 14.12 of the Plan or pursuant to an election under Section 14(k) 14.11 of the Plan, Vested Stock Units will be paid to you within thirty (30) days after the date that such Stock Units become Vested in shares of NCR common stock (such that one Stock Unit equals one share of NCR common stock) or, in NCR's ’s sole discretion, in an amount of cash equal to the Fair Market Value of such number of shares of NCR common stock on the date that immediately precedes the Vesting Date (or such earlier date upon which the Stock Units have become Vested pursuant to Section 2 of this Agreement), or a combination thereofthereof (the date of such payment shall be referred to herein as the “Settlement Date”).

Appears in 1 contract

Samples: Form of Award Agreement (NCR Corp)

Settlement of Stock Units. Except as may otherwise be provided in this Section or pursuant to an election under Section 14(k) of the Plan, Vested Stock Units will be paid to you within thirty (30) days after the date that such Stock Units become Vested in shares of NCR common stock Common Stock (such that one Stock Unit equals one share of NCR common stockCommon Stock) or, in NCR's ’s sole discretion, in an amount of cash equal to the Fair Market Value of such number of shares of NCR common stock Common Stock on the date that immediately precedes the Vesting Date (or such earlier date upon which the Stock Units have become Vested pursuant to Section 2 of this Agreement), or a combination thereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (NCR Corp)

Settlement of Stock Units. Except as may otherwise be provided in this Section or Section 14.12 of the Plan or pursuant to an election under Section 14(k) 14.11 of the Plan, Vested Stock Units will be paid to you within thirty (30) days after the date that such Stock Units become Vested in shares of NCR common stock Common Stock (such that one Stock Unit equals one share of NCR common stockCommon Stock) or, in NCR's ’s sole discretion, in an amount of cash equal to the Fair Market Value of such number of shares of NCR common stock Common Stock on the date that immediately precedes the applicable Vesting Date (or such earlier date upon which the Stock Units have become Vested pursuant to Section 2 of this Agreement), or a combination thereofthereof (the date of such payment is referred to herein as the “Settlement Date”).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (NCR Corp)

AutoNDA by SimpleDocs

Settlement of Stock Units. Except as may otherwise be provided in this Section or pursuant to an election under Section 14(k) of the Plan, Vested Stock Units will be paid to you within thirty (30) days after the date that such Stock Units become Vested in shares of NCR common stock (such that one Stock Unit equals one share of NCR common stock) or, in NCR's ’s sole discretion, in an amount of cash equal to the Fair Market Value of such number of shares of NCR common stock on the date that immediately precedes the Vesting Date (or such earlier date upon which the Stock Units have become Vested pursuant to Section 2 of this Agreement), or a combination thereof.

Appears in 1 contract

Samples: Form of Award Agreement (NCR Corp)

Settlement of Stock Units. Except as may otherwise be provided in this Section or pursuant to an election under Section 14(k) of the Plan, Vested Stock Units will be paid to you within thirty (30) days after the date that such Stock Units become Vested in shares of NCR common stock Common Stock (such that one Stock Unit equals one share of NCR common stockCommon Stock) or, in NCR's ’s sole discretion, in an amount of cash equal to the Fair Market Value of such number of shares of NCR common stock Common Stock on date that immediately precedes the Vesting Date (or such earlier date upon which the Stock Units have become Vested pursuant to Section 2 of this Agreement), or a combination thereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (NCR Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.