Common use of Settlement of Vested PSUs Clause in Contracts

Settlement of Vested PSUs. Except as other provided herein, at the end of the Performance Period, the Employee (or, in the event of the Employee’s death, the Employee’s beneficiary) will receive one (1) share of Stock for each PSU that vests in accordance with this Award Agreement. PSU’s settled under this Award Agreement are intended to be exempt from Code Section 409A under the exemption for short term deferrals. Accordingly, PSU’s will be settled in shares of Stock promptly but in no later than the tenth business day following the filing with the SEC of the Company’s Form 10-K for the year ended as of the end of the Performance Period.

Appears in 2 contracts

Samples: Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.), Performance Share Unit Grant Agreement (MDC Holdings Inc)

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Settlement of Vested PSUs. Except as other provided herein, at the end of the Performance Period, the Employee (or, in the event of the Employee’s death, the Employee’s beneficiary) will receive one (1) share of Stock for each PSU that vests in accordance with this Award Agreement. PSU’s settled under this Award Agreement are intended to be exempt from Code Section 409A under the exemption for short term deferrals. Accordingly, PSU’s will be settled in shares of Stock promptly but in no later than the tenth business day following the filing with the SEC of the Company’s Form 10-K Q for the year quarter ended as of the end of the Performance Period.

Appears in 2 contracts

Samples: Performance Share Unit Grant Agreement (MDC Holdings Inc), Performance Share Unit Grant Agreement (MDC Holdings Inc)

Settlement of Vested PSUs. Except as other provided herein, at the end of the Performance Period, the Employee (or, in the event of the Employee’s death, the Employee’s beneficiary) will receive one (1) share of Stock for each PSU that vests in accordance with this Award Agreement. Except as provided in Section 5 above, PSU’s settled under this Award Agreement are intended to be exempt from Code Section 409A under the exemption for short term deferrals. Accordingly, except as provided in Section 16.10 of the Plan, PSU’s will be settled in shares of Stock promptly but in no later than the tenth business day following the filing with the SEC of the Company’s Form 10-K 10-__ for the year [quarter/year] ended as of the end of the Performance Period.

Appears in 2 contracts

Samples: Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.), Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.)

Settlement of Vested PSUs. Except as other provided herein, at the end of the Performance Period, the Employee (or, in the event of the Employee’s death, the Employee’s beneficiary) will receive one (1) share of Stock for each PSU that vests in accordance with this Award Agreement. PSU’s Except as provided in Section 5 above, PSUs settled under this Award Agreement are intended to be exempt from Code Section 409A under the exemption for short term deferrals. Accordingly, PSU’s except as provided in Section 16.1 or Section 17.10 of the Plan, PSUs will be settled in shares of Stock promptly but in no later than the tenth business day following the filing with the SEC of the Company’s Form 10-K for the year ended as of the end of the Performance Period.

Appears in 1 contract

Samples: Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.)

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Settlement of Vested PSUs. Except as other provided herein, at the end of the Performance Period, the Employee (or, in the event of the Employee’s death, the Employee’s beneficiary) will receive one (1) share of Stock for each PSU that vests in accordance with this Award Agreement. Except as provided in Section 5 above, PSU’s settled under this Award Agreement are intended to be exempt from Code Section 409A under the exemption for short term deferrals. Accordingly, except as provided in Section 16.10 of the Plan, PSU’s will be settled in shares of Stock promptly but in no later than the tenth business day following the filing with the SEC of the Company’s Form 10-K for the year ended as of the end of the Performance Period.

Appears in 1 contract

Samples: Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.)

Settlement of Vested PSUs. Except as other provided herein, at the end of the Performance Period, the Employee (or, in the event of the Employee’s death, the Employee’s beneficiary) will receive one (1) share of Stock for each PSU that vests in accordance with this Award Agreement. PSU’s settled under this Award Agreement are intended to be exempt from Code Section 409A under the exemption for short term deferrals. Accordingly, PSU’s will be settled in shares of Stock promptly but in no later than the tenth business day following the filing with the SEC of the Company’s Form 10-K Q for the year quarter ended as of the end of the Performance PeriodJune 30, 2019.

Appears in 1 contract

Samples: Performance Share Unit Grant Agreement (MDC Holdings Inc)

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