Common use of Settlements of Awards Clause in Contracts

Settlements of Awards. Settlement of vested RSUs shall be made in the form of Shares. Distribution to a Grantee of an amount (or amounts) from settlement of vested RSUs can be deferred to a date after settlement as determined by the Committee and is further subject to the provisions of Section ‎18. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until the grant of RSUs is settled, the number of Shares underlying such RSUs shall be subject to adjustment pursuant hereto. - 22 - 12.

Appears in 1 contract

Samples: 2014 Share Incentive Plan

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Settlements of Awards. Settlement of vested RSUs shall be made in the form of Shares. Distribution to a Grantee of an amount (or amounts) from settlement of vested RSUs can be deferred to a date after settlement as determined by the Committee and is further subject to the provisions of Section ‎18. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until the grant of RSUs is settled, the number of Shares underlying such RSUs shall be subject to adjustment pursuant hereto. - 22 - 12.

Appears in 1 contract

Samples: 2014 Share Incentive Plan (CyberArk Software Ltd.)

Settlements of Awards. Settlement of vested RSUs shall be made in the form of SharesShares or cash (in case of 102 Trustee Awards, the settlement shall be made in the form of shares only). Distribution to a Grantee of an amount (or amounts) from settlement of vested RSUs can be deferred to a date after settlement as determined by the Committee and is further subject to the provisions of Section ‎18Committee. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until the grant of RSUs is settled, the number of Shares underlying such RSUs shall be subject to adjustment pursuant hereto. - 22 - 12.

Appears in 1 contract

Samples: Polyrize Security Ltd. 2019 Share Incentive Plan Amendment (Varonis Systems Inc)

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Settlements of Awards. Settlement of vested RSUs shall be made in the form of Shares. Distribution to a Grantee of an amount (or amounts) from settlement vesting of vested RSUs can be deferred to a date after settlement vesting as determined by the Committee and is further subject to the provisions of Section ‎1811.4 and Section 16. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until the grant of RSUs is settled, the number of Shares underlying such RSUs shall be subject to adjustment pursuant hereto. - 22 - 12.

Appears in 1 contract

Samples: Share Incentive Plan (CyberArk Software Ltd.)

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