Special Rule. Notwithstanding Section 8.1, if a payment in accordance with those provisions would result in a nonexempt short-swing transaction under Section 16(b) of the Exchange Act, then the date of distribution to you shall be delayed until the earliest date upon which the distribution either would not result in a nonexempt short-swing transaction or would otherwise not result in liability under Section 16(b) of the Exchange Act.
Appears in 7 contracts
Samples: Long Term Incentive Performance Award Agreement (Lockheed Martin Corp), Long Term Incentive Performance Award Agreement (Lockheed Martin Corp), Long Term Incentive Performance Award Agreement (Lockheed Martin Corp)
Special Rule. Notwithstanding Section 8.18.1 or 8.2, if a payment in accordance with those provisions would result in a nonexempt short-swing transaction under Section 16(b) of the Exchange Act, then the date of distribution to you shall be delayed until the earliest date upon which the distribution either would not result in a nonexempt short-swing transaction or would otherwise not result in liability under Section 16(b) of the Exchange Act.
Appears in 6 contracts
Samples: Performance Stock Unit Award Agreement (Lockheed Martin Corp), Performance Stock Unit Award Agreement (Lockheed Martin Corp), Performance Stock Unit Award Agreement (Lockheed Martin Corp)
Special Rule. Notwithstanding Section 8.18.1 or 8.2, if a payment in accordance with those provisions would result in a nonexempt short-swing transaction under Section 16(b) of the Exchange Act, then the date of distribution to you shall be delayed until the earliest date Award Date: February 22, 2023 upon which the distribution either would not result in a nonexempt short-swing transaction or would otherwise not result in liability under Section 16(b) of the Exchange Act.
Appears in 1 contract
Samples: Performance Stock Unit Award Agreement (Lockheed Martin Corp)
