Terms and Conditions of Distribution. (a) Distribution of a share of Stock that corresponds to a vested Restricted Stock Unit (other than a Restricted Stock Unit that vested due to Retirement Vesting) shall be made to Participant as soon as practicable after the Restricted Stock Unit vests, but not later than two and a half (2½) months after the end of the calendar year in which the Restricted Stock Unit vests.
Terms and Conditions of Distribution. The Company, or its transfer agent, will distribute to the Participant certificates for any portion of the Restricted Shares which becomes vested in accordance with this Agreement within 30 days after the vesting thereof. If the Participant dies before the Company has distributed certificates for any vested portion of the Restricted Shares, the Company will distribute certificates for that vested portion of the Restricted Shares and, to the extent provided under Section 4 hereof, the remaining balance of the Restricted Shares which become vested upon the Participant’s death in accordance with the Participant’s will or, if the Participant did not have a will, in accordance with the laws of descent and distribution. Notwithstanding the foregoing, the Committee may require the Participant, or the alternate recipient identified in the preceding paragraph, to satisfy any potential federal, state, local or other tax withholding liability. Such liability must be satisfied at the time such Restricted Shares become “substantially vested” (as defined in the regulations issued under Section 83 of the Code). At the election of the Participant, and subject to such rules and limitations as may be established by the Committee from time to time, such withholding obligations may be satisfied: (A) through a cash payment by the Participant, (B) through the surrender of shares of Stock that the Participant already owns (provided, however, to the extent shares described in this clause (B) are used to satisfy more than the minimum statutory withholding obligation, as described below, then payments made with shares of Stock in accordance with this clause (B) shall be limited to shares held by the Participant for not less than six months prior to the payment date), (C) through the surrender of shares of Stock to which the Participant is otherwise entitled in respect of the Award under this Agreement; provided, however, that such shares under this clause (C) may be used to satisfy not more than the minimum statutory withholding obligation of the Company or applicable Subsidiary (based on minimum statutory withholding rates for federal, state and local tax purposes, including payroll taxes, that are applicable to such supplemental taxable income), or (D) any combination of (A), (B) and (C); provided, however, that the Committee shall have sole discretion to disapprove of an election pursuant to any of clauses (B)-(D) and that the Committee may require that the method of satisfying ...
Terms and Conditions of Distribution. The Company is not required to issue or deliver any certificates for the vested Shares before completing the steps necessary to comply with applicable federal and state securities laws (including any registration requirements and regulations governing short swing trading of securities) and applicable stock exchange rules and practices. The Company will use commercially reasonable efforts to cause compliance with those laws, rules and practices. If the Recipient dies before the Company has distributed any vested Shares, the Company will distribute certificates to the beneficiary or beneficiaries the Recipient designated, in the proportions the Recipient specified. To be effective, a beneficiary designation must be made in writing and filed with the Company. If the Recipient failed to designate a beneficiary or beneficiaries, the Company will distribute certificates for the Common Shares to the Recipient’s surviving spouse or, if there is none, to his estate.
Terms and Conditions of Distribution. The Corporation will distribute the Restricted Stock as soon as practicable after all the Restricted Stock becomes vested. If Participant dies before the Corporation has distributed vested Restricted Stock, the Corporation will distribute such Restricted Stock to Participant's designated beneficiary(ies) or, if none are designated or surviving, to Participant's estate or personal representative. The Corporation will distribute the vested Restricted Stock no later than six months after Participant's death.
Terms and Conditions of Distribution. The Company may distribute certificates for the Restricted Stock as soon as practicable after it becomes vested. Subject to the terms of the Shareholders Agreement or other applicable agreement, if the Participant dies before the Company has distributed Shares for the vested Restricted Stock, the Company shall distribute certificates for the vested Restricted Stock to the beneficiary or beneficiaries the Participant designated, in the proportions the Participant specified. If the Participant failed to designate a beneficiary or beneficiaries, the Company shall distribute certificates for the vested Restricted Stock to the Participant’s estate. Notwithstanding the foregoing, the Company shall not distribute the certificates for the Restricted Stock until the Participant has paid to the Company any amount required to be withheld for federal, state or local taxes or has otherwise satisfied the requirements of Section 10 hereof.
Terms and Conditions of Distribution. The Company shall distribute certificates for Award Shares as soon as practicable after they become vested. If the Participant dies before the Company has distributed all vested Award Shares, the Company shall distribute certificates for the vested Award Shares to the beneficiary or beneficiaries the Participant designated, in the proportions the Participant specified. If the Participant failed to designate a beneficiary or beneficiaries, the Company shall distribute certificates for the vested Award Shares to the Participant’s estate. The Company shall distribute certificates for the vested Award Shares no later than six months after the Participant’s death. Notwithstanding the foregoing, the Company shall not distribute the certificates for the Award Shares until the Participant has paid to the Company or a Subsidiary the amount required to be withheld for federal, state or local taxes. The Participant may satisfy the required withholding amount by directing that the Company use for this purpose a portion of the Award Shares that would otherwise be distributed to him/her.
Terms and Conditions of Distribution. (a)Distribution of a share of Stock that corresponds to a vested Restricted Stock Unit shall be made to Participant as soon as practicable after the Restricted Stock Unit vests, but not later than two and a half (2½) months after the end of the calendar year in which the Restricted Stock Unit vests (except that, in the event of a Retirement, distribution shall be made not later than sixty (60) days after the applicable vesting date pursuant to Section 4(a) and Participant shall not be permitted, directly or indirectly, to designate the taxable year of the distribution).
Terms and Conditions of Distribution. (a) Vested stock units subject to the Grant shall be distributed in accordance with the Grantee’s permitted elections under the Plan and otherwise in accordance with the terms of the Plan.
Terms and Conditions of Distribution. (a)Distribution of a share of Stock that corresponds to a vested Restricted Stock Unit shall be made to Participant as soon as practicable after all the Restricted Stock Units vest, but not later than two and a half (2 1/2) months after the end of the calendar year in which such vesting occurs, subject to any elections the Participant may make pursuant to the Cboe Global Markets, Inc. Director Equity Deferral Plan.
Terms and Conditions of Distribution. Certificates for Restricted Shares will be distributed as soon as practicable after they vest. If the Participant dies, either before or after termination of employment, before his or her vested Restricted Shares have been distributed, certificates for the Shares will be distributed to the beneficiary or beneficiaries he or she designated, in the proportions he or she specified. To be effective, a beneficiary designation must be made in writing. If the Participant failed to designate a beneficiary or beneficiaries, certificates for the Shares will be distributed to the Participant's personal representative. Certificates for the Shares will be distributed no later than six months after the Participant's death. Distribution will not be made before the first date the Restricted Shares may be distributed to the Participant without penalty or forfeiture under federal or state laws or regulations governing short swing trading of securities. In determining whether a distribution would result in such a penalty or forfeiture, the Company and the Committee may rely upon information reasonably available to them or upon representations of the Participant's legal or personal representative.
