Common use of Time and Form of Payment Clause in Contracts

Time and Form of Payment. Subject to satisfaction of tax or similar obligations as provided for in Section 9, any vested Restricted Stock Unit Awards shall be paid by Micro in shares of Common Stock (on a one-to-one basis) within 30 days after the applicable vesting date (which for purposes of this Section 5 includes the date of any accelerated vesting under Section 7 below); provided that such payment is intended to satisfy the short-term deferral exemption under Section 1.409A-1(b)(4) of the Department of Treasury regulations and shall be made not later than 2-½ months after the end of the year in which such vesting date occurs.

Time and Form of Payment. Subject to satisfaction of tax or similar obligations any Tax-Related Items as provided for in Section 98 of this Award Agreement, any vested Restricted Stock Unit Awards shall be paid by Micro in shares of Common Stock Shares (on a one-to-one basis) within 30 days after the applicable vesting date Vesting Date stated above (which for purposes of this Section 5 3 includes the date of any accelerated vesting under Section 7 6 below); provided that such payment is intended to satisfy the short-term deferral exemption under Section 1.409A-1(b)(4) of the Department of Treasury regulations and shall be made not later than 2-½ months after the end of the year in which such vesting date occurs.