Common use of Timing and Form of Payment of PSU Award Clause in Contracts

Timing and Form of Payment of PSU Award. After the close of the Performance Period, the Committee will certify (with respect to each portion of your Target PSU Award relating to the separate Performance Goals) Achievement and determine the corresponding payout percentage of the PSU Award by multiplying the applicable half of the PSU Award by the applicable payout percentage. The results will sum to the total number of shares of Common Stock that you are entitled to receive (the “PSU Awarded Shares”). Unless you have a valid Deferral Election in place for your PSU Award (see paragraph 8 under “Important Award Details” for further information on permitted deferrals), the Company will deliver the PSU Awarded Shares and payment of the corresponding Dividend Equivalents (as defined in paragraph 7 under “Important Award Details”) as soon as administratively feasible (and no later than 74 days after the end of the Performance Period) after the Committee’s certification and determination.

Appears in 5 contracts

Samples: Long Term Incentive Compensation Award Agreement (Waste Management Inc), Long Term Incentive Compensation Award Agreement (Waste Management Inc), Long Term Incentive Compensation Award Agreement (Waste Management Inc)

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Timing and Form of Payment of PSU Award. After the close of the Performance Period, the Committee will certify (with respect to each portion of your Target PSU Award relating to the separate Performance Goals) Achievement and determine the corresponding payout percentage of the PSU Award by multiplying the applicable half of the PSU Award by the applicable payout percentage. The results will sum to the total number of shares of Common Stock that you are entitled to receive (the “PSU Awarded Shares”). Unless you have a valid Deferral Election in place for your PSU Award (see paragraph 8 7 under “Important Award Details” for further information on permitted deferrals), the Company will deliver the PSU Awarded Shares and payment of the corresponding Dividend Equivalents (as defined in paragraph 7 6 under “Important Award Details”) as soon as administratively feasible (and no later than 74 60 days after the end of the Performance Period) after the Committee’s certification and determination.

Appears in 3 contracts

Samples: Long Term Incentive Compensation Award Agreement (Waste Management Inc), Award Agreement (Waste Management Inc), Award Agreement (Waste Management Inc)

Timing and Form of Payment of PSU Award. After the close of the Performance Period, the Committee will certify (with respect to each portion of your Target PSU Award relating to the separate Performance Goals) Achievement and determine the corresponding payout percentage of the PSU Award by multiplying the applicable half of the PSU Award by the applicable payout percentage. The results will sum to the total number of shares of Common Stock that you are entitled to receive (the “PSU Awarded Shares”). Unless you have a valid Deferral Election in place for your PSU Award (see paragraph 8 under “Important Award Details” for further information on permitted deferrals), the Company will deliver the PSU Awarded Shares and payment of the corresponding Dividend Equivalents (as defined in paragraph 7 under “Important Award Details”) as soon as administratively feasible (and no later than 74 days after the end of the Performance Period) after the Committee’s certification and determination. Stock Options 1.

Appears in 2 contracts

Samples: Long Term Incentive Compensation Award Agreement (Waste Management Inc), Long Term Incentive Compensation Award Agreement (Waste Management Inc)

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Timing and Form of Payment of PSU Award. After the close of the Performance Period, the Committee will certify (with respect to each portion of your Target PSU Award relating to the separate Performance Goals) Achievement and determine the corresponding payout percentage of the PSU Award by multiplying the applicable half of the PSU Award by the applicable payout percentage. The results will sum to the total number of shares of Common Stock that you are entitled to receive (the “PSU Awarded Shares”). Unless you have a valid Deferral Election deferral in place for your PSU Award (see paragraph 8 under “Important Award Details” for further information on permitted deferrals), the Company will deliver the PSU Awarded Shares and payment of the corresponding Dividend Equivalents (as defined in paragraph 7 under “Important Award Details”) Equivalent as soon as administratively feasible (and no later than 74 days after the end of the Performance Period) after the Committee’s certification and determination.

Appears in 2 contracts

Samples: Long Term Incentive Compensation Award Agreement (Waste Management Inc), Long Term Incentive Compensation Award Agreement (Waste Management Inc)

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