Common use of Timing and Form of Payment Clause in Contracts

Timing and Form of Payment. 5.1 Except as otherwise provided herein, once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible after its associated Restricted Stock Unit vests, but no later than 2½ months from the end of the calendar year in which such vesting occurs, or at a later date elected by the Participant under Section 4.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Morningstar, Inc.), Director Restricted Stock Unit Award Agreement (Morningstar, Inc.), Director Restricted Stock Unit Award Agreement (Morningstar, Inc.)

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Timing and Form of Payment. 5.1 Except as otherwise provided herein, once 4.1 Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible feasible, but not later than 60 days, after its associated Restricted Stock Unit vests, but no later than 2½ months from the end subject to any delay required by Section 5.16 of the calendar year in which such vesting occurs, or at a later date elected by the Participant under Section 4Plan.

Appears in 1 contract

Samples: Director Restricted Stock Unit Award Agreement (Morningstar, Inc.)

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Timing and Form of Payment. 5.1 Except as otherwise provided herein, once 4.1 Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible feasible, but not later than 60 days, after its associated Restricted Stock Unit vests, but no later than 2½ months from the end of the calendar year in which such vesting occurs, or at a later date elected by the Participant under Section 4.

Appears in 1 contract

Samples: Director Restricted Stock Unit Award Agreement (Morningstar, Inc.)

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