Common use of Timing and Manner of Payment of Restricted Stock Units Clause in Contracts

Timing and Manner of Payment of Restricted Stock Units. On or as soon as administratively practical following each vesting of the applicable portion of the Restricted Stock Units subject to the Award, (and in all events not later than two and one-half months after the applicable vesting date), the Company shall deliver to the Participant a number of shares of Common Stock (either by delivering one or more certificates for such shares or by entering such shares in book entry form, as determined by the Company in its discretion) equal to the number of Restricted Stock Units subject to this Award that vest on the applicable vesting date, unless such Stock Units terminate prior to the given vesting date. The Participant shall have no further rights with respect to any Restricted Stock Units that are paid or that terminate.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Malibu Boats, Inc.), Restricted Stock Unit Award Agreement (Malibu Boats, Inc.), Restricted Stock Unit Award Agreement (Malibu Boats, Inc.)

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Timing and Manner of Payment of Restricted Stock Units. On or as soon as administratively practical following each the vesting of the applicable portion of the Restricted Stock Units subject Award pursuant to the AwardSection 3, Section 8 or Section 9 (and in all events not later than two and oneany event within seventy-half months after the applicable five (75) days following such vesting dateevent), the Company Corporation shall deliver to the Participant a number of shares of Common Stock (either by delivering one or more certificates for such shares or by entering such shares in book entry form, as determined by the Company Corporation in its discretion) equal to the number of Restricted Stock Units subject to this Award that vest on the applicable vesting date, unless such Restricted Stock Units terminate prior to the given vesting date. The Participant shall have no further rights with respect date pursuant to Section 8; provided, however, that any payment hereunder of the Restricted Stock Units that are paid is triggered by a termination of the Participant's employment or that terminate.services shall be subject to Section 29(c)

Appears in 1 contract

Samples: Incentive Plan Restricted Stock Unit Award Agreement (Pacific Sunwear of California Inc)

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