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

Timing and Manner of Payment of Stock Units. On or as soon as administratively practical following the vesting of the total Award per Section 3 above, the Corporation shall deliver to the Director a number of shares of Common Stock equal to the number of Stock Units subject to this Award that vest on the applicable vesting date, unless such Stock Units terminate prior to the given vesting date pursuant to Section 8 and in any event subject to Section 9. The Director shall have no further rights with respect to any Stock Units that are so paid or that are terminated pursuant to Section 8.

Timing and Manner of Payment of Stock Units. On or as soon as administratively practical following each vesting of the vesting applicable portion of the total Award per Section 3 above, the Corporation shall deliver to the Director Employee a number of shares of Common Stock equal to the number of Stock Units subject to this Award that vest on the applicable vesting date, unless such Stock Units terminate prior to the given vesting date pursuant to Section 8 and in any event subject to Section 9. The Director Employee shall have no further rights with respect to any Stock Units that are so paid or that are terminated pursuant to Section 8.

Timing and Manner of Payment of Stock Units. On Subject to Sections 8 and 9, if the Award vests, pursuant to Section 3, above, on or as soon as administratively practical following the vesting of the total Award per Section 3 abovedate, the Corporation shall deliver to the Director Employee a number of shares of Common Stock (or cash equivalents) equal to the number of Stock Units subject to this Award that vest on the applicable vesting date, unless such Stock Units terminate prior to the given vesting date pursuant to Section 8 and in any event subject to Section 9vested. The Director Employee shall have no further rights with respect to any Stock Units that are so paid or that are terminated pursuant to Section 8.