Common use of Vesting and Conversion Clause in Contracts

Vesting and Conversion. Upon each Vesting Date, the RSUs which shall have then vested shall be converted to Shares and promptly delivered to the Grantee in either certificate or book entry form. If a Vesting Date is not a Business Day, the conversion and delivery shall occur on the first Business Day following the Vesting Date.

Vesting and Conversion. Upon each Vesting Date (or, if the applicable Vesting Date is not a Business Day, on the first Business Day following the applicable Vesting Date), the RSUs which shall have then vested shall be converted to Shares and promptly delivered to the Grantee (or, in the event of death, the Grantee’s beneficiary or estate) in either certificate or book entry form. If a Vesting Date is not a Business Day, the conversion and delivery shall occur on the first Business Day following the Vesting Date.

Vesting and Conversion. Upon each Vesting Date, the RSUs which shall have ---------------------- then vested shall be converted to Shares and promptly delivered to the Grantee in either certificate or book entry form. If a Vesting Date is not a Business Day, the conversion and delivery shall occur on the first Business Day following the Vesting Date.