Common use of Vesting and Settlement Clause in Contracts

Vesting and Settlement. (a) Subject to the limitations contained herein, the Performance Units will vest as provided in Schedule A attached hereto (b) Upon the vesting of any Performance Units, as promptly as is reasonably practicable (but in any event no later than March 15 of the calendar year following the calendar year of vesting), Shares (which shall be fully paid up) shall be issued to you, and the Company shall deliver to you appropriate documentation evidencing the number of Shares issued in settlement of such vested Performance Units. However, the settlement of the Performance Units shall be conditioned upon your making adequate provision for Tax-Related Items, as discussed in Section 7 below.

Appears in 4 contracts

Samples: Executive Performance Unit Agreement (Seagate Technology PLC), Executive Performance Unit Agreement (Seagate Technology PLC), Executive Performance Unit Agreement (Seagate Technology PLC)

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Vesting and Settlement. (a) Subject to the limitations contained herein, the Performance Share Units will vest as provided in Schedule A attached hereto (b) Upon the vesting of any Performance Share Units, as promptly as is reasonably practicable (but in any event no later than March 15 of the calendar year following the calendar year of vesting), Shares (which shall be fully paid up) shall be issued to you, and the Company shall deliver to you appropriate documentation evidencing the number of Shares issued in settlement of such vested Performance Share Units. However, the settlement of the Performance Share Units shall be conditioned upon your making adequate provision for Tax-Related Items, as discussed in Section 7 below.

Appears in 2 contracts

Samples: Executive Performance Share Unit Agreement (Seagate Technology Holdings PLC), Executive Performance Share Unit Agreement (Seagate Technology Holdings PLC)

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Vesting and Settlement. (a) Subject to the limitations contained herein, the Performance Units will vest as provided in Schedule A attached hereto. (b) Upon the vesting of any Performance Units, as promptly as is reasonably practicable (but in any event no later than March 15 of the calendar year following the calendar year of vesting), Shares (which shall be fully paid up) shall be issued to you, and the Company shall deliver to you appropriate documentation evidencing the number of Shares issued in settlement of such vested Performance Units. However, the settlement of the Performance Units shall be conditioned upon your making adequate provision for Tax-Related Items, as discussed in Section 7 below.

Appears in 1 contract

Samples: Executive Performance Unit Agreement (Seagate Technology PLC)

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