Common use of Vesting/Delivery of Shares Clause in Contracts

Vesting/Delivery of Shares. The Awardee shall vest in the granted Stock Units in accordance with the vesting schedule provided for in Section I above. Within 60 days following the date on which the Awardee becomes vested in a Stock Unit and subject to Subsection I below, the Company shall deliver to the Awardee one share of Common Stock for each Stock Unit the Awardee becomes vested in and such Stock Unit shall then terminate.

Appears in 3 contracts

Samples: Stock Award Agreement (Berry Petroleum Co), Employment Agreement (Berry Petroleum Co), Stock Award Agreement (Berry Petroleum Co)

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Vesting/Delivery of Shares. The Awardee shall vest in the granted Stock Units in accordance with the vesting schedule provided for in Section I above. Within 60 days following the date on which the Awardee becomes vested in a Stock Unit and subject to Subsection I belowUnit, the Company shall deliver to the Awardee one share of Common Stock for each Stock Unit the Awardee becomes vested in, net of any Shares withheld, if any, for tax obligations as noted in and such Stock Unit shall then terminatesubsection I below.

Appears in 1 contract

Samples: Stock Award Agreement (Berry Petroleum Co)

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