Common use of Vesting; Payment Clause in Contracts

Vesting; Payment. Provided that such Restricted Equivalents have not been forfeited pursuant to Section 5 below, the Equivalents granted to Recipient will vest on , subject to the provisions of this Award Agreement (each such date is hereinafter referred to as a “Vesting/Payment Date”). Upon the Vesting/Payment Date, the Company shall transfer to the Recipient or his or her beneficiary one share of the Company’s $0.01 par value Common Stock (“Common Stock”) for each Restricted Equivalent that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after the Vesting/Payment Date, but in no event later than the last day of the calendar year in which such Vesting/Payment Date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date occurs.

Vesting; Payment. Provided that such Restricted Equivalents have not been forfeited pursuant to Section 5 below, the Equivalents granted to Recipient will vest on November 6, 2016, subject to the provisions of this Award Agreement (each such date is hereinafter referred to as a the “Vesting/Payment Date”). Upon the Vesting/Payment Datevesting, the Company shall transfer to the Recipient or his or her beneficiary one share of the Company’s $0.01 par value Common Stock (“Common Stock”) for each Restricted Equivalent that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after after, the Vesting/Payment Date, but in no event later than the last day of the calendar year in which such the Vesting/Payment Date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date occurs.

Vesting; Payment. Provided that such Restricted Equivalents Units have not been forfeited pursuant to Section 5 below, the Equivalents Units granted to Recipient will vest on ___________, subject to the provisions of this Award Agreement (each such date is hereinafter referred to as a “Vesting/Payment Date”). Upon On the Vesting/Payment Date, the Company shall transfer to the Recipient or his or her beneficiary one share of the Company’s Common Stock, $0.01 par value Common Stock (“Common Stock”) ), for each Restricted Equivalent Unit that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after after, the Vesting/Payment Date, but in no event later than the last day of the calendar year in which such Vesting/Payment Date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date occurs.

Vesting; Payment. Provided that such Restricted Equivalents have not been forfeited pursuant to Section 5 below, the Equivalents granted to Recipient will vest on November 13, 2016, subject to the provisions of this Award Agreement (each such date is hereinafter referred to as a “Vesting/Payment Date”). Upon the Vesting/Payment Date, the Company shall transfer to the Recipient or his or her beneficiary one share of the Company’s $0.01 par value Common Stock (“Common Stock”) for each Restricted Equivalent that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after the Vesting/Payment Date, but in no event later than the last day of the calendar year in which such Vesting/Payment Date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date occurs.

Vesting; Payment. Provided that such Restricted Equivalents have not been forfeited pursuant to Section 5 below, one-third of the Equivalents granted to Recipient will vest on each of the first, second and third anniversary of the Date of Grant, subject to the provisions of this Award Agreement (each such date is hereinafter referred to as a “Vesting/Payment Date”). Upon the Vesting/Payment Date, the Company shall transfer to the Recipient or his or her beneficiary one share of the Company’s $0.01 par value Common Stock (“Common Stock”) for each Restricted Equivalent that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after the Vesting/Payment Date, but in no event later than the last day of the calendar year in which such Vesting/Payment Date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date occurs.

Vesting; Payment. Provided that such Restricted Equivalents have not been forfeited pursuant to Section 5 below, the Equivalents granted to Recipient will vest on November 5, 2015, subject to the provisions of this Award Agreement (each such date is hereinafter referred to as a the “Vesting/Payment Date”). Upon the Vesting/Payment Datevesting, the Company shall transfer to the Recipient or his or her beneficiary one share of the Company’s 's $0.01 par value Common Stock (“Common Stock”) for each Restricted Equivalent that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after after, the Vesting/Payment Date, but in no event later than the last 15th day of the third month following the end of the calendar year in which such Vesting/Payment Date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date occurs.

Vesting; Payment. Provided that such Restricted Equivalents Units have not been forfeited pursuant to Section 5 below, the Equivalents Units granted to Recipient will vest on _____, subject to the provisions of this Award Agreement (each such date is hereinafter referred to as a “Vesting/Payment Date”). Upon the Vesting/Payment Date, the Company shall transfer to the Recipient or his or her beneficiary one share of the Company’s $0.01 par value Common Stock (“Common Stock”) for each Restricted Equivalent Unit that so vests. Such shares of Common Stock shall be issued to the Recipient or his or her beneficiary on, or as soon as practicable after the Vesting/Payment Date, but in no event later than the last day of the calendar year in which such Vesting/Payment Date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date occurs.