Common use of Vesting; Settlement Clause in Contracts

Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant’s continued employment with, or engagement to provide services to, the Company and any of its Affiliates, the RSUs shall vest as follows: [_____] (any date on which RSUs vest, a “Vesting Date”). Upon vesting, the RSUs shall no longer be subject to the transfer restrictions pursuant to Section 14(b) of the Plan or cancellation pursuant to Section 4 hereof. (b) Each RSU shall be settled within 10 days following the Vesting Date in shares of Common Stock.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Latham Group, Inc.), Restricted Stock Unit Award Agreement (Latham Group, Inc.)

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Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant’s continued employment with, or engagement to provide services to, the Company and any of its Affiliates, the RSUs shall vest as follows: [_____] (any date on which RSUs vest, a “Vesting Date”). Upon vesting, the RSUs shall no longer be subject to the transfer restrictions pursuant to Section 14(b) of the Plan or cancellation pursuant to Section 4 hereof.. ​ (b) Each RSU shall be settled within 10 days following the Vesting Date in shares of Common Stock.. ​

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Latham Group, Inc.)

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Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant’s continued employment with, or engagement to provide services to, the Company and any of its Affiliates, the RSUs shall vest as follows: [_____] (any date on which RSUs vest, a “Vesting Date”). Upon vesting, the RSUs shall no longer be subject to the transfer restrictions pursuant to Section 14(b) of the Plan or cancellation pursuant to Section 4 hereof.. ​ (b) Each RSU shall be settled within 10 days following the Vesting Date in shares of Common Stock.. The Company shall issue or deliver to the Participant in book entry notation or, if applicable, stock certificate form, the number of shares of Common Stock the Participant is entitled to receive under the terms of this Agreement. ​

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Latham Group, Inc.)

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