Example ContractsClausesA Combination of Cash and Cortland Bancorp Shares
A Combination of Cash and Cortland Bancorp Shares
A Combination of Cash and Cortland Bancorp Shares contract clause examples
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The distribution with respect to an exercised Stand-alone Right may be made in # shares of Common Stock valued at Fair Market Value on the exercise date, # cash or # a combination of cash and shares of Common Stock, as specified in the applicable Award agreement.

(jj) “Restricted Stock Unit” means a right to receive Shares, including Restricted Stock, cash measured based upon the value of Shares, or a combination thereof, at the end of a specified deferral period.

Performance Units. The Right of a Grantee to receive a combination of cash and Shares under such terms and conditions as described in Article V.

by a combination of cash and unrestricted Shares that are owned on the date of exercise by the person entitled to exercise the Stock Option; and

An Other Stock-Based Award may be settled in full Shares, cash, or a combination thereof, as specified by the Committee in the related Award Agreement.

combination of cash and that number of other such shares of Company common stock meeting the requirements described in # sufficient to satisfy the withholding obligation; or

Cortland” has the meaning set forth in the recitals.

At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in some combination thereof.

Cash Awards which become due and payable following the attainment of the applicable performance goals or satisfaction of the applicable Service requirement (or the waiver of such goals or Service requirement) may be paid in # cash, # shares of Common Stock valued at Fair Market Value on the payment date or # a combination of cash and shares of Common Stock as the Plan Administrator shall determine.

the Borrower and any Restricted Subsidiary may # pay cash in lieu of fractional shares in connection with any dividend, split or combination of its Equity Interests or any Permitted Acquisition (or similar Investment) and # honor any conversion request by a holder of convertible Indebtedness and make cash payments in lieu of fractional shares in connection with any such conversion;

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