Vesting of PRSUs. As contemplated by Paragraph 9(d)(ii)(f) of the PD Employment Agreement, and subject to Daumans execution and non-revocation of the First Dauman Release, Viacom shall issue on the Effective Date to Dauman 300,000 Shares (plus any dividend equivalents accrued thereon) with respect to unvested PRSUs, which number of Shares shall be settled net of applicable withholding taxes to be remitted to the applicable taxing authorities of Viacom.
Vesting of PSUs. As contemplated by Paragraph 9(d)(ii)(e) of the PD Employment Agreement, and subject to Daumans execution and non-revocation of the First Dauman Release, Viacom shall issue to Dauman up to 1,114,425 Shares (plus any dividend equivalents accrued thereon), with respect to unvested PSUs, which number of Shares shall be settled net of applicable withholding taxes to be remitted to the applicable taxing authorities by Viacom. The number of shares to be issued to Dauman will be calculated in accordance with Paragraph 4(b) of the PD Employment Agreement and such shares shall be delivered to Dauman at the times set forth in Paragraph 4(b)(iv) of the PD Employment Agreement.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.