Deferral of RSUs. You may elect to defer the settlement of Your RSUs for a period of five years from the date such RSUs would otherwise be settled; provided, that Your deferral election is made and has been in effect for at least 12 months before the date on which such RSUs would otherwise be settled. Any such deferral will be made pursuant to the terms of a separate deferred compensation plan adopted by the Company for this purpose. Settlement of the deferred RSUs will be made in accordance with the terms of such deferred compensation plan.
Deferral of RSUs. You may elect to defer the settlement of Your vested RSUs for a period of five years from the date such RSUs would otherwise be settled; provided, that Your deferral election is made and has been in effect for at least 12 months before the date on which such RSUs would otherwise be settled. Any such deferral will be made pursuantby delivering to the terms ofCompany a separate deferred compensation plan adoptedDeferral Election in the form and in accordance with procedures established by the Company for this purpose. SettlementCompany. If You have made a timely and valid Deferral Election in accordance with procedures established by the Company, settlement of the deferred RSUs will be made in accordance with the terms of such deferred compensation plan.Deferral Election.
4.1Subsequent RSU Deferral. To the extent provided in the underlying RSU grant agreement, an Eligible Person may elect to defer the settlement of Yourhis RSUs for a period ofto the Subsequent RSU Deferral Date (i.e., five (5) years from the date such RSUssettlement would otherwise be settled;occur) by making a deferral election pursuant to this [Section 4.1] at least twelve (12) months before settlement of the RSU would otherwise occur; provided, that Your deferralno such election is made and has been inwill take effect for at least 12until twelve (12) months beforeafter the date on which such RSUs would otherwise be settled. Any such deferralthe election is made. A Subsequent RSU Deferral election made pursuant to this [Section 4.1] will apply to the entire RSU grant (i.e., a Participant may not elect to defer only a portion of the RSU grant and may not make a separate election with respect to each portion of the RSU award based on the award’s vesting schedule). Such Subsequent RSU Deferral will be madecredited to the Participant’s Account and accounted for pursuant to the terms of a separatethis Plan. RSUs deferred compensation plan adopted bypursuant to this [Section 4.1] will continue to be subject to the Company for this purpose. Settlementunderlying grant agreement to the extent the terms of the deferred RSUs will be made in accordancesuch agreement do not conflict with the terms of the Plan and the Participant’s Subsequent RSU Deferral election (e.g., the subsequent deferral and settlement provisions of this Plan, rather than the grant agreement, will govern the settlement of the RSUs). For the avoidance of doubt, if the underlying RSU grant agreement provides for the settlement of the RSUs upon a Change in Control, then such provision will have no force or effect with respect to a RSUs deferred compensation plan.pursuant to this [Section 4.1] and such RSUs will be settled on the Subsequent RSU Deferral Date.
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.