Delivery of Shares. The Company shall deliver to the Employee a certificate or certificates, or at the election of the Company make an appropriate book-entry, for the number of shares of Common Stock equal to the number of vested Stock Units as soon as administratively practicable (but always by the 30th day) after the earliest of the Employee’s termination of employment, a Change in Control (but only to the extent provided in [Section 14]) or the Payment Date. The number of shares delivered shall be reduced by the value of all taxes withheld by reason of such delivery; provided that the amount that is withheld, or may be withheld at the Employee’s discretion, cannot exceed the amount of the taxes owed by the Employee using the maximum statutory tax rate in the Employee’s applicable jurisdiction(s). The Employee shall not be entitled to receive any shares of Common Stock with respect to unvested Stock Units, and the Employee shall have no further rights with regard to a Stock Unit once the underlying share of Common Stock has been delivered with respect to that Stock Unit.
Delivery of Shares. The Company shall deliver to the Employee a certificate or certificates, or at the election of the Company make an appropriate book-entry, for the number of shares of Common Stock equal to the number of vested Stock Units as soon as administratively practicable (but always by the 30th day) after the earliest of the Employee’s termination of employment, a Change in Control (but only to the extent provided in [Section 14]) or the Payment Date. The number of shares delivered shall be reduced by the value of all taxes withheld by reason of such delivery; provided that the amount that is withheld, or may be withheld at the Employee’s discretion, cannot exceed the amount of the taxes owed by the Employee using the maximum statutory tax rate in the Employee’s applicable jurisdiction(s). The Employee shall not be entitled to receive any shares of Common Stock with respect to unvested Stock Units, and the Employee shall have no further rights with regard to a Stock Unit once the underlying share of Common Stock has been delivered with respect to that Stock Unit.
Delivery of Shares. TheSubject to the terms of this Agreement, including the following sentence, and satisfaction of any withholding tax liability pursuant to [Section 4] hereof, the Company shall promptly deliver to Executive on or around the Employeevesting date (and in all events within 30 days after the applicable vesting date), a certificate or certificates, or at the election of the Company make an appropriate book-entry, forshall credit Executive’s account so as to evidence the number of shares of Common Stock equalthe Company’s common stock, if any, to which Executive is entitled hereunder, as calculated in accordance with this [Section 2]. Notwithstanding the numberforegoing, in the event of vested Stock Units as soon as administratively practicable (but always by the 30th day) after the earliest of the Employee’s termination of employment, a Change in Control (but only to the extent provided in [Section 14]) or the Payment Date. The number of shares deliveredif Executive’s employment # shall be reducedterminated by the value of all taxes withheldCompany other than for Cause or # shall be terminated by Executive for Good Reason or # shall be terminated by the Company or Executive by reason of such delivery; provided that the amount that is withheld,his Disability, or may be withheld at the Employee’s discretion, cannot exceed the amount of the taxes owedif Executive shall die while employed by the Employee usingCompany, then in such case, the maximum statutory tax rate in the Employee’s applicable jurisdiction(s). The Employee shall not be entitled to receive any shares of Common Stock with respectCompany common stock to unvested Stock Units, andwhich Executive is entitled hereunder shall be promptly issued upon such termination of employment (and in all events within 30 days after the Employee shall have no further rights with regard to a Stock Unit once the underlying share of Common Stock has been delivered with respect to that Stock Unit.applicable vesting date).
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