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Delivery of Placement Shares
Delivery of Placement Shares contract clause examples

Delivery of Shares. The Company shall, as soon as practicable upon the vesting of any portion of the Award (but in no event later than March 15 of the year following such vesting) effect delivery of the Shares with respect to such vested portion to the Participant (or, in the event of the Participant’s death, to the Beneficiary). No Shares will be issued pursuant to this Award unless and until all legal requirements applicable to the issuance or transfer of such Shares have been complied with to the satisfaction of the Administrator.

Delivery of Shares. Subject to Section 5 below, the Company shall, on or as soon as reasonably practicable following the Vesting Date (but in no event later than March 15 of the year following the calendar year containing such Vesting Date), effect delivery of the Shares with respect to the vested portion of the Award to the Participant (or, in the event of the Participant’s death after vesting of all or portion of the Award, to the person to whom the Award has passed by will or the laws of descent and distribution).

Delivery of Shares. The Company shall, as soon as practicable following the vesting of your Award (but in no event later than March 15th of the year following the year your Award vests) deliver the Shares with respect to such vested Award to you (or, in the event of your death, to the person to whom this Award has passed by will or the laws of descent and distribution). No Shares will be issued pursuant to this Award unless and until all legal requirements applicable to the issuance or transfer of such Shares have been complied with to the satisfaction of the Administrator and you have made arrangements to pay to the Company any applicable withholding taxes due upon the vesting and/or settlement of your Award, as provided for below.

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