Settlement. Upon the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Unit, the Participant shall be entitled to receive from the Company one share of Common Stock or (if so provided in the applicable Award agreement) an amount of cash equal to the Fair Market Value of one share of Common Stock. The Board may, in its discretion, provide that settlement of Restricted Stock Units shall be deferred, on a mandatory basis or at the election of the Participant in a manner that complies with Section 409A of the Code.
Settlement. Upon the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Unit, the Participant shall be entitled to receive from the Company one sharesuch number of shares of Common Stock or (if so provided in the applicable Award agreement)agreement or otherwise determined by the Board) an amount of cash equal to the Fair Market Value of one sharesuch number of shares of Common Stock.Stock as are set forth in the applicable Restricted Stock Unit agreement, or a combination thereof. The Board may, in its discretion, provide that settlement of Restricted Stock Units shall be deferred, on a mandatory basis or at the election of the Participant in a manner that complies with Section 409A of the Code.Code (“[Section 409A]”).
Settlement. UponUnless otherwise provided in the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to eachAward Agreement, a Participant’s Restricted Stock Unit,Units which vest shall be immediately settled by the issuance and delivery to the Participant shall be entitled to receive from the Companyof one share of CommonCompany Stock for each vested Restricted Stock Unit or (if so providedthe payment of cash in the applicable Award agreement) an amount of cash equal to the number of shares for which the Restricted Stock Unit vested multiplied by the Fair Market Value of onea share of Common Stock. The Board may, in its discretion, provide that settlement of RestrictedCompany Stock Units shall be deferred, on the vesting date, or a mandatory basis or atcombination thereof as determined by the election of the Participant in a manner that complies with Section 409A of the Code.Committee.
Settlement. Upon the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Unit,RSU, the Participant shall be entitled to receive fromCompany will pay the Companyparticipant one share of Common Stock or (if so provided in the applicable Award agreement) an amount of cash equal to the Fair Market Value of one share of Common Stock.Stock, as provided in the applicable Award agreement. The BoardAdministrator may, in its discretion, provide that settlement of Restricted Stock Units shallRSUs will be deferred, on a mandatory basis or at the election of the Participantparticipant, and to the extent applicable, in a manner that complies withconsistent the Code Section 409A of the Code.409A.
Settlement. Upon9.4Settlement of Restricted Stock Units. The Company shall issue to a Participant on the vestingdate on which Restricted Stock Units vest or on such other date set forth in the Award Agreement one share of and/or lapsing of any other restrictions (i.e., settlement) with respect toStock for each Restricted Stock Unit,Unit then becoming vested or otherwise to be settled on such date, subject to the withholding of applicable taxes. Notwithstanding the foregoing, the Committee, in its discretion, may provide for settlement of any Restricted Stock Units by payment to the Participant shall be entitled to receive from the Company one sharein cash of Common Stock or (if so provided in the applicable Award agreement) an amount of cash equal to the Fair Market Value on the payment date of one sharethe shares of Common Stock.Stock or other property otherwise issuable to the Participant pursuant to this [Section 9.4]. The Board may,Committee, in its discretion, may provide that settlement ofin any Award Agreement evidencing Restricted Stock Units shall be deferred,that, if the settlement of the Award with respect to any shares would otherwise occur on a mandatory basis or atday on which the electionsale of such shares would violate the Participant in a manner that compliesCompany’s Insider Trading Policy, then the settlement with Section 409Arespect to such shares shall occur on the next day on which the sale of such shares would not violate the Code.Insider Trading Policy.
Settlement. UponSection # Settlement of Restricted Stock Unit Awards. The Corporation shall issue to a Participant on the vestingdate on which Restricted Stock Units subject to the Participant’s Restricted Stock Unit Award vest or on such other date determined by the Committee, in its discretion, and set forth in the Award Agreement one share of and/Stock (and/or lapsing of any other restrictions (i.e., settlement) with respectnew, substituted or additional securities or other property pursuant to an adjustment described in Section 3.2) for each Restricted Stock Unit,Unit then becoming vested or otherwise to be settled on such date, subject to the withholding of applicable taxes, if any. If permitted by the Committee, the Participant shall be entitledmay elect, consistent with the requirements of Section 409A and in accordance with such procedures as the Committee may specify from time to receive fromtime, to defer receipt of all or any portion of the Company one shareshares of Common Stock or (if so providedother property otherwise issuable to the Participant pursuant to this Section 7.6. Notwithstanding the foregoing, the Committee, in its discretion, may provide in any Award Agreement for settlement of any Restricted Stock Unit Award by payment to the applicable Award agreement)Participant in cash of an amount of cash equal to the Fair Market Value on the vesting date of one sharethe shares of Common Stock. The Board may,Stock or other property otherwise issuable to the Participant pursuant to this Section 7.6. Notwithstanding the foregoing, any Stock issued or cash paid to the Participant in its discretion, provide that settlement of the Restricted Stock Units shallwill be deferred, on a mandatory basisissued or atpaid, as applicable, as soon as administratively practicable following the electionapplicable vesting date but in no event later than March 15th of the Participant in a manner that complies withyear following such vesting date (unless such Restricted Stock Unit has been deferred as permitted by the Committee under this Section 409A of the Code.7.6).
Settlement. UponPayment of Award. Following the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to eacha Restricted Stock Unit,Unit Award, settlement of the Award and payment to the Participant shall be entitledmade at such time or times in the form of cash, Shares (which may themselves be considered Restricted Stock under the Plan subject to receiverestrictions on transfer and forfeiture conditions) or a combination of cash and Shares as determined by the Committee. If the Restricted Stock Unit Award is not by its terms exempt from the Company one sharerequirements of Common Stock or (if so provided inCode Section 409A, then the applicable Award agreement) an amount of cash equalAgreement shall contain terms and conditions necessary to the Fair Market Value of one share of Common Stock. The Board may,avoid adverse tax consequences specified in its discretion, provide that settlement of Restricted Stock Units shall be deferred, on a mandatory basis or at the election of the Participant in a manner that complies withCode Section 409A of the Code.409A.
Settlement. UponThe amount payable to the vestingParticipant by the Company when an award of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Unit, the ParticipantUnits is earned shall be entitled to receive fromsettled by the Companyissuance of one share of Common Stock or (if so provided in the applicable Award agreement) an amount of cash equal to the Fair Market Value of onefor each Restricted Stock Unit that is earned. A fractional share of Common Stock. The Board may, in its discretion, provide that settlementStock shall not be deliverable when an award of Restricted Stock Units shallis earned, but a cash payment will be deferred, on a mandatory basis or at the election of the Participantmade in a manner that complies with Section 409A of the Code.lieu thereof.
Settlement. Upon the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Unit, the ParticipantCompany shall be entitleddeliver to receive from the CompanyGrantee on such vesting date or as soon as reasonably practicable but in no event later than sixty (60) days thereafter, either # one (1) share of Common Stock or (if so provided# in the applicable Award agreement)Administrator’s sole discretion, an amount of cash equal to the Fair Market Value of one# share of Common Stock.Stock on the vesting date. No fractional Shares shall be delivered; the Company shall pay cash in respect of any fractional Shares. The Board may,Company may deliver such shares either through book entry accounts held by, or in its discretion, provide that settlementthe name of, the Grantee or cause to be issued a certificate or certificates representing the number of Shares to be issued in respect of the Restricted Stock Units shall be deferred, on a mandatory basis or atUnits, registered in the electionname of the Participant in a manner that complies with Section 409A of the Code.Grantee.
Settlement. Upon the vestingSettlement and Payment of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Unit,Units. Unless otherwise determined by the Participant shall be entitled to receive from the Company one share of Common Stock or (if so provided in the applicable Award agreement) an amount of cash equal to the Fair Market Value of one share of Common Stock. The Board may, in its discretion, provide that settlement ofCommittee, Restricted Stock Units shall be deferred, onpaid in the form of Shares upon the date specified in the Award Agreement. Any Shares paid to a mandatory basis or atParticipant under this Section 10.4 may be subject to any restrictions deemed appropriate by the election of the Participant in a manner that complies with Section 409A of the Code.Committee.
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