Example ContractsClausesform and timing of paymentVariants
Form and Timing of Payment
Form and Timing of Payment contract clause examples

Form of Payment. Each Actual Award will generally be paid in cash (or its equivalent) in a single lump sum.

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Form of Payment. Each Actual Award will generally be paid in cash (or its equivalent) in a single lump sum. The Committee reserves the right to settle an Actual Award with a grant of an equity award under the Company’s then-current equity compensation plan.

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