Example ContractsClausesmedium of paymentIdentical
Medium of Payment
Medium of Payment contract clause examples

Payment. Each vested Restricted Stock Unit will entitle the Participant to receive one share of Stock (or other consideration of equal value, as determined by the Committee, in the event payment is made following a Change in Control). Subject to Section 6, shares of Stock (or other consideration, as applicable) will be issued to the Participant in full settlement of vested Restricted Stock Units during the 60-day period immediately following the date on which such Restricted Stock Units first became vested pursuant to Section 3. At no other time prior to the end of the Restricted Period will any Stock (or other consideration, as applicable) be issued for Restricted Stock Units pursuant to the Award. After the issuance of Stock (or other consideration, as applicable) to the Participant, the Participant will own such Stock (or other consideration, as applicable) free of all restrictions described herein. The Participant will not have the right to designate the taxable year of payment.

BRINKER INTERNATIONAL, INC (EAT) (CIK 0000703351)
Source: SEC EDGAR database • Date: October 28, 2020 • SIC: 5812 • CIK: 5812
BRINKER INTERNATIONAL, INC (EAT) (CIK 0000703351)
Source: SEC EDGAR database • Date: August 21, 2024 • SIC: 5812 • CIK: 5812

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