Payment of Restricted Stock Units. Subject to the other provisions of the Plan, after the last day of the Period of Restriction applicable to a Participant’s Restricted Stock Units, and after all conditions and restrictions applicable to Restricted Stock Units have been satisfied or lapse (including satisfaction of any applicable withholding tax obligations), pursuant to the applicable Award Agreement, such Restricted Stock Units shall be settled by a cash payment determined by reference to the then-current Fair Market Value of Shares.
Payment of Award. Following the vesting of a Restricted Stock Units. SubjectUnit Award, settlement of the Award and payment to the other provisionsParticipant shall be made at such time or times in the form of the Plan, after the last day of the Period of Restriction applicable to a Participant’scash, Shares (which may themselves be considered Restricted Stock Units,under the Plan subject to restrictions on transfer and after all conditionsforfeiture conditions) or a combination of cash and restrictions applicable toShares as determined by the Committee. If the Restricted Stock Units have been satisfied or lapse (including satisfactionUnit Award is not by its terms exempt from the requirements of any applicable withholding tax obligations), pursuant toCode Section 409A, then the applicable Award Agreement, such Restricted Stock UnitsAgreement shall be settled by a cash payment determined by referencecontain terms and conditions necessary to the then-current Fair Market Value of Shares.avoid adverse tax consequences specified in Code Section 409A.
Payment9.4Settlement of Restricted Stock Units. Subject to the other provisions of the Plan, after the last day of the Period of Restriction applicableThe Company shall issue to a Participant’s Restricted Stock Units, and after all conditions and restrictions applicable toParticipant on the date on which Restricted Stock Units have been satisfiedvest or lapse (including satisfactionon such other date set forth in the Award Agreement one share of any applicable withholding tax obligations), pursuantStock for each Restricted Stock Unit then becoming vested or otherwise to be settled on such date, subject to the withholding of applicable Award Agreement, suchtaxes. Notwithstanding the foregoing, the Committee, in its discretion, may provide for settlement of any Restricted Stock Units shall be settled by a cash payment determined by reference to the then-currentParticipant in cash of an amount equal to the Fair Market Value on the payment date of Shares.the shares of Stock or other property otherwise issuable to the Participant pursuant to this [Section 9.4]. The Committee, in its discretion, may provide in any Award Agreement evidencing Restricted Stock Units that, if the settlement of the Award with respect to any shares would otherwise occur on a day on which the sale of such shares would violate the Company’s Insider Trading Policy, then the settlement with respect to such shares shall occur on the next day on which the sale of such shares would not violate the Insider Trading Policy.
PaymentSettlement. Upon the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Units. SubjectUnit, the Participant shall be entitled to receive from the other provisionsCompany such number of the Plan, after the last dayshares of the Period of Restriction applicable to a Participant’s RestrictedCommon Stock Units, and after all conditions and restrictions applicable to Restricted Stock Units have been satisfied or lapse (including satisfaction of any applicable withholding tax obligations), pursuant to(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 such number of shares of Common 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 settled bydeferred, on a cash payment determined by reference tomandatory basis or at the then-current Fair Market Valueelection of Shares.the Participant in a manner that complies with Section 409A of the Code (“[Section 409A]”).
Payment of Restricted Stock Units. Subject toSettlement. Unless otherwise provided in the other provisions of the Plan, after the last day of the Period of Restriction applicable toAward Agreement, a Participant’s Restricted Stock Units,Units which vest shall be immediately settled by the issuance and after all conditions and restrictions applicabledelivery to the Participant of one share of Company Stock for each vested Restricted Stock Units have been satisfiedUnit or lapse (including satisfactionthe payment of any applicable withholding tax obligations), pursuantcash in an amount equal to the applicable Award Agreement, suchnumber of shares for which the Restricted Stock Units shall be settledUnit vested multiplied by a cash payment determined by reference to the then-current Fair Market Value of Shares.a share of Company Stock on the vesting date, or a combination thereof as determined by the Committee.
PaymentDelivery of Restricted Stock Units.Shares. Subject to the other provisions of the Plan, after the last day of the Period of Restriction applicable to a Participant’s shares of Restricted Stock Units,(whether through the lapse of time or early termination as provided above), and after all conditions and restrictions applicable to such shares of Restricted Stock Units have been satisfied or lapselapsed (including satisfaction of any applicable withholding tax obligations), pursuant to the applicable Award Agreement, such shares of Restricted Stock Units shall be settledbecome freely transferable by a cash payment determined by reference to the then-current Fair Market Value of Shares.such Participant.
PaymentSettlement. Upon the vesting of and/or lapsing of any other restrictions (i.e., settlement) with respect to each Restricted Stock Units. SubjectUnit, the Participant shall be entitled to receive from the other provisionsCompany one share of the Plan, after the last day of the Period of Restriction applicable to a Participant’s RestrictedCommon Stock Units, and after all conditions and restrictions applicable to Restricted Stock Units have been satisfied or lapse (including satisfaction of any applicable withholding tax obligations), pursuant to(if so provided in the applicable Award Agreement, suchagreement) 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 settled bydeferred, on a cash payment determined by reference tomandatory basis or at the then-current Fair Market Valueelection of Shares.the Participant in a manner that complies with Section 409A of the Code.
PaymentSection # Settlement of Restricted Stock Units. SubjectUnit Awards. The Corporation shall issue to a Participant on the other provisions ofdate on which Restricted Stock Units subject to the Plan, after the last day of the Period of Restriction applicable to a Participant’s Restricted Stock Units,Unit Award vest or on such other date determined by the Committee, in its discretion, and afterset forth in the Award Agreement one share of Stock (and/or any other new, substituted or additional securities or other property pursuant to an adjustment described in [Section 3.2]) for each Restricted Stock 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 may elect, consistent with the requirements of Section 409A and in accordance with such procedures as the Committee may specify from time to time, to defer receipt of all conditions and restrictions applicableor any portion of the shares of Stock or other 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 Participant in cash of an amount equal to the Fair Market Value on the vesting date of the shares of 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 settlement of the Restricted Stock Units have been satisfiedwill be issued or lapse (including satisfaction of any applicable withholding tax obligations), pursuant topaid, as applicable, as soon as administratively practicable following the applicable Award Agreement,vesting date but in no event later than March 15th of the year following such vesting date (unless such Restricted Stock Units shall be settledUnit has been deferred as permitted by a cash payment determined by reference to the then-current Fair Market Value of Shares.Committee under this [Section 7.6]).
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