Example ContractsClausessettlement of awardVariants
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Settlement. The RSUs shall be settled on or as soon as administratively practicable following each applicable date of vesting under the vesting schedule set forth in the Notice (and in no event later than 2 1/2 months following the end of the year in which such vest date occurs). Settlement of RSUs shall be in Shares. No fractional RSUs or rights for fractional Shares shall be created pursuant to this Agreement.

Settlement. TheTo the extent the RSUs shall be settled on or(including RSUs representing any accrued Dividend Equivalents) vest, the Company will settle the vested RSUs in Shares with you receiving one Share for each RSU as soon as administratively practicable following each applicable date of vesting underthe Vesting Date. No Shares will be delivered upon the vesting schedule set forth in the Notice (and in no event later than 2 1/2 months following the end of the year in which such vest date occurs). Settlement of RSUs shall be in Shares. No fractional RSUs or rights for fractional Shares shall be created pursuant tounless you have complied with your obligations under this Agreement.Agreement and the Plan.

Settlement. The RSUsSettlement of RSUs. Each vested RSU shall be settled during the period beginning on the applicable Vesting Date and ending on the later of: # the last day of the calendar year in which such Vesting Date occurs or as soon as administratively practicable following each applicable date# March 15th of vesting under the vesting schedule set forth in the Notice (and in no event later than 2 1/2 monthscalendar year following the end of the calendar year in which such vest date occurs)Vesting Date occurs (the “Settlement Date”). SettlementThe Company will settle vested RSUs by issuing to Participant, on a one-for-one basis, Shares of RSUsCommon Stock of the Company or cash equal to the Fair Market Value of such Shares. In no event shall Participant be permitted to designate the taxable year in Shares. No fractional RSUs or rights for fractional Shareswhich settlement of an RSU shall be created pursuant to this Agreement.occur.

Settlement. The RSUs shall be settled on or asAs soon as administrativelyreasonably practicable following each applicable date of vesting underafter the vesting schedule set forth in the Notice (and inof any RSUs, but no event later than 2 1/2 months followingthirty (30) days thereafter, the endCompany shall issue to the Grantee a number of Shares equal to the year in which such vest date occurs). Settlementnumber of RSUs shall be in Shares. No fractional RSUs or rights for fractional Shares shall be created pursuant to this Agreement.that vested.

Settlement. The RSUs shallSettlement of RSU. Each RSU, at the discretion of the Committee, will be settled on orin Shares as soon as administratively practicable following each applicable date of vesting underafter the vesting schedule set forth in the Notice (andVesting Date but in no event later than 2 1/2 months following60 days after unvested RSUs become vested RSUs. You shall retain 50% of the net after-tax Shares that are earned under this Award until the earlier of # the end of the two-year in which such vestperiod commencing on the date occurs). Settlementany Shares earned under this Award are issued and # your termination of RSUs shall be in Shares. No fractional RSUs or rights for fractionalemployment. Executives are required to own Shares shall be created pursuantat designated multiples of their base salary. If you have not achieved an applicable stock ownership requirement, the Company may require you to hold additional net after-tax Shares received under this Agreement.Award until the requirement is met.

Time of Settlement. RSUs that are not forfeited shall be settled after the applicable Vesting Date for such RSUs, or, if earlier, after a separation from service that provides for vesting of all or a portion of the unvested RSUs under this [Section 2], but in any event within 60 days after the earlier of such dates to occur; provided, however, if you are age 65 or older on the Award Date or you turn 65 prior to the first anniversary of the Award Date, the first anniversary of the Award Date shall be the Vesting Date for all of your RSUs, and the RSUs shall be settled within 60 days after such date; provided, further, if you turn 65 after the first anniversary of the Award Date but prior to the last day of the Restricted Period, your 65th birthday shall be the final Vesting Date for any RSUs that you hold that have not been previously settled or forfeited, and the RSUs shall be settled within 60 days after such date. The RSUs shall be settled on or as soon as administratively practicable followingby delivery of one share of Common Stock for each applicable date of vesting underRSU being settled, or, at the vesting schedule set forth in the Notice (and in no event later than 2 1/2 months following the enddiscretion of the year in which such vest date occurs). Settlement of RSUs shall be in Shares. No fractional RSUs or rights for fractional Shares shall be created pursuant to this Agreement.Company, the cash equivalent thereof.

Time of Settlement. TheRSUs that are not forfeited shall be settled promptly upon expiration of the applicable Restricted Period (i.e., upon vesting), but in any event within 60 days after expiration of the Restricted Period (except as otherwise provided in this [Section 2]), by delivery of one share of Common Stock for each RSU being settled, or, at the discretion of the Company, the cash equivalent thereof; provided, however, that settlement of an RSU shall be subject to the Company’s “Compliance Rules Under Code Section 409A” (the “ Compliance Rules”), including if applicable the six-month delay rule under [Section 2(b)(ii)] of the Compliance Rules to the extent the RSUs are subject to Section 409A, payment is on account of your “separation from service” and you are a “specified employee” within the meaning of [Section 409A]; provided further, that no dividend or dividend equivalents will be paid, accrued or accumulated in respect of the period during which settlement was delayed. (Note: This rule may apply to a portion of the RSUs that vest after the time you become Retirement eligible under the Plan, and could apply in other cases as well). Settlement of RSUs that directly or indirectly result from adjustments to RSUs shall occur at the time of settlement of, and subject to the restrictions and conditions that apply to the granted RSUs. Settlement of cash amounts that directly or indirectly result from adjustments to RSUs shall be settled on orincluded as part of your regular payroll payment as soon as administratively practicable following each applicableafter the settlement date for the underlying RSUs, and subject to the restrictions and conditions that apply to, the granted RSUs. Until shares are delivered to you in settlement of vesting under the vesting schedule set forth in the Notice (and in no event later than 2 1/2 months following the endRSUs, you shall have none of the yearrights of a stockholder of the Company with respect to the shares issuable in which such vest date occurs). Settlementsettlement of the RSUs, including the right to vote the shares and receive actual dividends and other distributions on the underlying shares of Common Stock. Shares of stock issuable in settlement of RSUs shall be delivered to you upon settlement in Shares. No fractional RSUscertificated form or in such other manner as the Company may reasonably determine. At that time, you will have all of the rights for fractional Shares shall be created pursuant to this Agreement.of a stockholder of the Company.

Settlement. The#SETTLEMENT OF RSUs. Vested RSUs shall be settled by a cash payment for each such RSU in an amount equal to the Fair Market Value of a share of Common Stock on orthe day immediately preceding the Vesting Date set forth in [Exhibit A], such payment to be made as soon as administratively practicable following each applicable date of vesting under the vesting schedule set forthof the applicable RSUs and, in the Notice (and inany event, no event later than 2 1/2 monthsMarch 15th of the calendar year following the end of the year in which the applicable RSUs vest. Each such vest date occurs). Settlement of RSUspayment shall be in Shares. No fractionalaccompanied by a payment of the cash accrued as dividend equivalents with respect to the RSUs or rights for fractional Shares shall be created pursuant to this Agreement.then vested.

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