Example ContractsClausesstaggered settlementIdentical
Staggered Settlement
Staggered Settlement contract clause examples

Normal Settlement. Except in the event of # a Participant’s Separation from Service during the Period of Restriction because of death or Disability or # a Change-in-Control that occurs prior to the Lapse Date, the Restricted Stock Units shall be settled in cash no later than the 60th day after the Lapse Date. On such date, the Company shall pay to the Participant, in a lump sum, a cash amount equal to the aggregate value of the Restricted Stock Units based upon the Fair Market Value of the Common Stock on the Lapse Date.

Source document
Directors Restricted Stock Unit Award Agreement
Source: SEC EDGAR database • Date: November 23, 2018 • SIC: 6022 • CIK: 6022
Directors Restricted Stock Unit Award Agreement
Source: SEC EDGAR database • Date: November 27, 2017 • SIC: 6022 • CIK: 6022
Directors Restricted Stock Unit Award Agreement
Source: SEC EDGAR database • Date: November 18, 2016 • SIC: 6022 • CIK: 6022
Restricted Stock Unit Award Agreement
Source: SEC EDGAR database • Date: November 20, 2015 • SIC: 6022 • CIK: 6022

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