Common use of Distribution of Common Shares Clause in Contracts

Distribution of Common Shares. The Company will deliver to you a number of Common Shares equal to the sum of (i) the number of Restricted Share Units subject to your Award that become vested in accordance with the terms of this Agreement, plus (ii) any Restricted Share Units resulting from dividend equivalents credited with respect to such Restricted Share Units in accordance with Section 6 of this Agreement, as soon as practicable (but, subject to Section 7(c)(vi) of the Plan regarding blackout restrictions, in any event no later than sixty (60) days) following the date on which such Restricted Share Units become vested; provided that, notwithstanding the foregoing or anything in the Plan or this Agreement to the contrary, any remaining right to a distribution of the Common Shares will be forfeited in the event of your Termination of Service for Cause prior to the date on which the Common Shares are distributed to you or if you violate any post-employment obligation that you may have to the Company or any of its Subsidiaries or Affiliates[, including the restrictive covenants set forth in Sections 8 and 9]4.

Appears in 1 contract

Samples: Bausch & Lomb Corp

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Distribution of Common Shares. The Company will deliver to you a number of Common Shares equal to the sum of (i) the number of Restricted Share Units subject to your Award that become vested in accordance with the terms of this Agreement, plus (ii) any Restricted Share Units resulting from dividend equivalents credited with respect to such Restricted Share Units in accordance with Section 6 of this Agreement, as soon as practicable (but, subject to Section 7(c)(vi) of the Plan regarding blackout restrictions, in any event no later than sixty (60) days) following the date on which such Restricted Share Units become vested; provided that, notwithstanding the foregoing or anything in the Plan or this Agreement to the contrary, any remaining right to a distribution of the Common Shares will be forfeited in the event of your Termination of Service by the Company for Cause prior to the date on which the Common Shares are distributed to you or if you violate any post-employment obligation that you may have to the Company or any of its Subsidiaries or Affiliates[, (including the restrictive covenants set forth in Sections 8 and 9]49).

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Bausch Health Companies Inc.)

Distribution of Common Shares. The Company will deliver to you a number of Common Shares equal to the sum of (i) the number of Restricted Share Units subject to your Award that become vested in accordance with the terms of this Agreement, plus (ii) any Restricted Share Units resulting from dividend equivalents credited with respect to such Restricted Share Units in accordance with Section 6 of this Agreement, as soon as practicable (but, subject to Section 7(c)(vi7(c)(iii) of the Plan regarding blackout restrictions, in any event no later than sixty (60) days) following the date on which such Restricted Share Units become vested; provided that, notwithstanding the foregoing or anything in the Plan or this Agreement to the contrary, any remaining right to a distribution of the Common Shares will be forfeited in the event of your Termination of Service for Cause prior to the date on which the Common Shares are distributed to you or if you violate any post-employment obligation that you may have to the Company or any of its Subsidiaries or Affiliates[, including the restrictive covenants set forth in Sections 8 and 9]49.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Bausch & Lomb Corp)

Distribution of Common Shares. The Company will deliver to you (or your estate, as applicable) a number of Common Shares equal to the sum of (i) the number of Restricted Share Units subject to your Award that become vested in accordance with the terms of this Agreement, plus (ii) any Restricted Share Units resulting from dividend equivalents credited with respect to such Restricted Share Units in accordance with Section 6 of this Agreement, as soon as practicable (but, subject to Section 7(c)(vi7(c)(iii) of the Plan regarding blackout restrictions, in any event no later than sixty (60) days) following the date on which such Restricted Share Units become vested; provided that, notwithstanding the foregoing or anything in the Plan or this Agreement to the contrary, any remaining right to a distribution of the Common Shares will be forfeited in the event of your Termination of Service for Cause prior to the date on which the Common Shares are distributed to you or if you violate any post-employment obligation that you may have to the Company or any of its Subsidiaries or Affiliates[, including the restrictive covenants set forth in Sections 7, 8 and 9]49.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Bausch & Lomb Corp)

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Distribution of Common Shares. The Company will deliver to you a number of Common Shares equal to the sum of (i) the number of Restricted Share Stock Units subject to your Award that become vested in accordance with the terms of this Agreement, plus (ii) any Restricted Share Stock Units resulting from dividend equivalents credited with respect to such Restricted Share Stock Units in accordance with Section 6 of this Agreement, as soon as practicable (but, subject to Section 7(c)(vi) of the Plan regarding blackout restrictions, in any event no later than sixty (60) days) following the date on which such Restricted Share Stock Units become vested; provided that, notwithstanding the foregoing or anything in the Plan or this Agreement to the contrary, any remaining right to a distribution of the Common Shares will be forfeited in if the event of Company terminates your Termination of Service service for Cause prior to the date on which the Common Shares are distributed to you or if you violate any post-employment obligation that you may have to the Company or any of its Subsidiaries or Affiliates[, including the restrictive covenants set forth in Sections 8 7 and 9]48.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Valeant Pharmaceuticals International, Inc.)

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