Award Payout. (a) The amount of the Award payout, if any, shall be determined by the Administrator following the end of the Performance Period in accordance with the terms of this Agreement and the Plan including, without limitation, all applicable adjustments to the calculation of the Performance Measures.
Award Payout. (a) The Award and the number of Performance Units that the Award represents shall, if at least the Threshold Level of Performance is met, be payable, and paid, in cash, shares of Common Stock, or a combination of cash and shares of Common Stock, as determined by the Administrator in its sole discretion.
Award Payout a. The Award and the number of Shares that the Award represents shall, to the extent vested on each particular vesting date, be payable, and paid, in whole shares of Common Stock, with cash being paid in lieu of fractional Shares and with each settlement to include any dividends that accrued on the vested Shares from the Grant Date through the settlement date.
Award Payout. (a) The Award shall be paid in cash following the determination of the amount, if any, of the Award earned by the Participant during the Performance Period, but in no event later than 90 days following the last day of the Performance Period.
Award Payout. Subject to the terms of the Plan, Awards will be paid in cash as soon as practicable at the end of each performance cycle, but not later than seventy-five days following the end of the performance cycle.
Award Payout. Unless forfeited or converted and paid earlier as provided in Section 7 or Section 9 below, the Restricted Stock Units granted hereunder will vest (“Vest”) and be converted into shares of Stock and delivered to the Employee as soon as practicable following the Vesting Date (but in no event later than 60 days following the Vesting Date) provided that the Employee is employed by the Company on the Vesting Date. The vesting and conversion from Units to Stock will be one Unit for one share of Stock.
Award Payout. (a) The Award and the number of Shares that the Award represents shall, to the extent vested on each particular vesting date, be payable, and paid, in whole Shares, cash ([currency]) or part cash and part whole Shares, with cash being paid in lieu of fractional Shares and with each settlement to include any dividends that accrued on the vested Shares from the Grant Date through the settlement date. Any such dividend adjustment shall be paid in cash. If a cash payment is made in lieu of delivering Shares, the amount of such payment shall be equal to the Fair Market Value of the Shares as of the date on which the Restricted Period lapsed.
Award Payout a. The Award and the number of Shares or cash payment that the Award represents shall, to the extent vested on each particular vesting date, be payable, and paid, in cash or in whole Shares as determined by the Committee in its absolute discretion, provided that the Participant shall have satisfied his or her tax withholding obligations as specified in this Agreement in respect of the vesting and settlement of such Award. Notwithstanding the foregoing: the company shall not be obligated to deliver any Shares during any period when it determines that the settlement of vested Restricted Stock Units and the delivery of Shares hereunder would violate any federal, state or applicable laws and/or may issue Shares subject to any restrictive legends that, as determined by the Company’s counsel, is necessary to comply with securities or other regulatory requirements;
Award Payout. (a) (i) Except as otherwise provided in an election form provided by the Director on or before December 15 of the calendar year preceding the calendar year in which this Award is granted (or, for a newly-elected director, before the effective date of the Director’s commencement of service as a Director) (the “Election Form”), fifty percent (50%) of the Restricted Stock Units granted hereunder will be converted into shares of Common Stock and delivered to the Director as soon as practicable following termination of the Director’s service on the Board (but in no event later than 60 days following such termination of service).
Award Payout. After the applicable Measurement Period has ended, the Participant shall be entitled to receive a payout of the number of Stock Units earned during the Measurement Period.
