Common use of Deferred Distribution Clause in Contracts

Deferred Distribution. Notwithstanding any other provision, the Recipient may elect pursuant to the LifePoint Hospitals Deferred Compensation Plan (the “NQDC Plan”) to defer settlement of the portion of Non-Vested RSUs to be settled in Shares until a date or event other than the Delivery Date, but only to the extent allowed by the Company and subject to the terms and conditions of the NQDC Plan, including but not limited to those provisions governing deferral elections and the timing of such deferral elections. The portion of Non-Vested RSUs subject to a valid deferral election by the Recipient under the NQDC Plan shall be distributed according to the terms of the NQDC Plan, but otherwise shall continue to be subject to the terms of this Agreement, the Plan, and the deferral election form. The portion of Non-Vested RSUs to be settled in cash if the Percentage Payable is greater than 100% shall be distributed according to the terms of this Agreement and the Plan and settlement of such portion may not be deferred pursuant to this Subsection and the NQDC Plan.

Deferred Distribution. Notwithstanding any other provision, the Recipient may elect pursuant to the LifePoint Hospitals Health Deferred Compensation Plan (the “NQDC Plan”) to defer settlement of the portion of Non-Vested RSUs to be settled in Shares until a date or event other than the Delivery Date, but only to the extent allowed by the Company and subject to the terms and conditions of the NQDC Plan, including but not limited to those provisions governing deferral elections and the timing of such deferral elections. The portion of Non-Vested RSUs subject to a valid deferral election by the Recipient under the NQDC Plan shall be distributed according to the terms of the NQDC Plan, but otherwise shall continue to be subject to the terms of this Agreement, the Plan, and the deferral election form. The portion of Non-Vested RSUs to be settled in cash if the Percentage Payable is greater than 100% shall be distributed according to the terms of this Agreement and the Plan and settlement of such portion may not be deferred pursuant to this Subsection and the NQDC Plan.