Common use of Distribution Timing Clause in Contracts

Distribution Timing. The time of distribution of the RSUs under this Agreement may not be changed except as may be permitted by the Committee in accordance with the Plan and Code Section 409A and the applicable Treasury Regulations promulgated thereunder. For purposes of clarity, no provision of the Plan (including, without limitation, Section 11.2 thereof) shall alter the time of distribution of the RSUs under this Agreement, except as the Committee may provide consistent with the preceding sentence.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (Kilroy Realty, L.P.), Restricted Stock Unit Agreement (Kilroy Realty, L.P.), Restricted Stock Unit Agreement (Kilroy Realty, L.P.)

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Distribution Timing. The time of distribution of the RSUs under this Agreement may not be changed except as may be permitted by the Committee Administrator in accordance with the Plan and Code Section 409A and the applicable Treasury Regulations promulgated thereunder. For purposes of clarity, no provision of the Plan (including, without limitation, Section 11.2 thereof) shall alter the time of distribution of the RSUs under this Agreement, except as the Committee may provide consistent with the preceding sentence.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Indus Realty Trust, Inc.)

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