Common use of Form and Time of Payment of RSUs Clause in Contracts

Form and Time of Payment of RSUs. (a) Payment for the RSUs, after and to the extent they have become nonforfeitable, shall be made in the form of Common Stock. Payment shall be made as soon as administratively practicable following the date that the RSUs become nonforfeitable pursuant to Section 4 hereof (but, unless the Grantee enters into a deferral arrangement in accordance with procedures established by the Company, in no event later than required to satisfy the short-term deferral exemption under Section 409A of the Code). (b) The Company’s obligations to the Grantee with respect to the RSUs will be satisfied in full upon the issuance of Common Stock corresponding to such RSUs.

Form and Time of Payment of RSUs. (ai) Payment for the RSUs, after and to the extent they have become nonforfeitable, shall be made in the form of Common Stock. Payment shall be made as soon as administratively practicable following the date that the RSUs become nonforfeitable pursuant to Section 4 2(c) hereof (but, unless the Grantee enters into a deferral arrangement in accordance with procedures established by the Company, in no event later than required to satisfy the short-term deferral exemption under Section 409A of the Code). (bii) The Company’s obligations to the Grantee with respect to the RSUs will be satisfied in full upon the issuance of Common Stock corresponding to such RSUs.

Form and Time of Payment of RSUs. (a) Payment for the RSUs, after and to the extent they have become nonforfeitableVested, shall be made in the form of one Common StockShare for each Vested RSU. Payment shall be made as soon as administratively practicable following (but no later than 30 days following) the date that the RSUs become nonforfeitable Vested pursuant to Section 4 hereof 3 hereof. In all events, payment for the RSUs (but, unless to the Grantee enters into a deferral arrangement in accordance with procedures established by the Company, in no event later than required to satisfy extent Vested) shall be made within the short-term deferral exemption under period for purposes of Section 409A of the Code). (b) The Company’s obligations to the Grantee with respect to the RSUs will be satisfied in full upon the issuance delivery of Common Stock Shares corresponding to such RSUs.