Common use of Payment after Vesting Clause in Contracts

Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs 3 or 4 will be paid to the Employee as soon as practicable following the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 4 contracts

Samples: Performance Share Agreement (Planar Systems Inc), Performance Share Agreement (Planar Systems Inc), Performance Share Agreement (Planar Systems Inc)

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Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs paragraph 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 4 contracts

Samples: Performance Share Agreement (Echelon Corp), Performance Share Agreement (Echelon Corp), Performance Share Agreement (Echelon Corp)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 3 contracts

Samples: Performance Share Agreement (Echelon Corp), Share Agreement (Echelon Corp), Echelon Corp

Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs 3 or through 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) as soon as practicable following the date of vesting, subject to paragraph 8. Any Performance Shares that vest in accordance with paragraphs 5 or 11 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in accordance with the provisions of such paragraphs, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 2 contracts

Samples: Performance Share Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs Sections 3 or 4 through 5 will be paid to the Employee as soon as practicable following the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one ShareSection 9.

Appears in 2 contracts

Samples: Northwest Pipe Company (Northwest Pipe Co), Northwest Pipe Company (Northwest Pipe Co)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs 3 or 4 will be paid to the Employee as soon as practicable following the date of vesting but in no event later than 30 days after the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 1 contract

Samples: Performance Share Agreement (Planar Systems Inc)

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Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs paragraph 3 or 4 will be paid to the Employee as soon as practicable following (or in the date event of vestingthe Employee’s death, subject to paragraph 8. For each his or her estate) in Shares, provided that to the extent determined appropriate by the Company, any national, state and local withholding of taxes and/or social security contributions with respect to such Performance Share that vestsShares, if applicable, will be paid by the Employee will receive one Sharepursuant to Section 18 below.

Appears in 1 contract

Samples: Performance Share Agreement (Juniper Networks Inc)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs 3 or 4 through 5 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares that have an aggregate Fair Market Value equal to the value of the earned Performance Shares at vesting as soon as practicable following the date of vesting, subject to paragraph 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 1 contract

Samples: Performance Share Agreement (Applied Materials Inc /De)

Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs Sections 3 or 4 will be paid to the Employee as soon as practicable following the date of vesting, subject to paragraph Section 8. For each Performance Share that vests, the Employee will receive one Share.

Appears in 1 contract

Samples: Performance Share Agreement (Northwest Pipe Co)

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