Payment for Restricted Stock Units. (a) The Company will pay one share of Common Stock to the Grantee for each vested Restricted Stock Unit as soon as reasonably possible following vesting under this Award Agreement.
Payment for Restricted Stock Units. (a) The Company will pay one share of Common Stock to the Grantee for each vested Restricted Stock Unit upon the earlier of the following events:
Payment for Restricted Stock Units. (a) The Company will pay one share of Common Stock to the Grantee for each vested Restricted Stock Unit upon the earlier of the following events, but in no case earlier than the date the Award becomes vested under Section 6:
Payment for Restricted Stock Units. (i) Except as otherwise provided in paragraph (ii) of this Section 4(a), Section 4(d) or Section 14 hereof, on the earlier of (i) the last day of the month in which the three (3) year anniversary of the date of this Agreement occurs, or (ii) the date on which the Director incurs a separation from service (the “Separation from Service”), within the meaning of Section 409A of the Code and applicable Treasury Regulations (such earlier date shall be referred to as the “Settlement Date”), the Director shall receive one share of Common Stock for each Restricted Stock Unit awarded hereunder, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Certificates (or other indicia of ownership) representing such shares shall be delivered to the Director as promptly as practical (but in no event more than 30 days) following the Settlement Date. Form of Non-Employee Director Annual Vesting RSU Grant
Payment for Restricted Stock Units. The Company will pay one share of Common Stock to Grantee for each vested Restricted Stock Unit as soon as reasonably possible following vesting under this Award Agreement. Notwithstanding the foregoing, in the event that Grantee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code and the Award is considered to be Nonqualified Deferred Compensation upon Grantee’s “Separation from Service” as defined below, any payment under this Award Agreement which results from a Separation from Service shall be delayed until the earlier of (i) first day of the seventh (7th) month beginning after Gxxxxxx’s Separation from Service, or (ii) Grantee’s death, if such a delay is necessary to avoid the imposition of additional tax and interest on Grantee under Section 409A(a)(1)(B) of the Code.
Payment for Restricted Stock Units. The value of each Restricted Stock Unit on the Vesting Date shall equal the Fair Market Value of a share of Company Stock, with certain exceptions as noted in the paragraph below. Payment for your Restricted Stock Units shall be made in a single lump sum cash payment as soon as practicable following the Vesting Date, but in no event later than the last day such payment may be made while still qualifying for the short–term deferral exception from Internal Revenue Code Section 409A. The value on the Vesting Date of each Restricted Stock Unit shall not exceed two times, and shall not be less than .75 times, the Grant Date Fair Market Value of one share of Company Stock. Accordingly, on the Vesting Date, the Company’s payment obligations shall not exceed $____ [Insert 2 x Grant Date FMV] per Restricted Stock Unit, and shall not be less than $____ [Insert .75 x Grant Date FMV] per Restricted Stock Unit.
Payment for Restricted Stock Units. The Restricted Stock Units that vest pursuant Exhibit A, if any, will be paid to the Grantee in Stock in a single sum within fifteen (15) business days of the applicable Vesting Date.
Payment for Restricted Stock Units. The Restricted Stock Units that vest pursuant to Section 3, if any, will be paid to the Grantee in Stock in a single sum within fifteen (15) business 1 Vesting subject to additional terms and conditions set forth herein. days after the closing of the Qualifying Transaction. For the avoidance of doubt, no payment will be made pursuant to this Agreement prior to the closing of a Qualifying Transaction.
Payment for Restricted Stock Units. Except as otherwise provided in Section 4, upon the date the RSUs subject to this Agreement become vested and unrestricted, the shares of Stock underlying the RSUs shall not be issued, but the issuance of such shares shall instead be deferred until the Distribution Date. “Distribution Date” means the date which is the earliest of (i) five (5) business days following the date on which the Grantee ceases to be a director of the Company or (ii) the date of the consummation of a Qualifying Transaction. On the Distribution Date, one share of Common Stock shall be issuable for each vested RSU, subject to the terms and conditions of the Plan and this Agreement, the Company will issue such shares of Stock to the Grantee.
Payment for Restricted Stock Units. No cash payment is required for the RSUs subject to this Award. The RSUs are granted in consideration for past or future Services rendered by Participant.
