Common use of Payment of PSUs Clause in Contracts

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date. The Company shall cause the issuance and delivery to the Grantee of the number of shares of Common Stock equal to the number of vested PSUs.

Appears in 4 contracts

Samples: Performance Share Unit Agreement (Audioeye Inc), Performance Share Unit Agreement (Audioeye Inc), Performance Share Unit Agreement (Audioeye Inc)

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Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date. The Company shall cause the issuance (a) issue and delivery deliver to the Grantee of the number of shares of Common Stock equal to the number of vested PSUs, and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 2 contracts

Samples: Performance Stock Unit Award Agreement (ZAGG Inc), Performance Share Unit Agreement (Rocky Brands, Inc.)

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period Cycle shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date and in any event within sixty (60) days following the vesting date. The Company shall cause the issuance (a) issue and delivery deliver to the Grantee of the number of shares of Common Stock equal to the number of vested PSUs, and (b) enter the Grantee's name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 2 contracts

Samples: Share Unit Agreement (J&j Snack Foods Corp), Share Unit Agreement (J&j Snack Foods Corp)

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Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in shares of Common Stock and shall be issued to the Grantee as soon as practicable following the vesting date, provided such payment shall be made not later than _______. The Company shall cause the issuance (i) issue and delivery deliver to the Grantee of the number of shares of Common Stock equal to the number of vested PSUsPSUs less applicable tax withholding, and (ii) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

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