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 Common Shares (as defined in the 2019 Plan) and shall be issued to the Participant as soon as practicable following the vesting date and in any event within seventy five (75) days following the vesting date. The Company shall (a) issue and deliver to the Participant the number of Common Shares equal to the number of vested PSUs, and (b) enter the Participant's name on the books of the Company as the shareholder of record with respect to the Common Shares delivered to the Participant.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Alamo Group Inc), Performance Share Unit Award Agreement (Alamo Group Inc)

AutoNDA by SimpleDocs

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in Common Shares (as defined in the 2019 Plan) shares of common stock and shall be issued to the Participant as soon as practicable following the vesting date Vesting Date and in any event within seventy five (75) days following the vesting dateno later than March 15, 2026. The Company shall (a) issue and deliver to the Participant the number of Common Shares shares of common stock equal to the number of vested PSUs, and (b) enter the Participant's ’s name on the books of the Company as the shareholder of record with respect to the Common Shares shares of common stock delivered to the Participant.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Chimera Investment Corp)

AutoNDA by SimpleDocs

Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in Common Shares (as defined in the 2019 Plan) shares of common stock and shall be issued to the Participant as soon as practicable following the vesting date Vesting Date and in any event within seventy five (75) days following the vesting dateno later than March __, 20__. The Company shall (a) issue and deliver to the Participant the number of Common Shares shares of common stock equal to the number of vested PSUs, and (b) enter the Participant's ’s name on the books of the Company as the shareholder of record with respect to the Common Shares shares of common stock delivered to the Participant.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Chimera Investment Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.