Payment of PSUs. Payment in respect of the PSUs earned for the Performance Period shall be made in Common Shares and shall be issued to the Grantee as soon as practicable following the later of the vesting date or the end of the Performance Period and in any event not later than two and one-half (2-1/2) months following the end of the year in which the vesting date or the end of the Performance Period occurs. The Company shall (a) issue and deliver to the Grantee the number of Common Shares 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 Common Shares delivered to the Grantee.
Appears in 8 contracts
Samples: Equity Incentive Plan (Premier Financial Corp), Performance Share Units Award Agreement (First Defiance Financial Corp), Long Term Incentive Plan Award Agreement (United Community Financial Corp)
