Common use of Payment of PSUs Clause in Contracts

Payment of PSUs. (a) PSUs will become payable upon the Vesting Date specified in Section 3, except that in the case of death or 409A Disability, the PSUs will become payable upon such event, and in the case of a “Change in Control” within the meaning of the Plan, the PSUs will become payable as provided in Section 6(a) of the Plan and Section 11 below. The date on which the PSUs become payable is referred to herein as the Payment Date.

Appears in 4 contracts

Samples: Performance Stock Unit Agreement (Altria Group, Inc.), Performance Stock Unit Agreement (Altria Group, Inc.), Performance Stock Unit Agreement (Altria Group, Inc.)

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