Payment of Stock Units. Upon each vesting date on which the Executive is employed by the Company, the number of Stock Units which become vested on such date shall be paid to the Executive in an equal number of shares of Common Stock of the Company and, upon payment, such Stock Units are automatically fully paid and cancelled.
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Samples: Employment Agreement (Ryland Group Inc), Employment Agreement (Ryland Group Inc), Employment Agreement (Ryland Group Inc)
Payment of Stock Units. 6 7 Upon each vesting date on which the Executive is employed by the Company, the number of Stock Units which become vested on such date shall be paid to the Executive in an equal number of shares of Common Stock of the Company and, upon payment, such Stock Units are automatically fully paid and cancelled.
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