Payment of the Account. The Company shall make a payment to the Participant in Shares as provided in Section 5 with respect to the number of Deferred Stock Units then credited to the Participant’s Account on the date of the Director’s cessation of services as a director, or if earlier, the Director’s death, disability (as defined in Section 409A of the Code (“Section 409A”)), or upon a Change in Control (as defined in Appendix A) provided that such Change in Control is a permissible distribution event under Section 409A(a)(2)(A)(v) (the “Payment Date”).
Payment of the Account. The Company shall make a payment to the Participant in cash or in Shares as provided in Section 5 with respect to the number of vested Deferred Stock Units then credited to the Participant’s Account on the date previously elected by the Director in accordance with Section 409A of the Code, or if earlier, the Director’s death, disability (as defined in Section 409A of the Code), termination of service as a director, or upon a Change in Control (as defined in Appendix A) provided that such Change in Control is a permissible distribution event under Section 409A(a)(2)(A)(v) (the “Payment Date”).
Payment of the Account. Except as otherwise provided in this Agreement, on each date that any Stock Unit shall vest hereunder (each, a “Payment Date”), the Company shall make a payment to the Employee in Stock as provided in Section 3 hereof with respect to the number of vested Stock Units and vested Additional Stock Units then credited to his Account.
Payment of the Account. The Company shall make a payment to the Participant in cash and in Shares as provided in Section 5 with respect to the number of vested DSUs then credited to the Participant’s Account on the date that is 30 days following the Participant’s termination of service as a director, or if earlier, the Participant’s death, disability (as defined in Section 409A of the Code), or upon a Reorganization Event (as defined in the Plan) provided that such Reorganization Event is a permissible distribution event under Section 409A(a)(2)(A)(v) (the “Payment Date”).
Payment of the Account. Unless the Holder has made a deferral election in accordance with the Company’s Performance Accelerated Restricted Stock Unit Deferred Compensation Plan, the Company shall make a lump sum payment to the Holder in shares of Common Stock with respect to the Units and Dividend Equivalent Units then credited to the Account each time the Units vest. The number of shares of Common Stock payable shall be equal to the sum of the number of Units and Dividend Equivalent Units credited to the Account.
Payment of the Account. Except as otherwise provided in this Agreement, the Company shall pay to the Executive on each of January 22, 2003, January 22, 2004 and January 22, 2005 (each, a "Payment Date") that number of shares of Stock which is equal to the number of vested Stock Units then credited to his Account. Notwithstanding the foregoing, upon the Executive's termination of employment by the Company for Cause (as defined in the Employment Agreement) prior to January 22, 2005, the Company shall pay to the Executive that number of shares of Stock which is equal to the number of vested Stock Units credited to his Account, in a lump sum within 10 business days following such termination.
Payment of the Account. Except as otherwise provided in this Agreement the Company shall pay to the Employee on March 4, 2005 (the "Payment Date") that number of shares of Stock which is equal to the number of vested Stock Units then credited to his Account. Notwithstanding the foregoing, in the event of a Sale, or upon the Employee's termination of employment pursuant to Sections 6(b), (c), (e) of (f) of the Employment Agreement prior to the third anniversary of the Commencement Date, the Company shall pay to the Employee that number of shares of Stock which is equal to all of the Stock Units credited to his Account, in a lump sum with 10 business days following such Sale or termination.
Payment of the Account
