Settlement Election Date Clause Samples

Settlement Election Date. Each Vested Unit will be settled by the delivery of one (1) share of Stock to the Participant as soon as administratively practicable following the date on which the Units have become Vested Units under Section 2(a) or, if applicable, the date the Participant has elected on the attached Deferred Settlement Election Form (any such date, the "Deferred Settlement Election Date"). The Participant may change the Deferred Settlement Election Date one time only, and only to a later date, as provided in the Deferred Settlement Election Form.