Common use of Settlement of Awards Clause in Contracts

Settlement of Awards. Settlement of the RSUs that have vested or partially vested pursuant to Sections 4(b) or (c) above shall occur as soon as practicable after such vesting, but in any event, for Grantees who are U.S. taxpayers, within the period ending on the 15th day of the third month following such vesting.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (General Dynamics Corp), Restricted Stock Unit Award Agreement (General Dynamics Corp)

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Settlement of Awards. Settlement of the RSUs that have vested or partially vested pursuant to Sections 4(b) or (c) above shall occur as soon as practicable after such vesting, but in any event, for Grantees who are U.S. taxpayers, within the period ending on the 15th day of the third month following the end of the tax year (of the Grantee or of the Company, whichever is later) in which such vestingvesting has occurred.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (General Dynamics Corp)

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