Common use of Settlement of Awards Clause in Contracts

Settlement of Awards. Pursuant to Section 5 above, the Corporation shall deliver to the Employee one Share for each earned Performance Share (and, as applicable, for the accrued dividend equivalents) as determined in accordance with the provisions set forth in the Addendum and this Agreement. Any earned Performance Shares payable to the Employee (including Shares payable pursuant to Section 6 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

Appears in 5 contracts

Samples: Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp)

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Settlement of Awards. Pursuant to Section 5 above, the Corporation shall deliver to the Employee one Share for each earned Performance Share (and, as applicable, for the accrued dividend equivalents) as determined in accordance with the provisions set forth in the Addendum and this AgreementAddendum. Any earned Performance Shares payable to the Employee (including Shares payable pursuant to Section 6 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

Appears in 4 contracts

Samples: Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp)

Settlement of Awards. Pursuant to Section 5 above, the The Corporation shall deliver to the Employee one Share or more Shares for each earned Performance Share (and, as applicable, for the accrued dividend equivalents) as determined in accordance with the provisions set forth in the Addendum and this Agreement. Any earned Performance Shares payable to the Employee (including Shares payable pursuant to Section 6 above5) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

Appears in 3 contracts

Samples: Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp)

Settlement of Awards. Pursuant to Section 5 above, the The Corporation shall deliver to the Employee one Share for each earned Performance Share performance share (and, as applicable, for the accrued and dividend equivalents) earned as determined in accordance with the provisions set forth in the Addendum and addendum to this Agreement. Any The earned Performance Shares performance shares payable to the Employee (including Shares payable pursuant to Section Paragraph 6 above) shall be paid solely in Shares. Any fractional Share share will be rounded to the closest whole Shareshare.

Appears in 2 contracts

Samples: Performance Share Agreement (Potlatch Corp), Performance Share Agreement (Potlatch Corp)

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Settlement of Awards. Pursuant to Section 5 above5, the Corporation shall deliver to the Employee one Share for each earned Performance Share (and, as applicable, for the accrued dividend equivalents) as determined in accordance with the provisions set forth in the Addendum and this Agreement. Any earned Performance Shares payable to the Employee (including Shares payable pursuant to Section 6 above6) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

Appears in 1 contract

Samples: Performance Share Agreement (Clearwater Paper Corp)

Settlement of Awards. Pursuant to Section 5 above, the Corporation shall deliver to the Employee one Share for each earned Performance Share (and, as applicable, for the accrued dividend equivalents) as determined in accordance with the provisions set forth in the Addendum and this Agreement. Any earned Performance Shares payable to the Employee (including Shares payable pursuant to Section 6 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

Appears in 1 contract

Samples: Performance Share Agreement (Potlatch Corp)

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