Common use of Settlement of Performance-Based RSUs Clause in Contracts

Settlement of Performance-Based RSUs. Promptly after the Vesting Date (but in no event later than 75 days after the end of the calendar year in which the Vesting Date occurs (i.e., by no later than March 15, 2012)), the Company shall distribute to the Employee a number of shares of Common Stock equal to the number of Performance-Based RSUs that become vested in accordance with Section 2(b) hereof. Any number of Performance-Based RSUs that do not become vested in accordance with Section 2(b) hereof (to the extent not already previously forfeited pursuant to Section 2(b)(i)(B) above) shall, effective as of the Vesting Date, be forfeited by the Employee without consideration and this Agreement shall terminate without payment in respect thereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Rockwood Holdings, Inc.)

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Settlement of Performance-Based RSUs. Promptly after the Vesting Date (but in no event later than 75 days after the end of the calendar year in which the Vesting Date occurs (i.e., by no later than March 15, 20122013)), the Company shall distribute to the Employee a number of shares of Common Stock equal to the number of Performance-Based RSUs that become vested in accordance with Section 2(b2(a) hereof. Any number of Performance-Based RSUs that do not become vested in accordance with Section 2(b2(a) hereof (to the extent not already previously forfeited pursuant to Section 2(b)(i)(B2(a)(i)(B) above) shall, effective as of the Vesting Date, be forfeited by the Employee without consideration and this Agreement shall terminate without payment in respect thereof.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Rockwood Holdings, Inc.)

Settlement of Performance-Based RSUs. Promptly after the Vesting Date (but in no event later than 75 days after the end of the calendar year in which the Vesting Date occurs (i.e., by no later than March 15, 2012)), the Company shall distribute to the Employee a number of shares of Common Stock equal to the number of Performance-Based RSUs that become vested in accordance with Section 2(b2(a) hereof. Any number of Performance-Based RSUs that do not become vested in accordance with Section 2(b2(a) hereof (to the extent not already previously forfeited pursuant to Section 2(b)(i)(B2(a)(i)(B) above) shall, effective as of the Vesting Date, be forfeited by the Employee without consideration and this Agreement shall terminate without payment in respect thereof.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Rockwood Holdings, Inc.)

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Settlement of Performance-Based RSUs. Promptly after the Vesting Date (but in no event later than 75 days after the end of the calendar year in which the Vesting Date occurs (i.e., by no later than March 15, 20122013)), the Company shall distribute to the Employee a number of shares of Common Stock equal to the number of Performance-Based RSUs that become vested in accordance with Section 2(b) hereof. Any number of Performance-Based RSUs that do not become vested in accordance with Section 2(b) hereof (to the extent not already previously forfeited pursuant to Section 2(b)(i)(B) above) shall, effective as of the Vesting Date, be forfeited by the Employee without consideration and this Agreement shall terminate without payment in respect thereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Rockwood Holdings, Inc.)

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