Common use of Settlement of Units Clause in Contracts

Settlement of Units. Subject to Section 8 below, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account, and shall be subject to the tax withholding provisions of Section 7 and compliance with all applicable legal requirements as provided in Section 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 5 contracts

Samples: Performance Stock Unit Award Agreement (Lci Industries), Performance Stock Unit Award Agreement (Lci Industries), Performance Stock Unit Award Agreement (Lci Industries)

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Settlement of Units. Subject to Section 8 below, as As soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable such vesting date), the Company shall will cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) ), one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 8 of this Agreement and compliance with all applicable legal requirements as provided in Section 17(c18(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 5 contracts

Samples: Stock Unit Award Agreement (Shoe Carnival Inc), Stock Unit Award Agreement (Shoe Carnival Inc), Performance Stock Unit Award Agreement (Shoe Carnival Inc)

Settlement of Units. Subject to Section 8 7 below, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 6 and compliance with all applicable legal requirements as provided in Section 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 3 contracts

Samples: Performance Stock Unit Agreement (Tactile Systems Technology Inc), Performance Stock Unit Agreement (Tactile Systems Technology Inc), Performance Stock Unit Agreement (Tactile Systems Technology Inc)

Settlement of Units. Subject After any Units vest pursuant to Section 8 below4, the Company shall, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting dateVesting Date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 8 and compliance with all applicable legal requirements as provided in Section 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (FGI Industries Ltd.), Restricted Stock Unit Award Agreement (Miromatrix Medical Inc.)

Settlement of Units. Subject to Section 8 below, as As soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 and compliance with all applicable legal requirements as provided in Section 17(c16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Audioeye Inc), Performance Stock Unit Agreement (Audioeye Inc)

Settlement of Units. Subject After any Units vest pursuant to Section 8 below4, the Company shall, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting dateVesting Date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount with Xxxxxxx Xxxxx, or such other broker as may be determined in Company’s sole discretion, and shall be subject to the tax withholding provisions of Section 7 8 and compliance with all applicable legal requirements as provided in Section 17(c16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Raven Industries Inc), Restricted Stock Unit Award Agreement (Raven Industries Inc)

Settlement of Units. Subject to Section 8 below, as As soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 6 and compliance with all applicable legal requirements as provided in Section 17(c16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Equity Incentive Plan (Surmodics Inc)

Settlement of Units. Subject After any Units vest pursuant to Section 8 below4, the Company shall, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting dateVesting Date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 and compliance with all applicable legal requirements as provided in Section 17(c16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Insignia Systems Inc/Mn)

Settlement of Units. Subject After any Units vest pursuant to Section 8 below2, the Company shall, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting dateVesting Date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 5 and compliance with all applicable legal requirements as provided in Section 17(c18(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round down the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (EVINE Live Inc.)

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Settlement of Units. Subject After any Units vest pursuant to Section 8 below4, the Company shall, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting dateVesting Date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 8 and compliance with all applicable legal requirements as provided in Section 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Brickell Biotech, Inc.)

Settlement of Units. Subject to Section 8 below, as As soon as practicable after any a Vesting Date (or the date on which Units vest a PSU is otherwise vested pursuant to the terms of the Plan (but no later than the 15th day of the third calendar month following the Vesting Date), for each (if any) Unit which has vested for that Measurement Period, and after the Company has determined that all other conditions to receive shares, including satisfaction of withholding tax obligations and compliance with applicable vesting date)laws as provided in Section 17(c) of the Plan, have been satisfied, the Company shall cause to be issued and delivered deliver to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit, as evidenced by issuance of a stock certificate or certificates, electronic delivery of such Shares to a brokerage account designated by such person, or book-entry registration of such Shares with the Company’s transfer agent. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account, and shall be subject to the tax withholding provisions of Section 7 and compliance with all applicable legal requirements as provided in Section 17(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Electromed, Inc.)

Settlement of Units. Subject After any Units vest pursuant to Section 8 below4, the Company shall, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting dateVesting Date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 and compliance with all applicable legal requirements as provided in Section 17(c16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Insignia Systems Inc/Mn)

Settlement of Units. Subject to Section 8 below, as soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable vesting date), the Company shall cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 and compliance with all applicable legal requirements as provided in Section 17(c) of the PlanOmnibus Plan and LTIP, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Arq, Inc.)

Settlement of Units. Subject to Section 8 below, as As soon as practicable after any date on which Units vest (but no later than the 15th day of the third calendar month following the applicable such vesting date), the Company shall will cause to be issued and delivered to you (or to your personal representative or your designated beneficiary or estate in the event of your death, as applicable) ), one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in the stock register maintained by the Company’s 's transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage accountaccount you designate, and shall be subject to the tax withholding provisions of Section 7 8 of this Agreement and compliance with all applicable legal requirements as provided in Section 17(c18(c) of the Plan, and shall be in complete satisfaction and settlement of such vested Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in connection therewith. If the Units that vest include a fractional Unit, the Company shall round the number of vested Units to the nearest whole Unit prior to issuance of Shares as provided herein.

Appears in 1 contract

Samples: Stock Unit Award Agreement (Shoe Carnival Inc)

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