Common use of Settlement of Vested Restricted Stock Units Clause in Contracts

Settlement of Vested Restricted Stock Units. Subject to the requirements set forth in this Agreement, as promptly and reasonably practicable after a Vesting Date, but no later than 60 days following such Vesting Date, the Company shall transfer and deliver to the Grantee, in book-position or certificate form, one share of Common Stock for each Restricted Stock Unit becoming vested at such time; provided, however, the Company may withhold shares of Common Stock otherwise transferable to the Grantee to the extent necessary to satisfy withholding taxes in accordance with Section 7(e) below.

Settlement of Vested Restricted Stock Units. Subject to the requirements set forth in this Agreement, as As promptly and reasonably practicable after a Vesting Date, the later of (but no later than 60 days following such Vesting Datethe later of) (i) the date as of which all of the applicable vesting requirements under Section 2 hereof shall have been satisfied for the applicable Tranche; or (ii) the date of certification of achievement of the applicable performance criteria by the Committee, as required under Sections 2(a) hereof, the Company shall transfer and deliver to the Grantee, in book-position or certificate form, one share of Common Stock for each Restricted Stock Unit becoming vested at such time; provided, however, the Company may withhold shares of Common Stock otherwise transferable to the Grantee to the extent necessary to satisfy withholding taxes in accordance with Section 7(e7(f) below.

Settlement of Vested Restricted Stock Units. Subject to the requirements set forth in this Agreement, as As promptly and reasonably practicable after a Vesting Date, the later of (but no later than 60 days following such Vesting Datethe later of) (i) the date as of which all of the applicable vesting requirements under Section 2 hereof shall have been satisfied for the applicable Tranche; or (ii) the date of certification of achievement of the applicable performance criteria by the Committee, as required under Sections 2(a) hereof, the Company shall transfer and deliver to the Grantee, in book-position or certificate form, one share of Common Stock for each Restricted Stock Unit becoming vested at such time; provided, however, the Company may withhold shares of Common Stock otherwise transferable to the Grantee to the extent necessary to satisfy withholding taxes in accordance with Section 7(e) below.