Specific Payment Date. The Committee shall determine on what date within the ninety (90) day payment period described above actual settlement shall be made. 5. Form of Payout. Vested PRSUs will be settled solely in the form of shares of Common Stock of the Company or such other security as common stock shall be converted into in the future. The Participant shall be issued one share of Common Stock (or such other number of securities into which the Common Stock is converted upon a Change of Control as the Committee shall determine in good faith) for each Vested PRSU.
Appears in 2 contracts
Sources: Performance Restricted Stock Unit Award Agreement (Mueller Water Products, Inc.), Performance Restricted Stock Unit Award Agreement (Mueller Water Products, Inc.)