Common use of Timing and Form of Payment Clause in Contracts

Timing and Form of Payment. Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the associated Restricted Stock Unit. Shares will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of the Shares at that time.

Appears in 20 contracts

Samples: Restricted Stock Unit Agreement (CPI Card Group Inc.), Restricted Stock Unit Award Agreement (Fathom Digital Manufacturing), Restricted Stock Unit Agreement (NetSTREIT Corp.)

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Timing and Form of Payment. Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the associated Restricted Stock Unit. Shares Xxxxxx will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of the Shares at that time.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement for Non Employee Directors (PetIQ, Inc.), Restricted Stock Unit Agreement (PetIQ, Inc.), Restricted Stock Unit Agreement for Non Employee Directors (PetIQ, Inc.)

Timing and Form of Payment. Once Except as provided in this Section or in clause 2(b) or Section 4, once a Restricted Stock Unit vests, the Participant Employee will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the after its associated Restricted Stock UnitUnit vests. Shares will be credited to an account established for the benefit of the Participant Employee with the Company’s 's administrative agent. The Participant Employee will have full legal and beneficial ownership of with respect to the Shares at that time.

Appears in 1 contract

Samples: Warrant Agreement

Timing and Form of Payment. Once Except as provided in this Section or in Section 2(b) or Section 4, once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the after its associated Restricted Stock UnitUnit vests. Shares Xxxxxx will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of with respect to the Shares at that time.

Appears in 1 contract

Samples: Award Agreement (Lear Corp)

Timing and Form of Payment. Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the associated Restricted Stock UnitUnit and in no event later than March 15 of the calendar year following the calendar year in which the Stock Unit vests. Shares Xxxxxx will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of the Shares at that time.

Appears in 1 contract

Samples: Skillz 2020 Omnibus Incentive Plan (Skillz Inc.)

Timing and Form of Payment. Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the associated Restricted Stock Unit. Shares will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of the Shares at that time.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (CPI Card Group Inc.)

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Timing and Form of Payment. Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the associated Restricted Stock Unit. Shares will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of the Shares at that time. 5.

Appears in 1 contract

Samples: Skillz 2020 Omnibus Incentive Plan Restricted Stock Unit Award Agreement (Skillz Inc.)

Timing and Form of Payment. Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the associated Restricted Stock UnitUnit (but in any event no later than the March 15th immediately following the year in which the substantial risk of forfeiture with respect to the Restricted Stock Units lapses). Shares will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of the Shares at that timethe time such Shares are credited to such account.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (CPI Card Group Inc.)

Timing and Form of Payment. Once When a Restricted Stock Unit vestsVests, the Participant Employee will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible following the vesting of the after its associated Restricted Stock UnitUnit vests, but no later than March 15 of the calendar year following the calendar year in which the Restricted Stock Unit vests. Shares will may be transferred to Employee directly or credited to an account established for the benefit of the Participant Employee with the Company’s administrative agent, in the Company’s discretion. The Participant Employee will have full legal and beneficial ownership of with respect to the Shares at that time.

Appears in 1 contract

Samples: Restricted Stock Unit Grant Agreement (Associated Banc-Corp)

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