Common use of Vesting and Conversion of PBRSUs Clause in Contracts

Vesting and Conversion of PBRSUs. Subject to Sections 4 and 5, PBRSUs shall vest and be converted into an equivalent number of shares of Common Stock that will be distributed to the Grantee within 90 days after the end of the Service Period. Upon the distribution of the shares of Common Stock in respect of PBRSUs, the Company shall issue to the Grantee or the Grantee’s personal representative a stock certificate representing such shares of Common Stock, free of any restrictions.

Vesting and Conversion of PBRSUs. Subject to Sections 4 and 5, PBRSUs shall vest and be converted into an equivalent number of shares of Common Stock that will be distributed to the Grantee within 90 days as soon as practicable after the end of the Service Period. Upon the distribution of the shares of Common Stock in respect of PBRSUs, the Company shall issue to the Grantee or the Grantee’s personal representative a stock certificate representing such shares of Common Stock, free of any restrictions.