Common use of Vesting and Settlement of Award Clause in Contracts

Vesting and Settlement of Award. (a) Subject to the terms and conditions set forth in this Agreement and the Plan, the Award granted hereby shall vest as set forth in the Notice of Grant and is subject to the other terms and conditions of this Agreement and the Plan. On each vesting date set forth in the Notice of Grant on which both the Performance-Based Vesting and Time-Based Vesting conditions are satisfied, the Participant shall be entitled to receive such number of shares of Common Stock (rounded down to the nearest whole share) equivalent to the number of RSUs as set forth in the Notice of Grant provided that the Participant is, and has been at all times since the Grant Date, an employee of the Company or any other entity the employees of which are eligible to receive RSUs under the Plan (an “Eligible Participant”). Such shares of Common Stock shall thereafter be issued by the Company to the Participant as soon as practicable following the applicable vesting date (such date, the “Original Issuance Date”), but in no event later than the date that is sixty days after the applicable vesting date and in accordance with this Agreement and the Plan.