Common use of Vesting and Settlement of Restricted Stock Units Clause in Contracts

Vesting and Settlement of Restricted Stock Units. (a) Upon the vesting of the Award, as described in this Paragraph, the Company shall deliver for each Restricted Stock Unit that becomes vested, one share of Common Stock; provided, however, that the Company shall withhold from the Grantee at the time of delivery of the Common Stock the amount that the Company determines necessary to pay applicable withholding taxes as and to the extent provided in Paragraph 10 below. Subject to Sub-paragraph 10(c), the Common Stock shall be delivered as soon as practicable following the applicable Vesting Date or event set forth below, but in any case, within thirty (30) days after such date or event.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (WEX Inc.)

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