Vesting and Settlement of RSUs. (a) The RSUs are fully vested as of the Effective Date. The Board has taken irrevocable action, effective as of the Effective Date, to terminate and liquidate this Agreement in accordance with Section 409A of the Code, including all regulations, guidance, compliance programs and other interpretative authority thereunder (“Section 409A”), and Participant’s right to settlement of the RSUs in connection with such termination shall be as provided below.
Appears in 6 contracts
Samples: Restricted Stock Unit Award Agreement (Southeastern Grocers, Inc.), Restricted Stock Unit Award Agreement (Southeastern Grocers, Inc.), Restricted Stock Unit Award Agreement (Southeastern Grocers, Inc.)
