Examples of Payout Share Units in a sentence
The amount of Payout Share Units is rounded down to the nearest whole share unit.
Since the portfolio is segregated for distressed security, the additional units that are allotted cannot be redeemed.
Upon a Change of Control, Dividend Equivalents accrued (without reinvestment or interest) between the Grant Date and the Change of Control will vest and be paid out in cash, less the payment of any applicable withholding taxes pursuant to Section 6 of Appendix A, if and when the Award vests and pays out, as if you were the record holder of the number of Shares equal to the number of vested Payout Share Units underlying the Award from the Grant Date through the date of the Change of Control.
The percentage applied to the share units for a given Tranche in order to arrive at the Payout Share Units is sometimes referred to as the “Payout Percentage” for that Tranche.
In the event of your death following a Change of Control, the Payout Share Units and the Final Award Date will be determined as described above.
If the outstanding vested Payout Share Units being settled include a fractional interest, such fractional interest will be eliminated by rounding down to the nearest whole share unit.
Upon a Change of Control, with respect to any outstanding portion of the Award as of the Change of Control, the total number of Payout Share Units is calculated in two parts, the “Pre-COC Tranche” and the “Post-COC Tranche”.
E.1 PAYMENT TIMING Except as otherwise provided below, vested Payout Share Units that remain outstanding will be settled as soon as practicable following (i) the applicable Scheduled Vesting Date (and no later than March 15th following the year the Award becomes fully vested), or (ii) your date of death, if your date of death is prior to the applicable Scheduled Vesting Date (and no later than December 31st of the year following the year of your death).
HB 2281 prohibits any school district or charter school in Arizona from:[I]nclud[ing] in its program of instruction any courses or classes that include any of the following: 1.
Payment in settlement of such outstanding vested Payout Share Units will be made at the applicable time set forth in Section 9.2(a) above either by delivery to Grantee of that number of whole shares of PNC common stock equal to the number of outstanding vested Payout Share Units being settled or as otherwise provided in Section 11, as applicable.