Timing and Form of Distribution. If a Performance Dependent Issuance is triggered, the Company shall distribute to the Participant the number of Shares calculated pursuant to Section 3 above as soon as practicable after the applicable Measurement Date but in no event later than 45 days after such Measurement Date, except that (a) if the Participant is not subject to U.S. income taxes on this award, the Distribution Date may be a later date if required by applicable law, and (b) if the Participant is not an Eligible Participant, the Company may, in its sole discretion, delay the Distribution Date and the issuance of Shares upon a Performance Dependent Issuance until such time as the Company has all of the necessary information about the Participant to issue Shares to the Participant and to calculate, withhold, and account for Tax-Related Items. It is the Participant’s responsibility to ensure that the Company has all such necessary information. Each date of distribution of Shares is referred to as the “Distribution Date.” Once any Shares have been distributed pursuant to this award, the award expires in its entirety, and the Participant has no further rights with respect to any PSUs hereunder.
Timing and Form of Distribution. The Company shall distribute to the Participant Shares on a one-to-one basis with respect to the Units that become vested on each vesting date, as soon as practicable after each vesting date but in no event later than 45 days after the applicable vesting date, except that in the case of Participants who are not subject to U.S. income taxes on this award, the Distribution Date may be a later date if required by local law. Each date of distribution of Shares is referred to as the “Distribution Date.” The Participant receives distributions only with respect to his or her vested Units and has no right to a distribution of Shares with respect to unvested Units unless and until such Units vest. Once a Share with respect to a vested Unit has been distributed pursuant to this award, the Participant has no further rights with respect to that Unit.
Timing and Form of Distribution. The Units shall be exchanged into shares of Common Stock on a one-for-one basis and shall be distributed to the Director at such time as the Director may have previously elected in writing to the Company. Any fractional Unit shall be distributed in cash at the same time.
Timing and Form of Distribution. The distribution date (the “Distribution Date”) for Units that become vested pursuant to this award will be made in a lump sum on the date that such Units vest. The Company shall distribute vested Units in Ordinary Shares (on a one-to-one basis) on or as soon as practicable after the Distribution Date with respect to such vested Units. The Participant will only receive distributions in respect of his/her vested Units and has no right to distribution of an Ordinary Share with respect to unvested Units unless and until such Units vest. Once an Ordinary Share with respect to a vested Unit has been distributed pursuant to this award, the Participant has no further rights with respect to that Unit.
Timing and Form of Distribution. If the Participant timely elected and returned to the Company a properly completed election form, as prescribed by the Committee (an “Election Form”), the Participant’s vested Deferred Cash Compensation shall be distributed pursuant to the Election Form, subject to such terms and conditions set forth in such form. If the Participant failed to timely elect and return or properly complete an Election Form, the Participant’s Deferred Cash Compensation (and any interest credited thereto) will be distributed in a lump sum in cash, to the extent vested, on or as soon as administratively practicable after the first to occur of (i) the date of the Participant’s termination of employment for any reason or (ii) December 31st, [___] (the 7th year after the year in which this Agreement is entered into by the Company and the Participant). The foregoing notwithstanding, if the Participant is a “key employee” for purposes of Section 409A of the Internal Revenue Code (“Section 409A”), payment of his or her Deferred Cash Compensation (and any interest credited thereto) due to termination of employment for any reason (other than death) will be delayed until at least six months after such Participant’s termination date. The Participant agrees that the Deferred Cash Compensation will be paid out only to the extent that it has vested in accordance with this Agreement and the Plan. Any unvested portion of the Deferred Cash Compensation shall be forfeited and terminate automatically upon termination of employment of the Participant for any reason (other than death, Disability or Vested Retirement as described in Section 3.4 above), unless otherwise provided in the Plan.
Timing and Form of Distribution. To the extent not forfeited pursuant to Section 3.1, Units shall be exchanged into shares of Common Stock on a one-for-one basis and shall be distributed to the Director within 30 days after the date the Director terminates his or her services as a director of the Company. Any fractional Unit shall be distributed in cash at the same time.
Timing and Form of Distribution. The Company shall distribute to the Participant the Shares with respect to the Units that become vested as soon as practicable after the later of each vesting date and the determination of the Final Multiplier but in no event later than 45 days after the later of the applicable vesting date and the determination of the Final Multiplier, except that in the case of Participants who are not subject to U.S. income taxes on this award, the Distribution Date may be a later date if required by local law. Each date of distribution of Shares is referred to as the “Distribution Date.” The Participant has no right to a distribution of Shares with respect to unvested Units unless and until such Units vest and the Final Multiplier has been determined. Once a Share with respect to a vested Unit has been distributed pursuant to this award, the Participant has no further rights with respect to that Unit. Notwithstanding the foregoing, the Distribution Date with respect to any Units that vest on or before the last day of the Company’s fiscal year 2024 shall be no later than two and a half months following the last day of such fiscal year.
Timing and Form of Distribution. The Executive may timely elect on an annual basis, on or before December 31st, to receive the portion of the Deferred Cash Compensation scheduled to vest in the following Plan Year pursuant to an election form, and subject to such terms and conditions set forth in such form, as prescribed by the Committee ("Election Form"). If this Agreement is made with respect to a Participant's initial award under the Plan ("Initial Award"), then the initial Election Form to be completed on the effective date of this Agreement will be effective for the portions of the Deferred Cash Compensation scheduled to vest in the remainder of the [200_] Plan Year (the year of the award). If this Agreement is made with respect to an award other than the Initial Award, then:
Timing and Form of Distribution. To the extent not forfeited pursuant to Section 3.1, Units shall be exchanged into shares of Common Stock on a one-for-one basis and shall be distributed to the Director on a date determined by the Company that is no earlier than 60 days, and no later than 90 days, after the Director incurs a “separation from service” (within the meaning of Section 409A of the Code and in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)) with the Company; provided, however, is Director is a “specified employee” within the meaning of Section 409A of the Code and the regulations promulgated thereunder, such distribution shall be made upon the earlier of the Director’s death, or six months and a day after the Director’s separation from service. In no event will a Director have a right to designate the taxable year of any payment made pursuant to this Agreement. Any fractional Unit shall be distributed in cash at the same time.
Timing and Form of Distribution. The Participant’s Deferred Cash Compensation will be distributed in a lump sum in cash within the period specified in the Plan following each vesting date (or such earlier date that a substantial risk of forfeiture lapses as provided for under the Plan), provided the Participant is still employed by the Company or an Affiliate on each such date. Payment of the Participant’s Deferred Cash Compensation on account of separation from service for any reason (other than death) will be delayed, if required, for six months after such Participant’s separation from service if the Participant is a specified employee for purposes of Section 409A of the Internal Revenue Code (“Section 409A”) on the date of his or her separation from service. The Participant agrees that the Deferred Cash Compensation will be paid out only to the extent that it has vested in accordance with this Agreement and the Plan. Any unvested portion of the Deferred Cash Compensation shall be forfeited and terminate automatically upon termination of employment of the Participant for any reason (other than death or Disability as described in Section 3.4 above), unless otherwise provided in the Plan, or the Company’s Executive Severance Policy (as amended from time to time).
