Common use of Distribution of Shares Clause in Contracts

Distribution of Shares. (a) The Company will distribute to the Participant (or to the Participant’s estate in the event that his or her death occurs after a vesting date but before distribution of the corresponding Shares), as soon as administratively practicable after each vesting date (each such date of distribution is hereinafter referred to as a “Settlement Date”), the Shares of Common Stock represented by RSUs that vested on such vesting date.

Appears in 8 contracts

Samples: Restricted Stock Unit Agreement (Starent Networks, Corp.), Restricted Stock Unit Agreement (First Marblehead Corp), Restricted Stock Unit Agreement (First Marblehead Corp)

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Distribution of Shares. (a) The Company will distribute to the Participant (or to the Participant’s estate in the event that his or her death occurs after a vesting date but before distribution of the corresponding Shares), as soon as administratively practicable after each vesting date (each such date of distribution is hereinafter referred to as a “Settlement Date”)date, the Shares of Common Stock represented by RSUs that vested on such vesting date. No fractional Shares will be issued.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (First Marblehead Corp), Restricted Stock Unit Agreement (First Marblehead Corp), Restricted Stock Unit Agreement (First Marblehead Corp)

Distribution of Shares. (a) The Company will distribute to the Participant (or to the Participant’s estate in the event that his or her death occurs after a vesting date but before distribution of the corresponding Shares), as soon as administratively practicable after each vesting date (each such date of distribution is hereinafter referred to as a “Settlement Date”), but in no event later than 60 days after such vesting date, the Shares of Common Stock represented by RSUs that vested on such vesting date.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (First Marblehead Corp), Restricted Stock Unit Agreement (First Marblehead Corp)

Distribution of Shares. (a) The Company will distribute to the Participant (or to the Participant’s estate in the event that his or her death occurs after a vesting date but before distribution of the corresponding Shares), as soon as administratively practicable after each vesting date (each such date of distribution is hereinafter referred to as a “Settlement Date”)date, the Shares of Common Stock represented by RSUs that vested on such vesting date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Stream Global Services, Inc.)

Distribution of Shares. (a) The Company will distribute to the Participant (or to the Participant’s estate in the event that his or her death occurs after a vesting date but before distribution of the corresponding Shares), as soon as administratively practicable after each vesting date (each such date of distribution is hereinafter referred to as a “Settlement Date”)date, the Shares of Common Stock represented by RSUs that vested on such vesting date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (LTX-Credence Corp)

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Distribution of Shares. (a) The Company will distribute to the Participant (or to the Participant’s 's estate in the event that his or her death occurs after a vesting date but before distribution of the corresponding Shares), as soon as administratively practicable after each vesting date (each such date of distribution is hereinafter referred to as a "Settlement Date"), the Shares of Common Stock represented by RSUs that vested on such vesting date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Unica Corp)

Distribution of Shares. (a) The Company will distribute to the Participant (or to the Participant’s estate in the event that his or her death occurs after a vesting date but before distribution of the corresponding SharesShares to be delivered after a Vesting Date), as soon as administratively practicable after each vesting date Vesting Date (each such date of distribution is hereinafter referred to as a “Settlement Date”), but in no event later than 60 days after such Vesting Date, the Shares to be delivered to the Participant upon the vesting of Common Stock represented by RSUs that vested on such vesting dateVesting Date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (First Marblehead Corp)

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