Common use of Time of Settlement Clause in Contracts

Time of Settlement. Vested PSUs shall be settled within two and one-half (2 ½) months following the end of the Performance Period, contingent upon the Committee’s determination of the earnout achieved and subject to the individual per-employee limitations included in the Plan; provided, if you are a “specified employee” under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), upon separation from service and if such settlement is deferred compensation conditioned upon a separation from service and not compensation you could receive without separating from service, then settlement shall not be made until the first day following the six (6) month anniversary of your separation from service (or upon your death, if earlier).

Time of Settlement. Vested PSUs shall be settled within two and one-half (2 ½) months following the end of the Performance Period, contingent upon the Committee’s certification that the Performance Threshold was achieved, determination of the earnout achieved and subject to the individual per-employee per‑employee limitations included in the Plan; provided, however, if you are Grantee is a “specified employee” under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), upon separation from service and if such settlement is deferred compensation conditioned upon a separation from service and not compensation you Grantee could receive without separating from service, then settlement shall not be made until the first day following the six (6) month six‑month anniversary of your Grantee’s separation from service (or upon your earlier death, if earlier).

Time of Settlement. Vested PSUs shall be settled within two and one-half one‑half (2 ½) months following the end of the Performance Period, contingent upon the Committee’s determination of the earnout achieved and subject to the individual per-employee limitations included in the Plan; provided, if you are a “specified employee” under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), upon separation from service and if such settlement is deferred compensation conditioned upon a separation from service and not compensation you could receive without separating from service, then settlement shall not be made until the first day following the six (6) month anniversary of your separation from service (or upon your death, if earlier).

Time of Settlement. Vested PSUs shall be settled within two and one-half (2 ½) months following the end of the year of the final Performance Period, contingent upon the Committee’s determination certification of the earnout performance achieved and subject to the individual per-employee per‑employee limitations included in the Plan; provided, however, if you are Grantee is a “specified employee” under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), upon separation from service and if such settlement is deferred compensation conditioned upon a separation from service and not compensation you Grantee could receive without separating from service, then settlement shall not be made until the first day following the six (6) month six‑month anniversary of your Grantee’s separation from service (or upon your earlier death, if earlier).

Time of Settlement. Vested PSUs shall be settled within two and one-half (2 ½) months following the end of the Performance Period, contingent upon the Committee’s determination of the earnout achieved and subject to the individual per-employee per‑employee limitations included in the Plan; provided, however, if you are Grantee is a “specified employee” under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), upon separation from service and if such settlement is deferred compensation conditioned upon a separation from service and not compensation you Grantee could receive without separating from service, then settlement shall not be made until the first day following the six (6) month six‑month anniversary of your Grantee’s separation from service (or upon your earlier death, if earlier).