Common use of Time of Settlement Clause in Contracts

Time of Settlement. The Vested Units shall be settled by the Company as soon as administratively feasible following the Vesting Date, but in no event shall such settlement occur later than 75 days following the Vesting Date. In the event the Restricted Stock Units become Vested Units pursuant to Section 6 below, the Company will settle the Vested Units as soon as administratively practicable following the time of vesting noted in Section 6 below, but in no event shall such settlement occur later than 75 days following the applicable vesting event.

Appears in 7 contracts

Samples: Incentive Compensation Plan 2017 Executive Restricted Stock Unit Agreement (W&t Offshore Inc), Incentive Compensation Plan 2016 Executive Restricted Stock Unit Agreement (W&t Offshore Inc), Restricted Stock Unit Agreement (W&t Offshore Inc)

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Time of Settlement. The Vested Units shall be settled by the Company as soon as administratively feasible following the Vesting Date, but in no event shall such settlement occur later than 75 fifteen 15 days following the Vesting Date. In the event the Restricted Stock Units become Vested Units pursuant to Section 6 below, the Company will settle the Vested Units as soon as administratively practicable Executive: following the time of vesting noted in Section 6 below, but in no event shall such settlement occur later than 75 fifteen 15 days following the applicable vesting event.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (W&t Offshore Inc)

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