Common use of Distribution upon Separation from Service Clause in Contracts

Distribution upon Separation from Service. Subject to the provisions of this Award Agreement, the Company shall deliver to the Participant, on the earlier of (i) within 30 days after the date of the Participant’s “separation from service”, and (ii) upon a Change of Control, one Share for each such RSU. Upon such delivery, such Shares shall be fully assignable, saleable and transferable by the Participant, provided that any such assignment, sale, transfer or other alienation with respect to such Shares shall be in accordance with applicable securities laws.