Common use of Form and Time of Payment of Prsus Clause in Contracts

Form and Time of Payment of Prsus. Subject to Section 5, the PRSUs (to the extent Vested) will be payable in Common Shares as follows: (a) Except as otherwise provided in Section 6(b) or 6(c), payment for Vested PRSUs will be made no later than May 15, 20__. (b) In the event that PRSUs Vest as provided in Section 4(a), payment for Vested PRSUs will be made no later than March 15 of the calendar year immediately following the calendar year in which the Holder’s employment terminates pursuant to Section 4(a). (c) In the event that PRSUs Vest as provided in Section 4(b)(i) or 4(b)(iii), payment for Vested PRSUs will be made no later than March 15 of the calendar year immediately following the calendar year in which the Change in Control occurs.