Common use of Form and Timing of Issuance or Transfer Clause in Contracts

Form and Timing of Issuance or Transfer. (a) Unless the Committee permits the Participant to elect to defer the issuance or transfer of Shares under this Agreement pursuant to the terms and conditions established by the Committee in its sole discretion, the Company shall issue or cause there to be transferred to the Participant, [ number ] months following the Date of Grant, a number of Shares equal to the aggregate number of RSUs granted to the Participant under this Agreement. (b) Upon the issuance or transfer of Shares in accordance with Section 2(a) of this Agreement, a number of RSUs equal to the number of Shares issued or transferred to the Participant shall be extinguished.

Form and Timing of Issuance or Transfer. (a) Unless the Committee permits the Participant to elect to defer the issuance or transfer of Shares under this Agreement pursuant to the terms and conditions established by the Committee in its sole discretion, the Company shall issue or cause there to be transferred to the Participant, [ number ] twelve months following the Date of Grant, a number of Shares equal to the aggregate number of RSUs granted to the Participant under this Agreement. (b) Upon the issuance or transfer of Shares in accordance with Section 2(a) of this Agreement, a number of RSUs equal to the number of Shares issued or transferred to the Participant shall be extinguished.