Mechanics of Settlement. On the Settlement Date, the Company shall electronically issue to the Director one whole share of Company Common Stock for each Deferred Share Unit, and, upon such issuance, the Director’s rights in respect of such Deferred Share Unit shall be extinguished.
Appears in 2 contracts
Sources: Director Deferred Share Unit Agreement (Univar Solutions Inc.), Director Deferred Share Unit Agreement (Univar Solutions Inc.)
Mechanics of Settlement. On the each Settlement Date, the Company shall electronically issue to the Director one whole share of Company Common Stock for each Deferred Share Unit, Restricted Stock Unit that then became vested and, upon such issuance, the Director’s rights in respect of such Deferred Share Restricted Stock Unit shall be extinguished. No fractional shares of Company Common Stock shall be issued.
Appears in 1 contract
Sources: Director Restricted Stock Unit Agreement (Univar Solutions Inc.)