Common use of Payment of DSUs Clause in Contracts

Payment of DSUs. The Company shall make a payment to the Director of vested DSUs as provided in Section 8 upon the earliest of (i) the Director’s cessation of service as a director of the Company for any reason, including death or Disability, (ii) May ___, 2017, or (iii) a Change in Control (the “Payment Date”). The Director may elect to change the payment event set forth in part (ii) of the preceding paragraph by written notice to the Company at least 12 months prior to the applicable payment event, provided that the new payment event is at least five years after the previously applicable payment event.

Payment of DSUs. The Company shall make a payment to the Director of vested DSUs as provided in Section 8 upon the earliest of (i) the Director’s cessation of service as a director of the Company for any reason, including death or Disability, (ii) May ___, 20172018, or (iii) a Change in Control (the “Payment Date”). The Director may elect to change the payment event set forth in part (ii) of the preceding paragraph by written notice to the Company at least 12 months prior to the applicable payment event, provided that the new payment event is at least five years after the previously applicable payment event.