Common use of Payment of Earned Performance Shares Clause in Contracts

Payment of Earned Performance Shares. For each earned Performance Share, one share of Common Stock of the Company shall be delivered to the Participant as soon as administratively practicable following the end of the performance cycle, but no later than the fifteenth day of the third month following the end of the calendar year in which such performance cycle ends.

Appears in 2 contracts

Sources: Performance Share Award Agreement (Kulicke & Soffa Industries Inc), Performance Share Award Agreement (Kulicke & Soffa Industries Inc)