Common use of Settlement in Stock Clause in Contracts

Settlement in Stock. PRSUs eligible for vesting as described in Section 2 above will be settled by delivering to Participant, by one of the methods set forth in Section 3(b) below, a number of Shares equal to the number of such vesting-eligible PRSUs on the Vesting Date (as hereafter defined). For purposes of this Agreement, the “Vesting Date” will be the earlier of (x) the date on which the Committee approves the achievement of the Performance Goals after the filing of the Form 10-K for the year ending December 31, 2018 (or such other report referenced in Section 2(a) above), provided that the Participant must remain in Service through such date, or (y) the date on which a CIC Termination occurs, in each case subject to the provisions of Section 7 of this Agreement.

Appears in 3 contracts

Sources: Performance Restricted Stock Unit Award Agreement, Performance Restricted Stock Unit Award Agreement (INC Research Holdings, Inc.), Performance Restricted Stock Unit Award Agreement (INC Research Holdings, Inc.)