Common use of Settlement of DSUs Clause in Contracts

Settlement of DSUs. 6.1 Subject to Section 9 hereof, the settlement date of the DSUs shall be the date of the Director’s Separation from Service (as defined below) for any reason unless settlement is deferred pursuant to Section 6.2. On the settlement date, the Company shall (a) issue and deliver to the Director a number of shares of Common Stock equal to the number of DSUs; and (b) enter the Director’s name on the books of the Company as the stockholder of record with respect to the shares of Common Stock delivered to the Director. For purposes of this Agreement, a “Separation from Service” shall have the meaning given such term under Section 409A of the Code. 6.2 Notwithstanding Section 6.1, the Director may elect to accelerate or defer the settlement of the DSUs beyond the Director’s Separation from Service. Any deferral election must be made in compliance with such rules and procedures as the Committee deems advisable.

Settlement of DSUs. 6.1 Subject to Section 9 hereof, the settlement date of the DSUs shall be the date of the Director’s Separation from Service (as defined below) for any reason unless settlement is deferred pursuant to Section 6.2. On the settlement date, the Company shall (a) issue and deliver to the Director a number of shares of Common Stock equal to the number of DSUs; and (b) enter the Director’s name on the books of the Company as the stockholder of record with respect to the shares of Common Stock delivered to the Director. For purposes of this Agreement, a “Separation from Service” shall have the meaning given such term under Section 409A of the Code. 6.2 Notwithstanding Section 6.1, the Director may elect to accelerate or defer the settlement of the DSUs beyond the Director’s Separation from Service. Any acceleration or deferral election must be made in compliance with such rules and procedures as the Committee deems advisable, including rules and procedures to comply with Section 409A of the Code.

Settlement of DSUs. 6.1 Subject to Section 9 hereof, the settlement date of the DSUs shall be the date of the Director’s Separation from Service (as defined below) for any reason unless settlement is deferred pursuant to Section 6.2. On the settlement date, the Company shall (a) issue and deliver to the Director a number of shares of Common Stock equal to the number of DSUs; and (b) enter the Director’s name on the books of the Company as the stockholder of record with respect to the shares of Common Stock delivered to the Director. For purposes of this Agreement, a “Separation from Service” shall have the meaning given such term under Section 409A of the Code. 6.2 Notwithstanding Section 6.1, the Director may elect to accelerate or defer the settlement of the DSUs beyond the Director’s Separation from Service. Any acceleration or deferral election must be made in compliance with such rules and procedures as the Committee Board deems advisable, including rules and procedures to comply with Section 409A of the Code.

Settlement of DSUs. 6.1 Subject to Section 9 hereof, the settlement date of the DSUs shall be the date of the Director’s Separation from Service (as defined below) for any reason unless settlement is deferred pursuant to Section 6.2. On the settlement date, the Company shall (a) issue and deliver to the Director a number of shares of Common Stock equal to the number of DSUs; and (b) enter the Director’s name on the books of the Company as the stockholder of record with respect to the shares of Common Stock delivered to the Director. For purposes of this Agreement, a “Separation from Service” shall have the meaning given such term under Section 409A of the CodeNonqualified Deferred Compensation Rules. 6.2 Notwithstanding Section 6.1, the Director may elect to accelerate or defer the settlement of the DSUs beyond the Director’s Separation from Service. Any acceleration or deferral election must be made in compliance with such rules and procedures as the Committee Board deems advisable, including rules and procedures to comply with the Nonqualified Deferred Compensation Rules.