Settlement of Performance RSUs. You (or your beneficiary, if applicable) will receive one share of BWXT common stock for each Performance RSU that vests under this Agreement. If you have not made a permitted deferral election, Shares shall be distributed as soon as administratively practicable after the Settlement Date, but in no event later than March 15 following the end of the calendar year in which the Settlement Date occurs. If you have made a permitted deferral election, shares shall be distributed on the Settlement Date. For purposes of this Agreement, “Settlement Date” means either: (a) the applicable Vesting Date or, in the event you made a permitted deferral election pursuant to the Plan with respect to this grant, (b) the date(s) of the applicable distribution event in accordance with such deferral election.
Appears in 3 contracts
Sources: Performance Restricted Stock Units Grant Agreement (BWX Technologies, Inc.), Performance Restricted Stock Units Grant Agreement (BWX Technologies, Inc.), Performance Restricted Stock Units Grant Agreement (BWX Technologies, Inc.)