Common use of Settlement of Performance Shares Clause in Contracts

Settlement of Performance Shares. Subject to Section 6(a), any earned Performance Shares that become vested on the Vesting Date shall be settled into an equal number of Shares on a date selected by the Company that is within 30 days following the Vesting Date, or, in the event of a termination of employment by reason of death, within 30 days following the date of such termination (each such date, a “Settlement Date”).

Appears in 6 contracts

Sources: Performance Shares Agreement (Equitable Holdings, Inc.), Performance Shares Agreement (Equitable Holdings, Inc.), Performance Shares Agreement (Equitable Holdings, Inc.)