Common use of Settlement of Restricted Stock Units, etc Clause in Contracts

Settlement of Restricted Stock Units, etc. All unvested restricted stock units or other awards to Executive under the LTIP (other than stock options) will, upon such accelerated vesting on the Vesting Date, be paid to Executive, in cash or shares of Company common stock under the terms of the LTIP or related award documents, as soon as practicable following the Vesting Date.

Appears in 2 contracts

Sources: Retirement Agreement (Blue Bird Corp), Transition Agreement (Blue Bird Corp)