Common use of Settlement of Clause in Contracts

Settlement of. RSUs If and when RSUs become vested, the Participant will have the right to receive a corresponding number of whole Shares from the Company in full settlement of such vested RSUs. Such Shares will be issued and delivered in certificated or electronic form as soon as practicable (but not more than 60 days) after the applicable RSU vesting date, subject to any applicable tax withholding and other conditions set forth in the Plan, this Agreement and/or applicable law.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (G Iii Apparel Group LTD /De/), Restricted Stock Unit Agreement (G Iii Apparel Group LTD /De/)