Common use of Time and Form of Payment Clause in Contracts

Time and Form of Payment. Payouts of vested Performance Share Units shall be made in the form of shares of the Company’s Class A Stock. Each Performance Share Unit awarded under this Agreement consists of the right to receive one share of Class A Stock. Vested Performance Share Units shall be paid as follows:

Appears in 15 contracts

Sources: Performance Share Unit Agreement, Performance Share Unit Agreement (Constellation Brands, Inc.), Performance Share Unit Agreement (Constellation Brands, Inc.)

Time and Form of Payment. Payouts of vested Performance Share Units shall be made in the form of shares of the Company’s Class A Stock. Each Performance Share Unit awarded under this Agreement consists of the right to receive one share of Class A Stock. Vested Performance Share Units shall be paid as follows: (a) Payments for Reasons other than Death, PSU Disability or PSU Change of Control.

Appears in 1 contract

Sources: Performance Share Unit Agreement (Constellation Brands, Inc.)