Timing of Settlement. Your Performance Units will be settled by the Company, via the issuance of Stock as described herein, as soon as practicable after (and in all events within two and one-half months after) the date on which the Performance Units become vested and nonforfeitable. In all cases, the issuance and delivery of shares under this Award Agreement is intended to comply with Treasury Regulation Section 1.409A-1(b)(4) and shall be construed and administered in such a manner. If you die after vesting but before settlement, your vested and unpaid Performance Units shall be paid to your estate.
Appears in 5 contracts
Sources: Performance Stock Units Agreement (Halozyme Therapeutics, Inc.), Performance Stock Units Agreement (Halozyme Therapeutics, Inc.), Performance Stock Units Agreement (Halozyme Therapeutics, Inc.)