Burger King 2013 Annual Report Download - page 128
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No payment is required for Shares that you receive under this Award.
Each RSU represents a right to receive one Share.
RSUs shall be settled as described in this section. The Company shall deliver to you a number of Shares equal to the number of RSUs awarded to you
pursuant to this Award Agreement, such delivery to be made on a date determined by the Committee that is within 30 days after your Separation from Service,
as defined herein (the “Settlement Date”).
For purposes of this Award Agreement, “Separation from Service” means the cessation of your Service as a Director, determined in a manner consistent
with the requirements of Section 409A(a)(2)(A)(i) of the Code and the Treasury Regulations and other guidance issued thereunder.
During the term of this Award Agreement, you shall have the right to receive distributions (the “Dividend Equivalents”) from the Company equal to any
dividends or other distributions that would have been distributed to you if each of the Shares to be delivered to you upon settlement of the RSUs instead was
an issued and outstanding Share owned by you. The Dividend Equivalents, reduced by any applicable withholding taxes, shall be subject to the same terms
and conditions under this Award Agreement as the Shares to which they relate, and shall be distributed on the same Settlement Date as the Shares to which
they relate. Each Dividend Equivalent shall be treated as a separate payment for purposes of Section 409A of the Code.
You acknowledge that you are required to pay any withholding or other applicable taxes that may be due as a result of the grant or settlement of this
Award and the receipt of Shares and cash hereunder.
A-2
Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
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