GWW » Topics » Timing and Method of Payment.

This excerpt taken from the GWW 10-Q filed Aug 2, 2006.
Timing and Method of Payment. The value of vested Stock Units shall be paid to an Outside Director in a lump sum as soon as administratively possible following the first to occur of (i) termination of such Outside Director’s service as a Director or such later date that an Outside Director may elect pursuant to a Distribution Election or (ii) the occurrence of a Change in Control. All payments on account of Stock Units shall be made in cash.

 

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