Common use of Award Payable Only in Shares Clause in Contracts

Award Payable Only in Shares. Restricted Stock Units granted to Employees in Hong Kong shall be paid in Shares only and do not provide any right for the Employee to receive a cash payment, notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary.

Appears in 5 contracts

Samples: Restricted Stock Unit (Polycom Inc), Restricted Stock Unit (Polycom Inc), Restricted Stock Unit (Polycom Inc)

AutoNDA by SimpleDocs

Award Payable Only in Shares. Notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary, Restricted Stock Units granted to Employees Grantees in Hong Kong shall be paid in Shares only and do not provide any right for the Employee Grantee to receive a cash payment, notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement, Restricted Stock Unit Agreement (Maxim Integrated Products Inc)

AutoNDA by SimpleDocs

Award Payable Only in Shares. Restricted Stock The Units granted to Employees the Participant in Hong Kong shall be paid in Shares only and do not provide any right for the Employee Participant to receive a cash payment, notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary. Notifications.

Appears in 1 contract

Samples: Award Agreement (Moneygram International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.