Common use of Award Payable Only in Shares Clause in Contracts

Award Payable Only in Shares. The grant of the Restricted Stock Units does not give Participant any right to receive a cash payment, and the Restricted Stock Units are payable in Shares only.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (AppLovin Corp), Award Agreement (Stem, Inc.), Terms and Conditions (Stem, Inc.)

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Award Payable Only in Shares. The grant of the Restricted Stock Units does not give Participant provide any right for Participant to receive a cash payment, and settlement of the Restricted Stock Units are is payable only in Shares onlyShares.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Align Technology Inc), Restricted Stock Unit Agreement (Align Technology Inc)

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