Common use of Award Payable Only in Shares Clause in Contracts

Award Payable Only in Shares. Restricted Stock Units granted to Employees in Canada 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. APPENDIX B China Polycom, Inc. 2004 Equity Incentive Plan Restricted Stock Unit Agreement for Non-U.S. Employees