Common use of Award Payable Only in Shares Clause in Contracts

Award Payable Only in Shares. Notwithstanding Section 8(d) of the Plan, Restricted Stock Units granted to Grantees in United Kingdom shall be paid in Shares only and do not provide any right for Grantees in the United Kingdom to receive a cash payment.

Appears in 3 contracts

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

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Award Payable Only in Shares. Notwithstanding Section 8(d) of the Plan, Restricted Stock Units granted to Grantees in United Kingdom shall be paid in Shares only and do not provide any right for Grantees in the United Kingdom to receive a cash payment. This provision is without prejudice to the application of Section 8 of the Restricted Stock Unit Agreement.

Appears in 1 contract

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

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Award Payable Only in Shares. Notwithstanding Section 8(d) of any discretion contained in the Plan, or any provision in the Agreement to the contrary, Restricted Stock Units granted to Grantees in United Kingdom shall be paid in Shares only and do not provide any right for Grantees in the United Kingdom to receive a cash payment.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

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