Common use of Awards Payable in Cash Only Clause in Contracts

Awards Payable in Cash Only. Awards granted to Participants in Vietnam shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock.

Appears in 3 contracts

Samples: Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp)

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Awards Payable in Cash Only. Notwithstanding anything in the Award Agreement, Awards granted to Participants in Vietnam shall be paid in cash only and do not provide any right for the Participant to receive shares of Common StockStock and shall be paid only in cash through local payroll in an amount equal to the value of the shares at vesting less any Tax-Related Items. The Participant agrees to bear any currency fluctuation risk between the time the Awards vest and the time the cash payment is distributed to the Participant through local payroll.

Appears in 2 contracts

Samples: Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp)

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Awards Payable in Cash Only. Notwithstanding anything in the Award Agreement, Awards granted to Participants in Vietnam shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock.Stock and shall be paid only in cash

Appears in 1 contract

Samples: Award Agreement (Kimberly Clark Corp)

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