Compliance with Local. Laws Notwithstanding anything to the contrary contained in this Agreement, the Company may, in its sole discretion, settle any vested award in the form of a cash payment to the extent settlement in Shares is prohibited under local law, or would require the Participant, the Company or the employer to obtain the approval of any governmental and/or regulatory body in the Participant’s country of residence (or country of employment, if different).
Appears in 3 contracts
Samples: Performance Share Award Agreement (Interpublic Group of Companies, Inc.), Performance Cash Award Agreement (Interpublic Group of Companies, Inc.), Restricted Stock Award Agreement (Interpublic Group of Companies, Inc.)
Compliance with Local. Laws Notwithstanding anything to the contrary contained in this Agreement, the Company may, in its sole discretion, settle any vested award in the form of a cash payment to the extent settlement in Shares is prohibited under local law, or would require the Participant, the Company or the employer to obtain the approval of any governmental and/or regulatory body in the Participant’s 's country of residence (or country of employment, if different).
Appears in 2 contracts
Samples: Performance Cash Award Agreement (Interpublic Group of Companies, Inc.), Performance Share Award Agreement (Interpublic Group of Companies, Inc.)
