Common use of Grant of Performance Restricted Share Unit Award Clause in Contracts

Grant of Performance Restricted Share Unit Award. The Company hereby grants the target number of PSUs specified above to the Participant, as of the Grant Date stated above (the “Target Award”). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the Shares underlying the PSUs, except as otherwise specifically provided for in the Plan or this Agreement.

Appears in 4 contracts

Samples: Performance Restricted Share Unit Award Agreement (Weatherford International PLC), Performance Restricted Share Unit Award Agreement (Weatherford International PLC), Performance Restricted Share Unit Award Agreement (Weatherford International PLC)

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Grant of Performance Restricted Share Unit Award. The Company hereby grants the target number of PSUs specified above in the Award Letter to the Participant, as of the Grant Date stated above (the “Target Award”). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for PSU Award – CIC – 3 Yr Vest dividends in cash or other property, distributions or other rights in respect of the Shares underlying the PSUs, except as otherwise specifically provided for in the Plan or this Agreement.

Appears in 1 contract

Samples: Performance Restricted Share Unit Award Agreement (Weatherford International PLC)

Grant of Performance Restricted Share Unit Award. The Company hereby grants the target number of PSUs specified above to the Participantabove, as of the Grant Date stated above (the “Target Award”). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the Shares underlying the PSUs, except as otherwise specifically provided for in the Plan or this Agreement.

Appears in 1 contract

Samples: Performance Restricted Share Unit Award Agreement (Weatherford International PLC)

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Grant of Performance Restricted Share Unit Award. The Company hereby grants the target number of PSUs specified above in the Award Letter to the Participant, as of the Grant Date stated above (the “Target Award”). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the Shares underlying the PSUs, except as otherwise specifically provided for in the Plan or this Agreement.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Weatherford International PLC)

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