No Additional Payment Required. The Participant shall not be required to make any additional monetary payment (other than applicable tax withholding, if any) upon settlement of the Award. Payment of the aggregate purchase price of the shares of Stock for which the Award is being settled shall be made in the form of past services rendered by the Participant to a Participating Company or for its benefit which the Board, by resolution, determines to have a value not less than the aggregate purchase price of such shares of Stock.
Appears in 5 contracts
Samples: Deferred Stock Agreement, Deferred Stock Agreement (Cohu Inc), Performance Share Award Agreement (Invitrogen Corp)
No Additional Payment Required. The Participant shall not be required to make any additional monetary payment (other than applicable tax withholding, if any) upon settlement of the Award. Payment of the aggregate purchase price of the shares of Stock for which the Award is being settled shall be made in the form of past services rendered by the Participant to a Participating the Company or for its benefit which the Board, by resolution, determines to have a value not less than the aggregate purchase price of such shares of Stock.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Cohu Inc), Restricted Stock Unit Agreement (Cohu Inc)
No Additional Payment Required. The Participant shall not be required to make any additional monetary payment (other than applicable tax withholding, if any) upon settlement of the Award. Payment of the aggregate purchase price of the shares of Stock for which the Award is being settled shall be made in the form of past services rendered by the Participant to a Participating the Company or for its benefit which the BoardCommittee, by resolution, determines to have a value not less than the aggregate purchase price of such shares of Stock.
Appears in 1 contract
