Common use of No Monetary Payment Required Clause in Contracts

No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding, if any) as a condition to receiving the Performance Shares or the Stock issued upon settlement of the Performance Shares, the consideration for which shall be past Services actually rendered and/or future Services to be rendered to a Participating Company. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash or past Services rendered having a value not less than the par value of the Stock issued upon settlement of the Performance Shares.

Appears in 3 contracts

Samples: Performance Share Agreement (Lululemon Athletica Inc.), Performance Share Agreement (Lululemon Athletica Inc.), Performance Share Agreement (Lululemon Athletica Inc.)

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No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding, if any) as a condition to receiving the Performance Shares or the Stock issued upon settlement of the Performance SharesRestricted Stock, the consideration for which shall be past Services services actually rendered and/or future Services services to be rendered to a Participating Companythe Company (or any Affiliate) or for its benefit. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash or past Services services rendered to the Company (or any Affiliate) or for its benefit having a value not less than the par value of the Stock issued upon settlement shares of the Performance SharesStock.

Appears in 3 contracts

Samples: Executive Restricted Stock Agreement (Western Alliance Bancorporation), Executive Restricted Stock Agreement (Western Alliance Bancorporation), Executive Restricted Stock Agreement

No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding, if any) as a condition to receiving the Performance Shares or the Stock issued upon settlement of the Performance Shares, the consideration for which shall be past Services services actually rendered and/or future Services services to be rendered to a Participating CompanyCompany or for its benefit. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash or past Services services rendered to a Participating Company or for its benefit having a value not less than the par value of the shares of Stock issued upon settlement of the Performance SharesAward.

Appears in 2 contracts

Samples: Restricted Stock Agreement (E TRADE FINANCIAL Corp), Restricted Stock Agreement (Globalstar, Inc.)

No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding, if any) as a condition to receiving the Performance Shares or the Stock issued upon settlement of the Performance Shares, the consideration for which shall be past Services actually rendered and/or future Services to be rendered to a Participating Company. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash or past Services rendered having a value not less than the par value of the Stock issued upon settlement of the Performance Shares.

Appears in 2 contracts

Samples: Performance Share Agreement (Lululemon Athletica Inc.), Performance Share Agreement (Lululemon Athletica Inc.)

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No Monetary Payment Required. The Participant is not required to make any monetary payment (other than to satisfy applicable tax withholding, if any, with respect to the issuance or vesting of the Shares) as a condition to receiving the Performance Shares or the Stock issued upon settlement of the Performance Shares, the consideration for which shall be past Services actually or f uture services rendered and/or future Services or to be rendered to a Participating Company. Notwithstanding the foregoingCompany or an Affiliate or for its benefit, if required or other legal consideration permitted by applicable state corporate lawthe Committee, the Participant shall furnish consideration in the form of cash or past Services rendered having a value not less than the par value of the Stock Shares issued upon settlement of pursuant to the Performance SharesAward.

Appears in 1 contract

Samples: Restricted Stock Agreement (PDL Biopharma, Inc.)

No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding, if any) as a condition to receiving the Performance Shares or the Stock issued upon settlement of the Performance Shares, the consideration for which shall be past Services services actually rendered and/or future Services services to be rendered to a Participating CompanyCompany or for its benefit. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash or past Services services rendered to a Participating Company or for its benefit having a value not less than the par value of the Stock Shares issued upon settlement of pursuant to the Performance SharesAward.

Appears in 1 contract

Samples: Restricted Stock Agreement (Halozyme Therapeutics Inc)

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