Common use of Payment of Restricted Stock Units Clause in Contracts

Payment of Restricted Stock Units. This provision supplements the “Issuance of Stock” section of the Award Agreement: The grant of the Award does not provide any right for Awardee to receive a cash payment and the Restricted Stock Units are payable in Stock only.

Appears in 3 contracts

Samples: Global Restricted Stock Unit Agreement (Citrix Systems Inc), Global Restricted Stock Unit Agreement (Citrix Systems Inc), Global Restricted Stock Unit Agreement (Citrix Systems Inc)

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Payment of Restricted Stock Units. This provision supplements the “Issuance of Stock” section of the Award Agreement: The grant of the Award does not provide any right for Awardee to receive a cash payment and the Restricted Stock Units are payable in Stock only. This provision is without prejudice to the application of the “Tax Withholding” section of the Award Agreement.

Appears in 3 contracts

Samples: Global Restricted Stock Unit Agreement (Citrix Systems Inc), Global Restricted Stock Unit Agreement (Citrix Systems Inc), Global Restricted Stock Unit Agreement (Citrix Systems Inc)

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Payment of Restricted Stock Units. This provision supplements the “Issuance of Stock” section of the Award Agreement: The Notwithstanding any discretion contained in Section 10.1 of the Plan, the grant of the Award does not provide any right for Awardee to receive a cash payment and the Restricted Stock Units are payable in Stock only.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement

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