Common use of Payment of Vested Performance Units Clause in Contracts

Payment of Vested Performance Units. The following supplements Paragraph 3 of the Agreement: Notwithstanding anything in the Agreement, any payment in connection with the vesting of the Performance Units will be paid to you in cash through local payroll. Further, you agree to bear any currency fluctuation risk between the time the Performance Units vest and the time the cash payment is distributed to you. US/INTERNATIONAL EMPLOYEE (CASH/STOCK) (EXHIBIT B) FINLAND KBR, INC. 2006 STOCK AND INCENTIVE PLAN There are no country specific provisions. US/INTERNATIONAL EMPLOYEE (CASH/STOCK) (EXHIBIT B) GERMANY KBR, INC. 2006 STOCK AND INCENTIVE PLAN Exchange Control Information. Cross-border payments in excess of €12,500 (e.g., the payout of the Performance Units, proceeds from the sale of shares of Stock), must be reported monthly to the German Federal Bank. You are responsible for satisfying the reporting obligation and must file the report electronically by the fifth day of the month following the month in which the payment is received. A copy of the form can be accessed via the German Federal Bank’s website at xxx.xxxxxxxxxx.xx and is available in both German and English. US/INTERNATIONAL EMPLOYEE (CASH/STOCK) (EXHIBIT B) INDIA KBR, INC. 2006 STOCK AND INCENTIVE PLAN

Appears in 2 contracts

Samples: Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.)

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Payment of Vested Performance Units. The following supplements Paragraph 3 of the Agreement: Notwithstanding anything in the Agreement, any payment in connection with the vesting of the Performance Units will be paid to you in cash through local payroll. Further, you agree to bear any currency fluctuation risk between the time the Performance Units vest and the time the cash payment is distributed to you. US/INTERNATIONAL EMPLOYEE (CASH/STOCKCASH ONLY) (EXHIBIT B) FINLAND KBR, INC. 2006 STOCK AND INCENTIVE PLAN There are no country specific provisions. US/INTERNATIONAL EMPLOYEE (CASH/STOCKCASH ONLY) (EXHIBIT B) GERMANY KBR, INC. 2006 STOCK AND INCENTIVE PLAN Exchange Control Information. Cross-border payments in excess of €12,500 (e.g., the payout of the Performance Units, proceeds from the sale of shares of Stock), must be reported monthly to the German Federal Bank. You are responsible for satisfying the reporting obligation and must file the report electronically by the fifth day of the month following the month in which the payment is received. A copy of the form can be accessed via the German Federal Bank’s website at xxx.xxxxxxxxxx.xx and is available in both German and English. US/INTERNATIONAL EMPLOYEE (CASH/STOCKCASH ONLY) (EXHIBIT B) INDIA KBR, INC. 2006 STOCK AND INCENTIVE PLAN

Appears in 2 contracts

Samples: Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.)

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