Payout of RSUs in Cash Only. Pursuant to the Company’s discretion under Section 2(ii) of the Plan and Section 3 of the Grant Agreement, due to legal considerations in People’s Republic of China (“PRC”), the RSUs granted to Employees in PRC shall be settled in cash paid in local currency by the Employer through local payroll (less any Tax-Related Items and/or fees) and do not provide any right for the Employee to receive Shares. Notifications
Appears in 8 contracts
Samples: Grant Agreement (Hp Inc), Grant Agreement (Hp Inc), Grant Agreement (Hp Inc)
Payout of RSUs in Cash Only. Pursuant to the Company’s discretion under Section 2(ii) of the Plan and notwithstanding the language in Section 3 of the Grant Agreement, due to legal considerations exchange control restrictions in People’s Republic of China (the “PRC”), the RSUs granted to Employees in PRC China shall be settled in cash paid in local currency by the Employer through local payroll only (less any Tax-Related Items and/or fees) and do not provide any right for the Employee to receive Shares. Notifications.
Appears in 3 contracts
Samples: Grant Agreement (Hewlett Packard Enterprise Co), Grant Agreement (Hp Inc), Grant Agreement (Hp Inc)
Payout of RSUs in Cash Only. Pursuant to the Company’s discretion under Section 2(ii) of the Plan and Section 3 of the Grant Agreement, due to legal considerations in the People’s Republic of China (the “PRC”), the RSUs granted to Employees residing in the PRC (including any dividend equivalents) shall be settled in cash paid in local currency by the Employer through local payroll only (less any Tax-Related Items or other withholding obligations set forth in Section 12 of the Grant Agreement in accordance with Applicable Law and/or fees) and do not provide any right for the Employee Team Member to receive Shares. Notifications
Appears in 2 contracts
Samples: Grant Agreement (Hewlett Packard Enterprise Co), Grant Agreement (Hewlett Packard Enterprise Co)
Payout of RSUs in Cash Only. Pursuant to the Company’s discretion under Section 2(ii) of the Plan and Section 3 of the Grant Agreement, due to legal considerations exchange control restrictions in People’s 's Republic of China (“the "PRC”"), the RSUs granted to Employees in PRC China shall be settled in cash paid in local currency by the Employer through local payroll only (less any Tax-Related Items and/or fees) and do not provide any right for the Employee to receive Shares. Notifications.
Appears in 2 contracts
