Common use of Payout of RSUs in Cash Only Clause in Contracts

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 Morocco, the RSUs granted to Employees in Morocco 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. NETHERLANDS Notifications Securities Law Notice

Appears in 6 contracts

Samples: Grant Agreement (Hp Inc), Grant Agreement (Hp Inc), Grant Agreement (Hp Inc)

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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 Morocco, the RSUs granted to Employees in Morocco 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. NETHERLANDS Notifications Securities Law NoticeNotice NEW ZEALAND

Appears in 2 contracts

Samples: Grant Agreement (Hp Inc), Grant Agreement (Hp Inc)

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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 Morocco, the RSUs granted to Employees in Morocco shall be settled in cash paid in local currency by the Employer only through local payroll (less any Tax-Related Items and/or fees) and do not provide any right for the Employee to receive Shares. NETHERLANDS Notifications Securities Law NoticeNotice NEW ZEALAND

Appears in 1 contract

Samples: Grant Agreement (Hp Inc)

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