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 notwithstanding the language in Section 3 of the Grant Agreement, due to legal considerations in Tunisia, the RSUs granted to Employees in Tunisia shall be settled in cash only through local payroll (less any Tax-Related Items and/or fees) and do not provide any right for the Employee to receive Shares.

Appears in 3 contracts

Samples: Grant Agreement (Hewlett Packard Enterprise Co), 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 notwithstanding the language in Section 3 of the Grant Agreement, due to legal considerations in TunisiaAlgeria, the RSUs granted to Employees in Tunisia Algeria shall be settled in cash only only, paid through local payroll (less any Tax-Related Items and/or fees) and do not provide any right for the Employee to receive Shares.. ANGOLA

Appears in 2 contracts

Samples: 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 in Tunisia, the RSUs granted to Employees residing in Tunisia (including any dividend equivalents) shall be settled in cash only through local payroll (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.

Appears in 1 contract

Samples: 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 notwithstanding the language in Section 3 of the Grant Agreement, due to legal considerations in Tunisia, the RSUs granted to Employees residing in Tunisia shall be settled in cash only through local payroll (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.

Appears in 1 contract

Samples: Grant Agreement (Hewlett Packard Enterprise Co)

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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 in TunisiaAlgeria, the RSUs granted to Employees in Tunisia Algeria shall be settled in cash only only, paid 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 1 contract

Samples: Grant Agreement (Hp Inc)

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