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 Kazakhstan, the RSUs granted to Employees in Kazakhstan 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. LUXEMBOURG There are no country-specific provisions. MALAYSIA

Appears in 6 contracts

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

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