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 exchange control restrictions in Uzbekistan, the RSUs granted to Employees in Uzbekistan shall be settled in cash only (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 exchange control restrictions in Uzbekistan, the RSUs granted to Employees in Uzbekistan shall be settled in cash only (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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