Common use of Restricted Stock Units Payable Only in Stock Clause in Contracts

Restricted Stock Units Payable Only in Stock. Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the award of Restricted Stock Units does not provide any right for Employee to receive a cash payment and shall be paid in shares of Stock only.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Kbr, Inc.), Restricted Stock Unit Agreement (Kbr, Inc.), Restricted Stock Unit Agreement (Kbr, Inc.)

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Restricted Stock Units Payable Only in Stock. The following provision supplements Paragraph 2(e) of the Agreement: Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the award of Restricted Stock Units does not provide any right for Employee to receive a cash payment and shall be paid in shares of Stock only.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Kbr, Inc.), Restricted Stock Unit Agreement (Kbr, Inc.), Restricted Stock Unit Agreement (Kbr, Inc.)

Restricted Stock Units Payable Only in Stock. Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the award of Restricted Stock Units does do not provide any right for Employee to receive a cash payment and shall be paid in shares of Stock only.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Kbr, Inc.), Restricted Stock Unit Agreement (Kbr, Inc.), Restricted Stock Unit Agreement (Kbr, Inc.)

Restricted Stock Units Payable Only in Stock. Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the award of Restricted Stock Units does do not provide any right for Employee to receive a cash payment and shall be paid in shares of Stock only.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Kbr, Inc.)

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Restricted Stock Units Payable Only in Stock. The following provision supplements Paragraph 2(v) of the Agreement: Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the award of Restricted Stock Units does not provide any right for Employee to receive a cash payment and shall be paid in shares of Stock only.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Kbr, Inc.)

Restricted Stock Units Payable Only in Stock. Notwithstanding any discretion in the Plan or anything to the contrary in the Agreement, the award of Restricted Stock Units does not provide any right for Employee to receive a cash payment and shall be paid in shares of Stock only.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Kbr, Inc.)

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