Common use of Settlement of Performance Shares Clause in Contracts

Settlement of Performance Shares. If, prior to settlement of the Performance Shares, the Participant transfers employment and/or residence to a country outside the U.S. not covered in this Appendix C to a country in which Performance Shares are settled in cash, the Performance Shares shall continue to be settled in Shares, unless the Company determines, in its discretion., that the Performance Shares shall be settled in cash for legal or administrative reasons.

Appears in 5 contracts

Samples: Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.), Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.), Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)

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Settlement of Performance Shares. If, prior to settlement of the Performance Shares, the Participant transfers employment and/or residence to from a country outside in which Performance Shares are settled in Shares pursuant to the U.S. not covered terms and conditions set forth in this Appendix C to a country in which Performance Shares are settled in cash, the Performance Shares shall continue to be settled in Shares, unless otherwise determined by the Company determinesCompany, in its discretion., that the Performance Shares shall be settled in cash for legal or administrative reasons.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)

Settlement of Performance Shares. If, prior to settlement of the Performance Shares, the Participant transfers employment and/or residence to a country outside the U.S. not covered in this Appendix C to a country in which Performance Shares are settled in cash, the Performance Shares shall continue to be settled in Shares, unless the Company determines, in its discretion., that the Performance Shares shall be settled in cash for legal or administrative reasons.. AUSTRALIA

Appears in 1 contract

Samples: Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)

Settlement of Performance Shares. If, prior to settlement of the Performance Shares, the Participant transfers employment and/or residence to a country outside the U.S. not covered in this Appendix C to a country in which Performance Shares are settled in cash, the Performance Shares shall continue to be settled in Shares, unless the Company determines, in its discretion., that the Performance Shares shall be settled in cash for legal or administrative reasons.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)

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Settlement of Performance Shares. If, prior to settlement of the Performance Shares, the Participant transfers employment and/or residence to a country outside the U.S. not covered in this Appendix C D to a country in which Performance Shares are settled in cash, the Performance Shares shall continue to be settled in Shares, unless the Company determines, in its discretion., that the Performance Shares shall be settled in cash for legal or administrative reasons.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)

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