Common use of Settlement of RSU Award Clause in Contracts

Settlement of RSU Award. This provision supplements Section 2 of the Agreement: Notwithstanding Section 2 of the Agreement, the RSU Award does not provide any right for the Grantee to receive a cash payment and the RSU Award will be settled only in shares of Stock.

Appears in 3 contracts

Samples: Award Agreement – Restricted Stock Units (Non Us Employee) (Wyndham Destinations, Inc.), Award Agreement – Restricted Stock Units (Non Us Employee) (Wyndham Destinations, Inc.), Award Agreement — Restricted Stock Units (Non Us Employee) (Wyndham Hotels & Resorts, Inc.)

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Settlement of RSU Award. This provision supplements Section 2 of the Agreement: Notwithstanding Section 2 of the Agreement, ; the RSU Award does not provide any right for the Grantee to receive a cash payment and the RSU Award will be settled only in shares of Stock.

Appears in 1 contract

Samples: Award Agreement – Restricted Stock Units (Non Us Employee) (Wyndham Destinations, Inc.)

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