Common use of Terms and Conditions Applicable to PRC Nationals Only Clause in Contracts

Terms and Conditions Applicable to PRC Nationals Only. (a) If Employee is a national of the Peoples’ Republic of China (“PRC”), the Award and vesting of Restricted Stock Units is conditioned upon the Company securing all necessary approvals from the PRC State Administration of Foreign Exchange (“SAFE”) to permit the operation of the Plan and the participation of PRC nationals employed by the Company or a Related Company, as determined by the Company in its sole discretion.

Appears in 7 contracts

Samples: Restricted Stock Unit Agreement (Jacobs Solutions Inc.), Restricted Stock Unit Agreement (Jacobs Solutions Inc.), Restricted Stock Unit Agreement (Jacobs Solutions Inc.)

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Terms and Conditions Applicable to PRC Nationals Only. (a) a. If Employee is a national of the Peoples’ Republic of China (“PRC”), the Award and vesting of Restricted Stock Units is conditioned upon the Company securing all necessary approvals from the PRC State Administration of Foreign Exchange (“SAFE”) to permit the operation of the Plan and the participation of PRC nationals employed by the Company or a Related Company, as determined by the Company in its sole discretion.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Jacobs Engineering Group Inc /De/), Restricted Stock Unit Agreement (Jacobs Engineering Group Inc /De/)

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