Settlement in Shares Contract Clauses (34)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Settlement in Shares clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Settlement in Shares. Notwithstanding anything to the contrary in this Addendum, the Terms and Conditions or the 2011 Plan, the RSUs shall be settled only in Shares (and may not be settled in cash).
Found in Stryker Corp. contract
Settlement in Shares. Notwithstanding anything to the contrary in this Addendum, the Terms and Conditions or the 2011 Plan, the RSUs Options shall be settled only in Shares (and may not be settled in cash).
Found in Stryker Corp. contract
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Settlement in Shares. Notwithstanding any provisions in the Agreement or the Plan to the contrary, no cash or other property (other than newly issued Shares) shall be issuable or deliverable by the Company upon vesting of the Participant's PSUs hereunder. If the aggregate number of Shares issuable to such Participant upon vesting of the Participant's PSUs hereunder would otherwise include a fraction of a Share, such number of Shares shall be rounded down to the nearest whole number of Shares. If the Participant is a ...resident of Quebec, the following provision applies: 4. English Language Consent. The parties acknowledge that it is their express wish that the Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. Les parties reconnaissent avoir expressément souhaité que la convention, ainsi que tous les documents, avis et procédures judiciarise, exécutés, donnés ou intentés en vertu de, ou lié, directement ou indirectement à la présente convention, soient rédigés en langue anglaise. CHINA The following terms and conditions will apply to the extent that the Company, in its discretion, determines that the Participant's participation in the Plan will be subject to exchange control requirements in the People's Republic of China ("PRC"), as implemented by the PRC State Administration of Foreign Exchange ("SAFE"): 1. Performance Stock Units Conditioned on Satisfaction of Regulatory Obligations. If the Participant is a national of the People's Republic of China ("PRC"), the grant of the Performance Stock Units is conditioned upon the Company securing all necessary approvals from the SAFE to permit the operation of the Plan and the participation of PRC nationals employed in China, as determined by the Company in its sole discretion. View More Arrow
Found in Ceridian HCM Holding Inc. contract
Settlement in Shares. Notwithstanding any provisions in the Agreement or the Plan to the contrary, no cash or other property (other than newly issued Shares) shall be issuable or deliverable by the Company upon vesting the settlement of the such Participant's PSUs RSUs hereunder. If the aggregate number of Shares issuable to such Participant upon the vesting of the Participant's PSUs RSUs hereunder would otherwise include a fraction of a Share, such number of Shares shall be rounded down to the nearest whole number o...f Shares. If the Participant is a resident of Quebec, the following provision applies: 4. English 4.English Language Consent. The parties acknowledge that it is their express wish that the Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. Les parties reconnaissent avoir expressément souhaité que la convention, ainsi que tous les documents, avis et procédures judiciarise, exécutés, donnés ou intentés en vertu de, ou lié, directement ou indirectement à la présente convention, soient rédigés en langue anglaise. CHINA The following terms and conditions will apply to the extent that the Company, in its discretion, determines that the Participant's participation in the Plan will be subject to exchange control requirements in the People's Republic of China ("PRC"), as implemented by the PRC State Administration of Foreign Exchange ("SAFE"): 1. Performance Stock Units RSUs Conditioned on Satisfaction of Regulatory Obligations. If the Participant is a national of the People's Republic of China ("PRC"), the grant of the Performance Stock Units RSUs is conditioned upon the Company securing all necessary approvals from the SAFE to permit the operation of the Plan and the participation of PRC nationals employed in China, as determined by the Company in its sole discretion. 7 2. Shares Must Be Held with Plan Broker. All Shares issued upon settlement of the RSUs will be deposited into a personal brokerage account established with the Company's Plan Broker on the Participant's behalf. The Participant understands that he or she may sell the Shares at any time after they are deposited in such account, however, the Participant may not transfer the Shares out of the brokerage account with the Plan Broker. View More Arrow
Found in Ceridian HCM Holding Inc. contract
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