Common use of Director Notification Requirement Clause in Contracts

Director Notification Requirement. If the Participant is a Director of the local Subsidiary, he or she must notify the local Subsidiary of the grant and also provide notice of any change in his or her interest in the mPRSUs (e.g. vesting or the sale of Shares).

Appears in 8 contracts

Sources: Market Based Performance Restricted Stock Unit Award Agreement (Lam Research Corp), Market Based Performance Restricted Stock Unit Award Agreement (Lam Research Corp), Market Based Performance Restricted Stock Unit Award Agreement (Lam Research Corp)

Director Notification Requirement. If the Participant is a Director of the local Subsidiary, he or she must notify the local Subsidiary of the grant and also provide notice of any change in his or her interest in the mPRSUs RSUs (e.g. vesting or the sale of Shares).

Appears in 6 contracts

Sources: Restricted Stock Unit Award Agreement (Lam Research Corp), Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (Lam Research Corp)

Director Notification Requirement. If the Participant is a Director of the local Subsidiary, he or she must notify the local Subsidiary of the grant and also provide notice of any change in his or her interest in the mPRSUs Options (e.g. vesting exercise or the sale of Shares).

Appears in 5 contracts

Sources: Nonstatutory Stock Option Award Agreement (Lam Research Corp), Nonstatutory Stock Option Award Agreement, Nonstatutory Stock Option Award Agreement (Lam Research Corp)

Director Notification Requirement. If the Participant is a Director of the local Subsidiary, he or she must notify the local Subsidiary subsidiary of the grant and also provide notice of any change in his or her interest in the mPRSUs option (e.g. vesting or the exercise, sale of Shares). There are no country specific provisions.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Oclaro, Inc.)

Director Notification Requirement. If the Participant Awardee is a Director of the local Subsidiary, he or she must notify the local Subsidiary of the grant and also provide notice of any change in his or her interest in the mPRSUs Option (e.g. vesting or the exercise, sale of Shares).

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Cardinal Health Inc)