Common use of Payment of RSUs Clause in Contracts

Payment of RSUs. Notwithstanding any discretion in Section 11 of the Plan or in Section 2 of the Agreement and Appendix A, the grant of RSUs does not provide any right for you to receive shares and the RSUs are payable in cash only.

Appears in 5 contracts

Sources: Award Agreement for Employees – Restricted Stock Units (EnerSys), Award Agreement for Employees – Restricted Stock Units (EnerSys), Award Agreement for Employees – Restricted Stock Units (EnerSys)

Payment of RSUs. Notwithstanding any discretion in Section 11 of the Plan or in and Section 2 of the Agreement and Appendix AAgreement, the grant of RSUs does not provide any right for you to receive shares and the RSUs are payable in cash only.

Appears in 5 contracts

Sources: Award Agreement for Employees – Restricted Stock Units (EnerSys), Award Agreement for Employees – Restricted Stock Units (EnerSys), Award Agreement for Employees – Restricted Stock Units (EnerSys)