Common use of Settlement of the RSUs Clause in Contracts

Settlement of the RSUs. The Company shall settle the Vested RSUs solely in cash. Except as set forth in Section 4, such cash payment will be based on the number of Vested RSUs multiplied by the Fair Market Value of an Ordinary Share and the applicable exchange rate (as determined by the Company) on the Achievement Date, and will be paid out to the Participant as soon as practicable via normal payroll, but no later than [●]. The Company may deduct any amount from the cash payment due in respect of the RSU if necessary to comply with applicable local law or to comply with tax obligations with respect to the vesting or settlement (in which case, the Participant hereby expressly authorizes the Company to make such necessary deductions on the Participant’s behalf).

Settlement of the RSUs. The Company shall settle the Vested RSUs solely in cash. Except as set forth in Section 4, such cash payment will be based on the number of Vested RSUs multiplied by the Fair Market Value of an Ordinary Share and the applicable exchange rate (as determined by the Company) on the Achievement Date, Vesting Date and will be paid out to the Participant as soon as practicable via normal payroll, but no later than [●]. The Company may deduct any amount from the cash payment due in respect of the RSU if necessary to comply with applicable local law or to comply with tax obligations with respect to the vesting or settlement (in which case, the Participant hereby expressly authorizes the Company to make such necessary deductions on the Participant’s behalf).

Settlement of the RSUs. The Company shall settle the Vested RSUs solely in cash. Except as set forth in Section 4, such cash payment will be based on the number of Vested RSUs multiplied by the Fair Market Value of an Ordinary Share and the applicable exchange rate (as determined by the Company) on the Achievement Date, and will be paid out to the Participant as soon as practicable via normal payroll, but no later than [●]. The Company may deduct any amount from the cash payment due in respect of the RSU if necessary to comply with applicable local law or to comply with tax obligations with respect to the vesting or settlement (in which case, the Participant hereby expressly authorizes the Company to make such necessary deductions on the Participant’s behalf).