Common use of Cash Settlement Relating to Holders in certain Jurisdictions Clause in Contracts

Cash Settlement Relating to Holders in certain Jurisdictions. The delivery of Stock under this Agreement, if any, shall be effective only at any applicable time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units shall instead be settled in cash in an amount equal to the value of the Stock, determined using the closing price on the Vesting Date, that would have been delivered under the Units. ________________________________ Sign Name ________________________________ Print Name ________________________________ Date

Appears in 2 contracts

Samples: Award Agreement (Owens Corning), Award Agreement (Owens Corning)

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Cash Settlement Relating to Holders in certain Jurisdictions. The For the Holder under the laws of their applicable jurisdiction, the delivery of Stock under this Agreement, if any, shall be effective only at any applicable such time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units portion of the Award that would have been settled in Stock shall instead be settled in cash in an amount equal to the value of the Stock, determined using the closing price on the Vesting Date, Stock that would have been delivered under the UnitsAward. ________________________________ Sign Name ________________________________ Print Name ________________________________ Date

Appears in 2 contracts

Samples: Award Agreement (Owens Corning), Award Agreement (Owens Corning)

Cash Settlement Relating to Holders in certain Jurisdictions. The For the Holder under the laws of their applicable jurisdiction, the delivery of shares of Stock under this Agreement, if any, shall be effective only at any applicable such time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of shares of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units portion of the Award that would have been settled in shares of Stock shall instead be settled in cash in an amount equal to the value of the Stock, determined using the closing price on the Vesting Date, shares of Stock that would have been delivered under the UnitsAward. ________________________________ Sign Name ________________________________ Print Name ________________________________ Date_

Appears in 2 contracts

Samples: Award Agreement (Owens Corning), Award Agreement (Owens Corning)

Cash Settlement Relating to Holders in certain Jurisdictions. The delivery of shares of Stock under this Agreement, if any, shall be effective only at any applicable time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of shares of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units Award shall instead be settled in cash in an amount equal to the value of the shares of Stock, determined using the closing price on the Vesting Datedate of vesting, that would have been delivered under the UnitsAward. ________________________________ Sign Name ________________________________ Print Name ________________________________ DateDate APPENDIX A TO RESTRICTED STOCK UNIT AGREEMENT CALIFORNIA ADDENDUM Additional Terms and Conditions for Awards under the Xxxxx Corning 2023 Stock Plan

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Owens Corning)

Cash Settlement Relating to Holders in certain Jurisdictions. The delivery of Stock under this Agreement, if any, shall be effective only at any applicable time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units shall instead be settled in cash in an amount equal to the value of the Stock, determined using the closing price on the Vesting Date, that would have been delivered under the Units. ________________________________ Sign Name ________________________________ Print Name ________________________________ Date_

Appears in 1 contract

Samples: Award Agreement (Owens Corning)

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Cash Settlement Relating to Holders in certain Jurisdictions. The delivery of shares of Stock under this Agreement, if any, shall be effective only at any applicable time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of shares of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units Award shall instead be settled in cash in an amount equal to the value of the shares of Stock, determined using the closing price on the Vesting Date, that would have been delivered under the UnitsAward. ________________________________ Sign Name ________________________________ Print Name ________________________________ Date

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Owens Corning)

Cash Settlement Relating to Holders in certain Jurisdictions. The delivery of shares of Stock under this Agreement, if any, shall be effective only at any applicable time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of shares of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units Award shall instead be settled in cash in an amount equal to the value of the shares of Stock, determined using the closing price on the Vesting Date, that would have been delivered under the UnitsAward. ________________________________ Sign Name ________________________________ Print Name ________________________________ Date_

Appears in 1 contract

Samples: Award Agreement (Owens Corning)

Cash Settlement Relating to Holders in certain Jurisdictions. The For the Holder under the laws of their applicable jurisdiction, the delivery of Stock under this Agreement, if any, shall be effective only at any applicable such time as counsel to the Company shall have determined that the issuance and delivery of such Stock is in compliance with all applicable laws and regulations of such jurisdiction and the requirements of any securities exchange on which such Stock is traded. Notwithstanding any other provision of the Plan or this Agreement to the contrary, if at any time it is determined by counsel to the Company that the issuance and delivery of Stock pursuant to this Agreement to a Holder in such jurisdiction would for any reason be unenforceable or prohibited as a matter of law or would result in material adverse consequences for the Company or the Holder, then the Units portion of the Award that would have been settled in Stock shall instead be settled in cash in an amount equal to the value of the Stock, determined using the closing price on the Vesting Date, Stock that would have been delivered under the UnitsAward. ________________________________ Sign Name ________________________________ Print Name ________________________________ Date_

Appears in 1 contract

Samples: Award Agreement (Owens Corning)

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