Common use of Currency Exchange Rates Clause in Contracts

Currency Exchange Rates. For Participants who are not paid on a U.S. Dollar payroll, the currency exchange rate used to calculate the number of Restricted Stock Units was determined by the published intercompany exchange rate in effect for the month in which the Grant Date occurred; provided if such rate had not been determined at the Grant Date, the currency exchange rate was determined by using the published intercompany exchange rate for the month prior to the month in which the Grant Date occurred.

Appears in 5 contracts

Samples: 2017 Restricted Stock Unit Award Agreement (LyondellBasell Industries N.V.), Restricted Stock Unit Award Agreement (LyondellBasell Industries N.V.), Restricted Stock Unit Award Agreement (LyondellBasell Industries N.V.)

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Currency Exchange Rates. For Participants who are not paid on a U.S. Dollar payroll, the currency exchange rate used to calculate the number of Restricted Stock Units Option Shares was determined by the published intercompany exchange rate in effect for the month in which the Grant Date occurred; provided if such rate had not been determined at the Grant Date, the currency exchange rate was determined by using the published intercompany exchange rate for the month prior to the month in which the Grant Date occurred.

Appears in 5 contracts

Samples: Nonqualified Stock Option Award Agreement (LyondellBasell Industries N.V.), Nonqualified Stock Option Award Agreement (LyondellBasell Industries N.V.), 2017 Nonqualified Stock Option Award Agreement (LyondellBasell Industries N.V.)

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