No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding, if any) as a condition to receiving the RSUs or Shares issued upon settlement of the RSUs, the consideration for which shall be past services actually rendered and/or future services to be rendered to the Company (or any Parent or Subsidiary) or for its benefit. Notwithstanding the foregoing, if required by applicable corporate law, the Participant shall furnish consideration in the form of cash or past services rendered to the Company (or any Parent or Subsidiary) or for its benefit having a value not less than the par value of the Shares issued upon settlement of the RSUs. The Participant may also be subject to, where applicable, the methods of payment required by the Plan.
Appears in 2 contracts
Sources: Stock Option Agreement (Silicon Image Inc), Stock Option Agreement (Silicon Image Inc)
No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding, if any) as a condition to receiving the RSUs Units or Shares issued upon settlement of the RSUsUnits, the consideration for which shall be past services actually rendered and/or or future services to be rendered to the Company (or any Company, a Parent or SubsidiarySubsidiary (each, as defined in the Plan) or for its benefit. Notwithstanding the foregoing, if required by applicable corporate law, the Participant shall furnish consideration in the form of cash or past services rendered to the Company (or any Company, a Parent or Subsidiary) Subsidiary or for its benefit having a value not less than the par value of the Shares issued upon settlement of the RSUs. The Participant may also be subject to, where applicable, the methods of payment required by the PlanUnits.
Appears in 2 contracts
Sources: Restricted Stock Units Agreement (Terran Orbital Corp), Restricted Stock Units Agreement (Terran Orbital Corp)