Common use of Payment for Awards Clause in Contracts

Payment for Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Award recipients.

Appears in 71 contracts

Sources: 2020 Stock Incentive Plan (Nikola Corp), Inducement Award Plan (SITIME Corp), 2020 Stock Incentive Plan (Concentrix Corp)

Payment for Awards. To the extent that an Award is granted in the form of Restricted Stock Units, no cash consideration shall be required of the Award recipients.

Appears in 6 contracts

Sources: 2021 Stock Incentive Plan (Lucid Group, Inc.), 2021 Stock Incentive Plan (Rockley Photonics Holdings LTD), 2021 Stock Incentive Plan (Lucid Group, Inc.)

Payment for Awards. To the extent that an Award is granted in the form of Stock Share Units, no cash consideration shall be required of the Award recipients.

Appears in 3 contracts

Sources: 2024 Omnibus Incentive Plan (I-Mab), Award Agreement (Gorilla Technology Group Inc.), 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

Payment for Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Award recipients.. ​ ​

Appears in 2 contracts

Sources: 2005 Stock Incentive Plan (EGAIN Corp), Stock Incentive Plan (EGAIN Corp)

Payment for Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Award recipientsrecipient.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Motive Inc), Non Qualified Stock Option Agreement (Motive Inc)

Payment for Awards. To the extent that an Award is granted in the form of Stock Units, Share Units or Performance Units no cash consideration shall be required of the Award recipients.

Appears in 1 contract

Sources: 2006 Equity Incentive Plan (Cutter & Buck Inc)