Settlement in Cash Only. Notwithstanding any discretion in the Plan or anything to the contrary in the Award Agreement, the RSUs do not provide any right for the Participant to receive Shares. The Participant shall receive only a cash payment in an amount equal to the value of the Shares on the vesting date based on the number of Shares determined under the Award Agreement (less any Tax-Related Items).
Appears in 3 contracts
Sources: Restricted Stock Unit Award Agreement (GXO Logistics, Inc.), Restricted Stock Unit Award Agreement (GXO Logistics, Inc.), Restricted Stock Unit Award Agreement (GXO Logistics, Inc.)