Common use of Settlement of Restricted Share Units Clause in Contracts

Settlement of Restricted Share Units. Restricted Share Units shall be automatically settled in ordinary Shares upon vesting of such Restricted Share Units, provided that the Company shall have no obligation to issue ordinary Shares pursuant to this Agreement unless and until you have satisfied any applicable tax withholding obligations pursuant to Section 5 below and such issuance otherwise complies with all Applicable Law and you have obtained all necessary governmental approvals and consents required under Applicable Laws in connection with the issuance of ordinary Shares pursuant to the Restricted Share Unit. Prior to the time the Restricted Share Units are settled upon vesting, you will have no rights other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company.