After Vesting Clause Samples
After Vesting. Upon and after the time that any shares of Restricted Stock have vested pursuant to Section 3, the Participant shall be permitted to Transfer (subject to applicable securities law requirements, the Corporation's ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policies, and other applicable laws and regulations) up to forty percent (40%) of such shares in the aggregate (taking into consideration the total number of shares of Restricted Stock that have vested pursuant to Section 3 and any past Transfers of any of such shares by the Participant). The Administrator may, in its discretion, increase the foregoing percentage if the Participant demonstrates that such greater percentage is necessary to satisfy any income and employment taxes attributable to the vesting of such shares. The Transfer limitation in the first sentence of this Section 6(b) shall not apply to (i) transfers to the Corporation, or (ii) transfers by will or the laws of descent and distribution. The Transfer restriction in this Section 6(b) shall terminate on the earlier to occur of (x) the fifth anniversary of the Award Date (but the shares shall continue to be subject to the restrictions of Section 7), or (y) the Participant's Severance Date (as defined below).
After Vesting. You agree not to transfer, sell, or otherwise assign your rights in any of the RSUs which vest pursuant to Section 3 and to continue to hold the shares you receive upon vesting of the RSUs until the earliest of the following events: (a) your termination of service as a director due to death, disability, retirement under the Company’s mandatory retirement policy for directors, or failure to be re-elected by shareholders as a director; (b) a Change in Control; or (c) if your termination of service as a director occurs for any reason other than those stated in Section 4.1, the first to occur of (i) your death, (ii) your disability, or (iii) the later of the date of your termination of service or March 15, 2013. In addition, you agree not to transfer, sell, or otherwise assign your rights in any of the shares you receive upon vesting of RSUs pursuant to Section 4.2 and to continue to hold such shares until the earliest of the following events: (x) your death or disability, (y) a Change in Control; or (z) March 15, 2013. No transfer restrictions apply to shares you receive upon vesting of RSUs pursuant to Section 4.1.
After Vesting. You agree not to transfer, sell, or otherwise assign your rights in any of the shares which vest pursuant to Section 3 and to continue to hold such shares until the earliest of the following events: (a) your termination of service as a director due to death, disability, retirement under the Company’s mandatory retirement policy for directors, or failure to be re-elected by shareholders as a director; (b) a Change in Control; or (c) if your termination of service occurs for any reason other than those stated in Section 4.1, the first to occur of (i) your death, (ii) your disability, or (iii) the later of the date of your termination of service or March 15, 2013. In addition, you agree not to transfer, sell, or otherwise assign your rights in any of the shares which vest pursuant to Section 4.2 and to continue to hold such shares until the earliest of the following events: (x) your death or disability, (y) a Change in Control; or (z) March 15, 2013. No transfer restrictions apply to shares which vest pursuant to Section 4.1.