Common use of Award Restrictions Clause in Contracts

Award Restrictions. The period during which the restrictions imposed on the Restricted Stock by the Plan and this Agreement are in effect is referred to herein as the "Restricted Period." During the Restricted Period, the Participant shall be entitled to all rights of a stockholder of Pernix, including the right to vote the shares and to receive all dividends and other distributions declared thereon. The right to vote the Restricted Stock and any right to receive dividends thereon may not be sold, assigned, transferred, exchanged, pledged, hypothecated, or otherwise encumbered during the Restricted Period.

Award Restrictions. The period during which the restrictions imposed on the Restricted Stock by the Plan and this Agreement are in effect is referred to herein as the "“Restricted Period." ” During the Restricted Period, the Participant shall be entitled to all rights of a stockholder of PernixGameTech, including the right to vote the shares and to receive all dividends and other distributions declared thereon. The right to vote the Restricted Stock and any right to receive dividends thereon may not be sold, assigned, transferred, exchanged, pledged, hypothecated, or otherwise encumbered during the Restricted Period.

Award Restrictions. The period during which the restrictions imposed on the Restricted Stock by the Plan and this Agreement are in effect is referred to herein as the "“Restricted Period." ” During the Restricted Period, the Participant Employee shall be entitled to all rights of a stockholder of PernixTidewater, including the right to vote the shares and to receive all dividends and other distributions declared thereon. The ; provided, however, that the Restricted Stock, the right to vote the Restricted Stock and any the right to receive dividends thereon may not be sold, assigned, transferred, exchanged, pledged, hypothecated, hypothecated or otherwise encumbered during the Restricted Period.