Common use of Condition to Delivery of Restricted Shares Clause in Contracts

Condition to Delivery of Restricted Shares. (a) Employee must deliver to the Company, within two (2) business days after the earlier of (i) the date (the “Vesting Date”) on which any Restricted Shares become Vested Shares, or (ii) the date the Employee makes an election pursuant to Section 83(b) of the Internal Revenue Code as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Section 83(b) of the Internal Revenue Code, as applicable, except as provided in Section 1(b).

Appears in 19 contracts

Samples: Restricted Stock Award (Ruby Tuesday Inc), Restricted Stock Award (Ruby Tuesday Inc), Restricted Stock Award (Ruby Tuesday Inc)

AutoNDA by SimpleDocs

Condition to Delivery of Restricted Shares. (ai) Employee must deliver to the Company, within two (2) business days after the earlier of (i) the date (the “Vesting Date”) on which any Restricted Shares become Vested Shares, or (ii) the date the Employee makes an election pursuant to Section 83(b) of the Internal Revenue Code as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Section 83(b) of the Internal Revenue Code, as applicable, except as provided in Section 1(b2(b)(ii).

Appears in 4 contracts

Samples: Ruby Tuesday Inc, Ruby Tuesday Inc, Ruby Tuesday Inc

Condition to Delivery of Restricted Shares. (a) Employee must deliver to the Company, within two (2) business days after the earlier of (i) the date (the “Vesting Date”) on which any Restricted Shares become Vested Shares, or (ii) the date the Employee makes an election pursuant to Section 83(b) of the Internal Revenue Code as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all tax withholding obligations (whether federal, state state, or local) imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Section 83(b) of the Internal Revenue Code, as applicable, except as provided in Section 1(b).

Appears in 2 contracts

Samples: Restricted Stock Award (First Reliance Bancshares Inc), Restricted Stock Award (First Reliance Bancshares Inc)

Condition to Delivery of Restricted Shares. (a) In order not to forfeit the Restricted Shares, Employee must deliver to the Company, within two thirty (230) business days after of the earlier of (i) the date (the “Vesting Date”) on which any Restricted Shares become Vested Restricted Shares, or (ii) the date the Employee makes making of an election pursuant to Code Section 83(b) of the Internal Revenue Code as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all of the withholding tax withholding obligations (whether federal, state or local) ), imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Code Section 83(b) of the Internal Revenue Code), as applicable, except as provided in Section 1(b2(b).

Appears in 2 contracts

Samples: Bancshares Corporation Restricted Stock Agreement (Area Bancshares Corp), Bancshares Corporation Restricted Stock Agreement (Area Bancshares Corp)

Condition to Delivery of Restricted Shares. (ai) Employee must deliver to the Company, within two (2) business days after the earlier of (i) the date (the “Vesting Date”) on which any Restricted Shares become Vested Shares, or (ii) the date the Employee makes an election pursuant to Section 83(b) of the Internal Revenue Code as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Section 83(b) of the Internal Revenue Code, as applicable, except as provided in Section 1(b1(b)(ii).

Appears in 2 contracts

Samples: Initial Award (Ruby Tuesday Inc), Initial Award (Ruby Tuesday Inc)

Condition to Delivery of Restricted Shares. (a) Employee must deliver to the Company, within two (2) business days after the earlier of (i) the date (the “Vesting Date”) Date on which any Restricted Shares become Vested Shares, or (ii) the date the Employee makes an election pursuant to Section 83(b) of the Internal Revenue Code as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Section 83(b) of the Internal Revenue Code, as applicable, except as provided in Section 1(b).

Appears in 2 contracts

Samples: Restricted Stock Award (Park Sterling Corp), Restricted Stock Award (Park Sterling Corp)

AutoNDA by SimpleDocs

Condition to Delivery of Restricted Shares. (a) Employee must deliver to the Company, within two (2) business days after the earlier of (i) the date (the “Vesting Date”) on which any Net Restricted Shares become Vested Shares, or (ii) the date the Employee makes an election pursuant to Section 83(b) of the Internal Revenue Code as to all or any portion of the Net Restricted Shares, either cash or a certified check payable to the Company in the amount of all tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Section 83(b) of the Internal Revenue Code, as applicable, except as provided in Section 1(b).

Appears in 1 contract

Samples: Restricted Stock Award (Ruby Tuesday Inc)

Condition to Delivery of Restricted Shares. (a) In order to not forfeit the Restricted Shares, the Employee must deliver to the Company, within two thirty (230) business days after the earlier of (ia) the date (the “Vesting Date”) on which any Restricted Shares become Vested Shares, or (iib) the date the Employee makes making of an election pursuant to Code Section 83(b) of the Internal Revenue Code ), as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all withholding tax withholding obligations (whether federal, state or local) ), imposed on the Company by reason of the vesting of the Restricted Shares, Shares or the making of an election pursuant to Code Section 83(b) of the Internal Revenue Code), as applicable, except as provided in Section 1(b1.3(b).

Appears in 1 contract

Samples: Restricted Stock Agreement (Neighbors Bancshares Inc)

Condition to Delivery of Restricted Shares. (a) Employee must deliver to the Company, within two (2) business days after the earlier of (i) the date (the “Vesting Date”) on which any Restricted Shares become Vested SharesShares (the “Vesting Date”), or (ii) the date the Employee makes an election pursuant to Section 83(b) of the Internal Revenue Code (the “Code”) as to all or any portion of the Restricted Shares, either cash or a certified check payable to the Company in the amount of all tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of the Restricted Shares, or the making of an election pursuant to Section 83(b) of the Internal Revenue Code, as applicable, except as provided in Section 1(b).

Appears in 1 contract

Samples: Restricted Stock Award (Buckhead Community Bancorp Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.