D&B Restricted Stock Sample Clauses
The D&B Restricted Stock clause defines the terms and limitations associated with the issuance or holding of restricted stock by D&B. Typically, this clause outlines conditions under which the stock cannot be sold, transferred, or otherwise disposed of for a specified period, often until certain vesting requirements or company milestones are met. For example, employees or executives may receive restricted stock as part of their compensation, but they must remain with the company for a set time before gaining full ownership rights. The core function of this clause is to incentivize retention and align the interests of recipients with the long-term success of the company, while also protecting the company from premature stock transfers.
D&B Restricted Stock. At the time of the Distribution, the Corporation shall contribute to New D&B any New D&B Common Stock received by the Corporation as a result of the forfeiture of restricted D&B Common Stock by employees or directors of the Corporation and its Subsidiaries who will no longer be employees or directors of any member of the Moody's Group immediately following the Distribution.