Common use of Earning of Restricted Shares Clause in Contracts

Earning of Restricted Shares. (a) If you shall continue as an Employee from the date hereof until May 1, 2007, then you shall be deemed to have fully earned all the Restricted Shares subject to this Agreement. (b) If (i) you shall die or suffer a disability that shall continue for a continuous period of at least six months during the period of your continuous service as an Employee and prior to May 1, 2007; or (ii) a “Change in Control” (as defined for purposes of Article III, Section 13(I)(1) of Rockwell Automation’s By-Laws) shall occur during the period of your continuous service as an Employee and prior to May 1, 2007; then you shall be deemed to have fully earned all the Restricted Shares subject to this Agreement. (c) If you cease to be an Employee prior to satisfaction of any of the conditions set forth in paragraph (a) or (b) of this Section, you shall be deemed not to have earned any of the Restricted Shares and shall have no further rights with respect to the Restricted Shares or any Stock Dividends (as hereinafter defined).

Appears in 1 contract

Samples: Restricted Stock Agreement (Rockwell Automation Inc)

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Earning of Restricted Shares. (a) If You shall be deemed to have fully earned _______ of the Restricted Shares on November 7, 2002 and _______ of the Restricted Shares on November 7, 2004 if you shall continue as an Employee from the date hereof until May 1, 2007, then you shall be deemed to have fully earned all November 7 in the Restricted Shares subject to this Agreementrespective year. (b) If (i) you shall die or suffer a disability that shall continue for a continuous period of at least six months during the period of your continuous service as an Employee and prior to May 1November 7, 20072004; or (ii) a “Change in Control” (as defined for purposes of Article III, Section 13(I)(1) of Rockwell Automation’s By-Laws) shall occur during the period of your continuous service as an Employee and prior to May 1November 7, 20072004; then you shall be deemed to have fully earned all the Restricted Shares remaining subject to this Agreement. (c) If you cease to be an Employee prior to satisfaction of any of the conditions set forth in paragraph (a) or (b) of this Section, you shall be deemed not to have earned any of the Restricted Shares and shall have no further rights with respect to the Restricted Shares or any Stock Dividends (as hereinafter defined).

Appears in 1 contract

Samples: Restricted Stock Agreement (Rockwell International Corp)

Earning of Restricted Shares. (a) If you shall continue as an Employee from the date hereof until May 1January 5, 2007, then you shall be deemed to have fully earned all the Restricted Shares subject to this Agreement. (b) If (i) you shall die or suffer a disability that shall continue for a continuous period of at least six months during the period of your continuous service as an Employee and prior to May 1January 5, 2007; or (ii) a “Change in Control” (as defined for purposes of Article III, Section 13(I)(1) of Rockwell Automation’s By-Laws) shall occur during the period of your continuous service as an Employee and prior to May 1January 5, 2007; then you shall be deemed to have fully earned all the Restricted Shares subject to this Agreement. (c) If you cease to be an Employee prior to satisfaction of any of the conditions set forth in paragraph (a) or (b) of this Section, you shall be deemed not to have earned any of the Restricted Shares and shall have no further rights with respect to the Restricted Shares or any Stock Dividends (as hereinafter defined).

Appears in 1 contract

Samples: Restricted Stock Agreement (Rockwell Automation Inc)

Earning of Restricted Shares. (a) If you shall continue as an Employee from the date hereof until May 1February 5, 2007, then you shall be deemed to have fully earned all the Restricted Shares subject to this Agreement. (b) If (i) you shall die or suffer a disability that shall continue for a continuous period of at least six months during the period of your continuous service as an Employee and prior to May 1February 5, 2007; or (ii) a “Change in Control” (as defined for purposes of Article III, Section 13(I)(1) of Rockwell Automation’s By-Laws) shall occur during the period of your continuous service as an Employee and prior to May 1February 5, 2007; then you shall be deemed to have fully earned all the Restricted Shares subject to this Agreement. (c) If you cease to be an Employee prior to satisfaction of any of the conditions set forth in paragraph (a) or (b) of this Section, you shall be deemed not to have earned any of the Restricted Shares and shall have no further rights with respect to the Restricted Shares or any Stock Dividends (as hereinafter defined).

Appears in 1 contract

Samples: Restricted Stock Agreement (Rockwell Automation Inc)

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Earning of Restricted Shares. (a) If You shall be deemed to have fully earned of the Restricted Shares on [date] in each of the years if you shall continue as an Employee from the date hereof until May 1, 2007, then you shall be deemed to have fully earned all [date] in the Restricted Shares subject to this Agreementrespective year. (b) If (i) you shall die or suffer a disability that shall continue for a continuous period of at least six months during the period of your continuous service as an Employee and prior to May 1, 2007[date]; or (ii) a “Change in Control” (as defined for purposes of Article III, Section 13(I)(1) of Rockwell Automation’s By-Laws) shall occur during the period of your continuous service as an Employee and prior to May 1, 2007[date]; then you shall be deemed to have fully earned all the Restricted Shares subject to this Agreement. (c) If you cease to be an Employee prior to satisfaction of any of the conditions set forth in paragraph (a) or (b) of this Section, you shall be deemed not to have earned any of the Restricted Shares and shall have no further rights with respect to the Restricted Shares or any Stock Dividends (as hereinafter defined).

Appears in 1 contract

Samples: Restricted Stock Agreement (Rockwell Automation Inc)

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