Common use of Expiration and Termination of Restrictions Clause in Contracts

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) Upon satisfaction of the Performance Criteria set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2012 Plan).

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (ASB Bancorp Inc), Restricted Stock Award Agreement (SI Financial Group, Inc.), Restricted Stock Award Agreement (Franklin Financial Corp)

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Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the "Restricted Period"): (a) Upon satisfaction of the Performance Criteria set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2012 2008 Plan).

Appears in 2 contracts

Samples: Performance Award Agreement (Beneficial Mutual Bancorp Inc), Restricted Stock Award Agreement (PVF Capital Corp)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the "Restricted Period"): (a) Upon satisfaction of the Performance Criteria set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2012 2009 Plan).

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (North Penn Bancorp Inc), Restricted Stock Award Agreement (First Capital Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) Upon satisfaction of the Performance Criteria set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2012 2015 Plan).

Appears in 1 contract

Samples: Performance Award Agreement (Sandy Spring Bancorp Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) Upon satisfaction of the Performance Criteria Vesting Dates set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliateaffiliate of the Company; or (b) Upon termination of your employment by reason of death death, Disability, normal or Disabilitylate retirement, or with the consent of the Committee, early retirement; or (c) Upon a Change in Control (as defined in the 2012 Plan)Control.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Penseco Financial Services Corp)

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Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) Upon satisfaction of the Performance Criteria set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2012 2011 Plan).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Fox Chase Bancorp Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) Upon satisfaction of the Performance Criteria set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2012 Plan)disability.

Appears in 1 contract

Samples: Performance Award Agreement (Coastal Financial Corp)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) Upon satisfaction of the Performance Criteria set forth on page 1, provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2012 2016 Plan).

Appears in 1 contract

Samples: Performance Award Agreement (Beneficial Bancorp Inc.)

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