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) as to the percentages of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided Grantee is then still employed by the Corporation or a Parent or Subsidiary; or (b) as to all of the Shares, the termination of Grantee's employment from the Corporation or a Parent or Subsidiary due to death.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Movie Gallery Inc)

AutoNDA by SimpleDocs

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) as to the percentages of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided the performance contingencies have been achieved and Grantee is then still employed by the Corporation or a Parent or Subsidiary; or (b) as to all of the Shares, the termination of Grantee's employment from the Corporation Xxxxxxation or a Parent or Subsidiary due to death.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Movie Gallery 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) as As to the percentages fractions of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided Grantee is then still employed by the Corporation Company or a Parent or Subsidiaryan Affiliate; or or (b) as As to all of the unvested Shares, on the date of termination of Grantee's ’s employment from the Corporation by reason of death or a Parent or Subsidiary due to deathDisability.

Appears in 1 contract

Samples: Restricted Stock Agreement (Premiere Global Services, 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) as As to the percentages of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided Grantee is then still employed by the Corporation Company or a Parent or Subsidiaryan Affiliate; or or (b) as As to all of the unvested Shares, on the date of termination of Grantee's employment from the Corporation by reason of death or a Parent or Subsidiary due to deathDisability.

Appears in 1 contract

Samples: Restricted Stock Agreement (Indus International 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) as As to the percentages number of Restricted Shares as and to the Shares specified on page 1 hereof, extent indicated on the respective dates specified in Section 1 hereinabove; provided, however, that Grantee on page 1 hereof; provided Grantee those respective dates is then still employed by the Corporation or a Parent or Subsidiary; or Company; (b) as As to all of the unvested Restricted Shares, on the date of termination of Grantee's ’s employment from the Corporation or a Parent or Subsidiary due to death.by reason of death or

Appears in 1 contract

Samples: Restricted Stock Agreement (Tradestation Group Inc)

AutoNDA by SimpleDocs

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) as to the percentages of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided the performance contingency has been achieved and Grantee is then still employed by the Corporation or a Parent or Subsidiary; or (b) as to all of the Shares, the termination of Grantee's employment from the Corporation Xxxxxxation or a Parent or Subsidiary due to death.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Movie Gallery 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) as As to the percentages fractions of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided Grantee is then still employed by the Corporation Company or a Parent or Subsidiaryan affiliate; or or (b) as As to all of the unvested Shares, on the date of termination of Grantee's ’s employment from the Corporation by reason of death or a Parent or Subsidiary due to deathdisability.

Appears in 1 contract

Samples: Restricted Stock Agreement (Premiere Global Services, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!