Common use of Expiration of Restricted Period Clause in Contracts

Expiration of Restricted Period. Upon the lapse or expiration of the Restricted Period with respect to any portion of the Shares, the Company shall deliver to the Grantee (or in the case of a deceased Grantee, to Grantee’s legal representative) the certificate in respect of such Shares pursuant to Section 4 above or shall make an appropriate adjustment to the book entry for such Shares in the records of the Company. The Shares as to which the Restricted Period shall have lapsed or expired shall be free of the restrictions referred to in Section 2 above.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Impax Laboratories Inc), Restricted Stock Award Agreement (Impax Laboratories Inc)

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Expiration of Restricted Period. Upon the lapse or expiration of the Restricted Period with respect to any a portion of the Shares, the Company shall deliver to the Grantee (or in the case of a deceased GranteeXxxxxxx, to Grantee’s his legal representative) the certificate in respect of such Shares pursuant to Section 4 above or shall make an appropriate adjustment to the book entry for such Shares in the records of the CompanyXxxxxx. The Shares as to which the Restricted Period shall have lapsed or expired shall be free of the restrictions referred to in Section 2 above.

Appears in 1 contract

Samples: Restricted Stock Agreement (Provident Financial Holdings Inc)

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Expiration of Restricted Period. Upon the lapse or expiration of the Restricted Period with respect to any a portion of the Shares, the Company shall deliver to the Grantee (or in the case of a deceased Grantee, to Grantee’s his legal representative) the certificate in respect of such Shares pursuant to Section 4 above or shall make an appropriate adjustment to the book entry for such Shares in the records of the CompanyShares. The Shares as to which the Restricted Period shall have lapsed or expired shall be free of the restrictions referred to in Section 2 above.

Appears in 1 contract

Samples: Restricted Stock Agreement (Provident Financial Holdings Inc)

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