Expiration of Restrictions. The restrictions set forth in Article III hereof shall expire and be of no further force and effect on and after the Expiration Date.
Expiration of Restrictions. The rights and obligations restrictions set forth in Article III hereof shall terminate and be of no further force and effect as of the Expiration Date.
Expiration of Restrictions. The restrictions of the Restricted Stock will expire as set forth in this Section 4, as of the expiration dates set forth in this Section 4. TERMINATION OF AWARD
Expiration of Restrictions. The restrictions on all of the Restricted Stock granted pursuant to this Agreement will expire and the Restricted Stock shall become transferable and non-forfeitable at the time such Restricted Stock has vested pursuant to this Agreement.
Expiration of Restrictions. All restrictions imposed by -------------------------- Section 3 hereof upon the transferability of Capital Stock, Notes or Consideration Warrants shall cease and terminate (a) as to any particular share of Capital Stock, when such share has been sold pursuant to Rule 144 or shall have been effectively registered under the Securities Act and disposed of in accordance with the registration statement covering such share or (b) upon the consummation of a Qualifying Public Offering. Whenever such restrictions shall terminate as to any Capital Stock, Notes or Consideration Warrants, the holder thereof shall be entitled to receive from the Company without expense a new certificate or certificates representing such securities not bearing the legend set forth in Section 3.6 hereof.
Expiration of Restrictions. Unless the Restrictions on Restricted Stock lapse earlier under Section 3(b) or 5(a), the Restrictions shall lapse as to thirty-three (33%) percent of the total number of shares of Restricted Stock on the third anniversary of the Date of Grant, an additional thirty-three (33%) percent of the total number of shares of Restricted Stock on the fourth anniversary of the Date of Grant and the remaining thirty-four (34%) percent of the total number of shares of Restricted Stock on the fifth anniversary of the Date of Grant. Upon expiration of the Restrictions on any Restricted Stock, the Company shall promptly deliver to Employee one or more certificates representing such Shares (which shall no longer be deemed to be Restricted Stock), with any legend referring to the Restrictions removed from such certificate(s), or shall cause such Shares to be delivered to a broker or bank which maintains an account for Employee or Employee's designee, for deposit to such account, or shall make delivery of such Shares by other reasonable means determined by the Committee.
Expiration of Restrictions. Unless the Restrictions on Restricted Stock lapse earlier under Section 3(b) or 5(a), the Restrictions shall lapse as to one-fifth of the total number of shares of Restricted Stock on each of the first, second, third, fourth, and fifth anniversaries of the Date of Grant. Upon expiration of the Restrictions on any Restricted Stock, the Com- pany shall promptly deliver to Employee one or more certificates representing such Shares (which shall no longer be deemed to be Restricted Stock), with any legend referring to the Restrictions removed from such certificate(s), or shall cause such Shares to be delivered to a broker or bank which maintains an account for Employee or Employee's designee, for deposit to such account.
Expiration of Restrictions. This Section 3 shall terminate and be of no further force or effect upon the earlier to occur of (i) a closing of the Company’s Initial Public Offering, and (ii) consummation of a Change of Control.
Expiration of Restrictions. Sections 4.2 shall terminate and be of no further force or effect upon the earliest to occur of (i) the closing of the Company’s Initial Public Offering, and (ii) consummation of a Change of Control. Section 4.1 shall terminate and be of no further force or effect upon the earliest to occur of (i) consummation of a Change of Control, and (ii) the fifth anniversary of the date of this Agreement. Section 4.5 shall terminate and be of no further force of effect upon the earlier to occur of (i) consummation of a Change of Control. Section 4.3 shall terminate and be of no further force and effect when both Sections 4.1 and 4.2 have been terminated.
Expiration of Restrictions. Unless the Restrictions on Restricted Stock lapse earlier under Section 3(b) or 3(d), the Restrictions shall lapse according to the following schedule, in each instance subject to Employee's continued employment with the Company through the relevant vesting date: Vesting Date Shares ------------ ------ January 1, 2006 71,667 January 1, 2007 71,667 January 1, 2008 71,666 Upon expiration of the Restrictions on any Restricted Stock, the Company shall promptly deliver to Employee one or more certificates representing such Shares (which shall no longer be deemed to be Restricted Stock), with any legend referring to the Restrictions removed from such certificate(s), or shall cause such Shares to be delivered to a broker or bank which maintains an account for Employee or Employee's designee, for deposit to such account, or shall make delivery of such Shares by other reasonable means determined by the Committee.
