Common use of Financial Hardship Clause in Contracts

Financial Hardship. The 1995 Plan Committee or senior management of the Company may, in its or their sole discretion, permit other sales of vested Shares during the Blackout Period in the event of a severe financial hardship of the Grantee.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Ptek Holdings Inc), Restricted Stock Award Agreement (Ptek Holdings Inc), Restricted Stock Award Agreement (Ptek Holdings Inc)

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Financial Hardship. The 1995 1998 Plan Committee or senior management of the Company may, in its or their sole discretion, permit other sales of vested Shares during the Blackout Period in the event of a severe financial hardship of the Grantee.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Ptek Holdings Inc)

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