Insufficient Awards of Stock. If Executive has not been granted or has not vested sufficient stock to meet the Ownership Level, then all shares resulting from the vesting of any restricted stock award under the Plan shall be subject to the holdback described in this Section until such time as the value of all of Executive’s shares eligible for the holdback exceeds the Ownership Level.
Appears in 8 contracts
Samples: Employment Agreement (NewStar Financial, Inc.), Early Retirement Agreement (NewStar Financial, Inc.), Termination Agreement and General Release (NewStar Financial, Inc.)
