Common use of IRR Release Date Clause in Contracts

IRR Release Date. (i) Upon the occurrence of the IRR Release Date, if it occurs, the Restricted Stock shall become Released Shares hereunder and shall cease to be subject to Forfeiture, except for the portion of such Released Shares, if any, which thereafter becomes subject to Forfeiture pursuant to and in accordance with Section 2(f), (g) or (h). Upon the IRR Release Date, the Released Shares shall be fully transferable by the Management Stockholder (provided that shares then subject to Forfeiture pursuant to Section 2(f) or (g) may not be Transferred other than pursuant to Section 2(f) or (g)), except as otherwise provided in the Stockholders Agreement or in any other contract then in effect entered into by the Management Stockholder which restricts transferability of shares by the Management Stockholder or as otherwise required by law.