Common use of Lapse of RESTRICTED PERIOD Clause in Contracts

Lapse of RESTRICTED PERIOD. Upon the lapse of the RESTRICTED PERIOD applicable to any RESTRICTED STOCK UNITS, the COMPANY shall deliver as promptly as is reasonably practicable a stock certificate for or other appropriate documentation evidencing the number of COMMON SHARES of the COMPANY issued in settlement of such vested RESTRICTED STOCK UNITS to the PARTICIPANT.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Abercrombie & Fitch Co /De/), Restricted Stock Unit Award Agreement (Abercrombie & Fitch Co /De/), Restricted Stock Unit Award Agreement (Abercrombie & Fitch Co /De/)

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Lapse of RESTRICTED PERIOD. Upon the lapse of the RESTRICTED PERIOD applicable to any the RESTRICTED STOCK UNITSSHARES, the COMPANY shall deliver as promptly as is reasonably practicable a stock certificate for or other appropriate documentation evidencing the number of COMMON SHARES of the COMPANY issued in settlement with respect to which restrictions have lapsed, free of all such vested RESTRICTED STOCK UNITS restrictions, to the PARTICIPANT.

Appears in 2 contracts

Samples: Restricted Shares Award Agreement (Abercrombie & Fitch Co /De/), Restricted Shares Award Agreement (Abercrombie & Fitch Co /De/)

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