Common use of Lapse of RESTRICTED PERIOD Clause in Contracts

Lapse of RESTRICTED PERIOD. Unless the Restricted Period on Restricted Stock Units has lapsed earlier under Section 3(c) or 5(a), the Restricted Period will lapse according to the following schedule, subject to Employee’s continued employment with the Company or a subsidiary through the relevant vesting date: The lapse of the Restricted Period for the Restricted Stock Units is cumulative, but shall not exceed 100%.

Appears in 5 contracts

Samples: Restricted Stock Units Agreement (Charming Shoppes Inc), Restricted Stock Units Agreement (Charming Shoppes Inc), Restricted Stock Units Agreement (Charming Shoppes Inc)

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