Common use of Lapse of RESTRICTED PERIOD Clause in Contracts

Lapse of RESTRICTED PERIOD. In the event of a Change in Control, the Restricted Period shall lapse as to the remaining Restricted Stock subject to the Restricted Period immediately prior to the time of the Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Subscription Agreement (Ws Financing Corp), Restricted Stock Subscription Agreement (Ws Financing Corp)

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Lapse of RESTRICTED PERIOD. In the event of a Change in Control, the Restricted Period shall lapse as to the remaining Restricted Stock subject to the Restricted Period immediately prior to at the time of the Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Subscription Agreement (Ws Financing Corp), Restricted Stock Subscription Agreement (Worldspan BBN Holdings LLC)

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