Common use of Lapse of Restrictions Generally Clause in Contracts

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, one-third (1/3) of the number of Shares of Restricted Stock issued hereunder (rounded up to the next whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three (3) anniversaries of the Date of Grant.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Community Health Systems Inc), Restricted Stock Award Agreement (Community Health Systems Inc), Restricted Stock Award Agreement (Community Health Systems Inc)

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Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, one-third (1/3) of the number of Shares of Restricted Stock issued hereunder (rounded up to the next nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three (3) anniversaries of the Date of Grant.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Quorum Health Corp), Restricted Stock Award Agreement (Quorum Health Corp), Restricted Stock Award Agreement (Community Health Systems Inc)

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, one-third one-______ (1/31/_) of the number of Shares of Restricted Stock issued hereunder (rounded up down to the next nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three _______ (3_) anniversaries of the Date of Grant.

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (Freedom Holding Corp.), Restricted Stock Grant Agreement (Freedom Holding Corp.)

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, one-third fourth (1/31/4) of the number of Shares of Restricted Stock issued hereunder (rounded up down to the next nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three four (34) anniversaries of the Date of Grant.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement, Restricted Stock Award Agreement (Wendys International Inc)

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, one-third half (1/31/2) of the number of Shares of Restricted Stock issued hereunder (rounded up to the next whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three two (32) anniversaries of the Date of Grant.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Community Health Systems Inc)

Lapse of Restrictions Generally. Except as provided in Sections 4, 4 and 5 and 6 hereof, one-third fourth (1/31/4) of the number of Shares shares of Restricted Stock issued hereunder (rounded up down to the next nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three four (34) anniversaries of the Date of GrantGrant Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (ACA Capital Holdings Inc)

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Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, one-third (1/3) of the number of Shares of Restricted Stock issued hereunder (rounded up to the next nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three (3) anniversaries of the Date of GrantGrant Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Quorum Health Corp)

Lapse of Restrictions Generally. Except as provided in Sections 46.3, 5 6.4 and 6 7 hereof, one-third fourth (1/31/4) of the number of Shares of Restricted Stock issued hereunder (rounded up down to the next nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three four (34) anniversaries of the Date of GrantIssue Date.

Appears in 1 contract

Samples: Performance Share Award Agreement (Wendys International Inc)

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, one-third (1/3) of the number of Shares of Restricted Stock issued hereunder (rounded up to the next nearest whole Share, if necessary) shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three (3) anniversaries of the [Date of Grant].

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Quorum Health Corp)

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