Lapse of Restrictions Generally. Except as provided in Sections 4 and 5 hereof, 25% of the number of shares of Restricted Stock issued hereunder shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the second (2nd), third (3rd), fourth (4th) and fifth (5th) anniversaries of the date of grant, subject to the Grantee’s continued employment.
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Samples: Restricted Stock Award Agreement (McJunkin Red Man Holding Corp)
Lapse of Restrictions Generally. Except as provided in Sections 4 4, 5 and 5 6 hereof, 25% one hundred percent (100%) of the number of shares Shares of Restricted Stock issued hereunder shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each the first anniversary of the second (2nd), third (3rd), fourth (4th) and fifth (5th) anniversaries Date of the date of grant, subject to the Grantee’s continued employmentGrant.
Appears in 1 contract
Lapse of Restrictions Generally. Except as provided in Sections 4 4, 5 and 5 6 hereof, 25% one hundred percent (100%) of the number of shares Shares of Restricted Stock issued hereunder shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each the first anniversary of the second (2nd), third (3rd), fourth (4th) and fifth (5th) anniversaries of the date of grant, subject to the Grantee’s continued employmentGrant Date.
Appears in 1 contract
Samples: Award Agreement (Quorum Health Corp)
Lapse of Restrictions Generally. Except as provided in Sections 4 and 5 hereof, 25100% of the number of shares of Restricted Stock issued hereunder shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the second (2nd), third (3rd), fourth (4th) and fifth (5th) anniversaries anniversary of the date of grantGrant Date, subject to the Grantee’s continued employmentservice.
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Samples: Restricted Stock Award Agreement (South Texas Supply Company, Inc.)
Lapse of Restrictions Generally. Except as provided in Sections 4 and 5 hereof, 25100% of the number of shares of Restricted Stock issued hereunder shall vest, and the restrictions with respect to such Restricted Stock shall lapse, on each of the second (2nd), third (3rd), fourth (4th) and fifth (5th) anniversaries anniversary of the date of grantGrant Date, subject to the Grantee’s continued employment.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (South Texas Supply Company, Inc.)
