Common use of Lapse of Restrictions; Restricted Period Clause in Contracts

Lapse of Restrictions; Restricted Period. Except as provided in Sections 3 and 5 below, the restrictions set forth in Section 1 above shall lapse and all of the Restricted Shares shall become unrestricted and freely tradable on May 20, 2011, if Recipient is a member of the board of trustees of the Company or any of its affiliates.

Appears in 2 contracts

Samples: Restricted Stock Agreement (First Potomac Realty Trust), Restricted Stock Agreement (First Potomac Realty Trust)

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Lapse of Restrictions; Restricted Period. Except as provided in Sections 3 and 5 below, the The restrictions set forth in Section 1 above shall lapse and all of the Restricted Shares shall become unrestricted and freely tradable on May 2022, 20112009, if Recipient is a member of the board of trustees of the Company or any of its affiliates.

Appears in 1 contract

Samples: Restricted Stock Agreement (First Potomac Realty Trust)

Lapse of Restrictions; Restricted Period. Except as provided in Sections 3 and 5 below, the restrictions set forth in Section 1 above shall lapse and all of the Restricted Shares shall become unrestricted and freely tradable on May 2019, 20112012, if Recipient is a member of the board of trustees of the Company or any of its affiliates.

Appears in 1 contract

Samples: Restricted Stock Agreement (First Potomac Realty Trust)

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Lapse of Restrictions; Restricted Period. Except as provided in Sections 3 and 5 below, the The restrictions set forth in Section 1 above shall lapse and all of the Restricted Shares shall become unrestricted and freely tradable on May 2022, 20112008, if Recipient is a member of the board of trustees of the Company or any of its affiliates.

Appears in 1 contract

Samples: Restricted Stock Agreement (First Potomac Realty Trust)

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