Lapse of Transfer Restrictions. Except as provided in Section 4 below, the transfer restrictions set forth in Section 2 above shall lapse according to the schedule forth on Exhibit A and as set forth in Section 4.3 below; provided that Grantee has satisfied all applicable tax withholding obligations as provided in Section 5.1 below and the conditions of Sections 5.2 through 5.4 below have been satisfied.
Lapse of Transfer Restrictions. Subject to subsection 3(c) above and unless otherwise provided by the Option Award Notice, upon the acquisition of Option Shares pursuant to the option Optionee shall be free to dispose of Option Shares so acquired in any manner and at any time after expiration of the vesting period provided by the Option Award Notice.
Lapse of Transfer Restrictions. Except as provided in Section 5 below, the Transfer Restriction shall lapse following a two (2) year hold after the Applicable Vesting Date and as set forth in Section 5.3 and Section 11 below; provided that Grantee has satisfied all applicable tax withholding obligations as provided in Section 6.1 below and the conditions of Sections 6.2 through 6.4 below have been satisfied.
Lapse of Transfer Restrictions. The transfer restrictions set forth in Section 2 above shall lapse on the dates set forth on Exhibit A (the “Lapse Dates”); provided that Grantee has satisfied all of the provisions of Section 6 below.
Lapse of Transfer Restrictions. The Transfer Restrictions for 50% of the Restricted Shares will lapse six months following the Vesting Date. The Transfer Restrictions for the remaining 50% of the Restricted Shares will lapse 18 months following the Vesting Date. First Hawaiian may affix to Certificates or to the direct registration account holding Shares issued pursuant to this Award Agreement any legend that the Committee reasonably determines to be necessary or advisable to reflect the Transfer Restrictions.
Lapse of Transfer Restrictions. Notwithstanding anything else under this Article V (but subject to the requirements of Section 2.12), all restrictions on Transfers under this Article V shall lapse and no longer be under effect if there has been a Change in Control or a Bankruptcy Event.
Lapse of Transfer Restrictions. At such time, if any, as the Committee may determine in its sole discretion, some or all of the provisions of this Section 4 shall terminate.
Lapse of Transfer Restrictions. The transfer restrictions set forth in Section 2 above shall lapse in increments of 50% as of January 15, 2011 and 50% as of January 15, 2012; provided that Grantee has satisfied all applicable tax withholding obligations as provided in Section 5.1 below and the conditions of Sections 5.2 through 5.4 below have been satisfied. Upon the lapse of transfer restrictions, settlement shall be made in shares of the Company’s Common Stock (the “Common Stock”).
Lapse of Transfer Restrictions. Except as provided in Section 3 below, the transfer restrictions set forth in Section 1 above shall lapse on the Applicable Vesting Date.
Lapse of Transfer Restrictions. The transfer restrictions set forth in Section 2 above shall lapse on the one year anniversary of each grant date (i.e., the payroll date on which the Salary Stock was granted).
