Lapsing of Restrictions. The restrictions applicable to the Restricted Units shall lapse only upon the achievement of the performance targets defined in Appendix A in accordance with the schedule set forth in Appendix A. Restricted Units for which the restrictions lapse in accordance with Appendix A shall be converted into shares of the Corporation's Common Stock and distributed to the Grantee after the Compensation Committee certification with respect to the Company's performance as described in Section 6. The Grantee may make a deferral election in accordance with the Corporation's Deferred Compensation Plan with respect to any shares that are earned under this Agreement.
Lapsing of Restrictions. Except as otherwise provided in this Agreement or by action of the Committee, the Stock Restrictions imposed on the Performance Restricted Stock shall lapse as set forth in Attachment 1.
Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions imposed on the shares of Restricted Stock awarded pursuant to this Agreement shall lapse on the dates set forth above. The period during which the Restricted Stock is subject to restrictions imposed by the Plan and under this Agreement shall be known as the "Restricted Period."
Lapsing of Restrictions. The Shares covered hereby shall vest in the following ways:
(a) Restrictions shall lapse as a function of the Company's achieving certain performance goals, as determined by the Human Resources Committee of the Board of Directors (the "Committee"). Shares shall be earned on the basis of achievement of those goals for fiscal years 1998, 1999, and 2000. Those performance goals, as currently formulated, are attached as an addendum to this agreement. The Committee shall have the unilateral authority to modify or change those goals and to determine whether the goals have been achieved. In the exercise of such discretion, the Committee may consider any matter relevant to those performance goals, including but not limited to, extraordinary gains or losses, mergers and acquisitions, changes in accounting methods, and changes in company policies. Within 90 days after the end of each fiscal year, the Committee shall inform the Grantee as to the number of Shares earned for that fiscal year. The Committee's decision is conclusive and binding upon the Grantee.
(b) With regard to Shares earned in accordance with paragraph 2(a) ("Earned Shares"), 25% of such Earned Shares shall immediately vest, and an additional 25% of such Earned Shares shall vest at the end of each of the following three fiscal years.
Lapsing of Restrictions. The Restrictions on the Shares covered hereby shall lapse in the following ways:
(a) Restrictions shall lapse as a function of the Company's achieving certain performance goals, as determined by the Stock Option Committee of the Board of Directors (the "Committee"). Shares shall be earned on the basis of achievement of those goals for fiscal years 1996, 1997, and 1998. Those performance goals, as currently formulated, are attached as an addendum to this agreement. The Committee shall have the unilateral authority to modify or change those goals and to determine whether the goals have been achieved. In the exercise of such discretion, the Committee may consider any matter relevant to those performance goals, including but not limited to, extraordinary gains or losses, mergers and acquisitions, changes in accounting methods, and changes in company policies. Within 90 days after the end of each fiscal year, the Committee shall inform the Grantee as to the number of Shares earned for that fiscal year. The Committee's decision is conclusive and binding upon the Grantee.
(b) With regard to Shares earned in accordance with paragraph 2(a) ("Earned Shares"), restrictions shall be removed from 25% of such Earned Shares at the time they are earned, and restrictions shall be removed from an additional 25% of such Earned Shares at the end of each of the following three fiscal years.
(c) Upon a "Change in Control" as defined in the Plan, all restrictions on all Shares shall be removed.
Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions applicable to the Restricted Units shall lapse only upon the achievement of the performance targets defined in Appendix A in accordance with the schedule set forth in Appendix A. In the event that a Restricted Unit vests, the Corporation shall deliver to the grantee one (1) share of Common Stock for each Restricted Unit that is vested within ninety (90) days after the end of the applicable fiscal year and after the Compensation Committee certification with respect to the Company's performance as described in Section 6.
Lapsing of Restrictions. Except as otherwise provided in this Agreement or by action of the Committee, the Stock Restrictions imposed on the Performance Restricted Stock shall lapse as set forth in Attachment 1, prorated in a manner consistent with Wolverine’s historical practice, as determined by Wolverine, to reflect employment starting after the beginning of the Performance Period or selection to receive Performance Restricted Stock after February of the first year of the Performance Period, if applicable.
Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions imposed on the Restricted Stock awarded pursuant to this Agreement shall lapse as follows: ______ shares of the Restricted Stock will vest on __________, 200__; _______ shares of the Restricted Stock will vest on ___________, 200__ (_______ shares vested) and ______ shares of the Restricted Stock will vest on ___________, 200__ (______ shares vested). The periods during which Restricted Stock is subject to restrictions imposed by the Plan and under this Agreement shall be known as "Restricted Periods."
Lapsing of Restrictions. 1/3 on December 31, 2012, 1/3 on December 31, 2013, and 1/3 on December 31, 2014 grant
Lapsing of Restrictions. Subject to the limitations contained herein, the restrictions on the Award shall lapse, and the Award shall vest, as provided in the Notice, provided that vesting shall cease upon the termination of Recipient’s status as an Eligible Employee or a Director, except to the extent expressly provided in the Notice. The period during which the Stock is subject to restrictions imposed by the Plan and this Agreement shall be known as the “Restricted Period.”
