Common use of Lifting of Restrictions Clause in Contracts

Lifting of Restrictions. Upon the satisfaction of all requirements for restrictions to lift on all or a portion of the Restricted Shares, the restrictions on such Restricted Shares shall lapse and such vested shares of Common Stock (including any dividends on the vested Restricted Shares that were reinvested in Common Stock) shall be credited by Computershare to a separate book entry account in your name, and such vested shares shall be free of all restrictions except any that may be imposed by law. Upon the crediting of vested Restricted Shares to a book entry account, participants may treat the Common Stock in the same manner as all other Common Stock owned by the participant. All ML 1-4 Participants are considered “Restricted Employees” under Entergy’s Xxxxxxx Xxxxxxx Policy and, as such, may trade in Entergy Corporation securities only during an open window period (and only if not in possession of material, non-public information). Currently, window periods begin on the second business day after the quarterly earnings release and run through the last business day of the second month of the current, quarter. In addition, if you are a Restricted Employee, the Xxxxxxx Xxxxxxx Policy requires that you pre-clear all transactions involving Entergy securities with Entergy Corporation’s Office of the General Counsel.

Appears in 1 contract

Samples: Restricted Stock Agreement (Entergy Arkansas Inc)

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Lifting of Restrictions. Upon the satisfaction of all requirements for restrictions to lift on all or a portion of the Restricted Shares, the restrictions on such Restricted Shares shall lapse lift and such vested shares of Common Stock (including any dividends on the vested such Restricted Shares that were reinvested in Common Stock) shall be credited by Computershare to a separate book entry account in your name, and such vested shares shall be free of all restrictions except any that may be imposed by law. Upon the crediting of vested Common Stock in respect of Restricted Shares upon which restrictions have lifted to a book entry account, participants may treat the Common Stock in the same manner as all other Common Stock owned by the participant. All ML 1-4 Participants are considered “Restricted Employees” under Entergy’s Xxxxxxx Ixxxxxx Xxxxxxx Policy and, as such, may trade in Entergy Corporation securities only during an open window period (and only if not in possession of material, non-public information). CurrentlyGenerally, window periods begin on the second business day after the quarterly earnings release and run through the last business day of the second month of the current, quarterquarter in which such quarterly earnings release is publicly reported. In addition, if you are a Restricted Employee, the Xxxxxxx Ixxxxxx Xxxxxxx Policy requires that you pre-clear all transactions involving Entergy securities with Entergy Corporation’s Office of the General Counsel.

Appears in 1 contract

Samples: Restricted Stock Agreement (Entergy Mississippi Inc)

Lifting of Restrictions. Upon the satisfaction of all requirements for restrictions to lift on all or a portion of the Restricted Shares, the restrictions on such Restricted Shares shall lapse lift and such vested shares of Common Stock Shares (including any dividends on the vested such Restricted Shares that were reinvested in Common StockShares) shall be credited by Computershare to a separate book entry account in your name, and such vested shares shall be free of all restrictions except any that may be imposed by law. Upon the crediting of vested Shares in respect of Restricted Shares upon which restrictions have lifted to a book entry account, participants may treat the Common Stock Shares in the same manner as all other shares of Common Stock owned by the participant. All Participants with ML 1-4 Participants status (“ML 1-4 Participants”) are considered “Restricted Employees” under Entergy’s Xxxxxxx Xxxxxxx Policy and, as such, may trade in Entergy Corporation securities only during an open window period (and only if not in possession of material, non-public information). CurrentlyGenerally, window periods begin on the second business day after the quarterly earnings release and run through end at the last business close of trading on the 15th day of the second third month of the currentCompany’s fiscal quarter or, quarterif such day is not a trading day, on the last preceding trading day. In addition, if you are a Restricted Employee, the Xxxxxxx Xxxxxxx Policy requires that you pre-clear all transactions involving Entergy securities with Entergy Corporation’s Office of the General Counsel.

Appears in 1 contract

Samples: Restricted Stock Agreement (Entergy New Orleans, LLC)

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Lifting of Restrictions. Upon the satisfaction of all requirements for restrictions to lift on all or a portion of the Restricted Shares, the restrictions on such Restricted Shares shall lapse lift and such vested shares of Common Stock (including any dividends on the vested such Restricted Shares that were reinvested in Common Stock) shall be credited by Computershare to a separate book entry account in your name, and such vested shares shall be free of all restrictions except any that may be imposed by law. Upon the crediting of vested Common Stock in respect of Restricted Shares upon which restrictions have lifted to a book entry account, participants may treat the Common Stock in the same manner as all other Common Stock owned by the participant. All ML 1-4 Participants are considered “Restricted Employees” under Entergy’s Xxxxxxx Xxxxxxx Policy and, as such, may trade in Entergy Corporation securities only during an open window period (and only if not in possession of material, non-public information). CurrentlyGenerally, window periods begin on the second business day after the quarterly earnings release and run through the last business day of the second month of the current, quarterquarter in which such quarterly earnings release is publicly reported. In addition, if you are a Restricted Employee, the Xxxxxxx Xxxxxxx Policy requires that you pre-clear all transactions involving Entergy securities with Entergy Corporation’s Office of the General Counsel.

Appears in 1 contract

Samples: Restricted Stock Agreement (Entergy New Orleans, LLC)

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