Minimum Holding Period Requirement. As to any shares of Common Stock acquired by the Participant in payment of the Stock Units that vest pursuant to the Award, the Participant agrees that the Participant will not sell, pledge, assign, hypothecate, transfer or otherwise dispose of such shares prior to the date that is one (1) year after the date the Stock Units to which such shares related became vested in accordance with the terms of the Award (for example, if 100 shares of Common Stock were acquired upon payment of 100 Stock Units that became vested on a particular date, such one-year period would commence as of such vesting date as to those 100 shares); provided, however, that the restrictions set forth in this Section 7(b) shall (i) not apply to any shares withheld or reacquired by the Corporation to satisfy tax withholding obligations as contemplated by Section 10, (ii) not apply to any shares sold by the Participant to satisfy any tax liability arising in connection with the payment of the Stock Units (to the extent such tax liability exceeds the tax withholding amounts applicable to such Stock Unit payment), (iii) not apply to any transfer of shares made without consideration (or for only nominal consideration) to a “family member” (as such term is defined in the SEC General Instructions to a Registration Statement on Form S-8) of the Participant solely for purposes of estate or tax planning, and provided the transfer restrictions on such shares continue in effect after any such transfer, and (iv) lapse upon the Participant’s death or Disability or as otherwise provided by the Corporation. The Corporation may provide for any shares of Common Stock acquired under the Award and issued in book-entry form to include notations regarding the restrictions on transfer imposed under this Section 7(b) (or, as to any such shares issued in certificate form, provide for such certificates to bear appropriate legends regarding such transfer restrictions).
Minimum Holding Period Requirement. As to any shares of Common Stock acquired by the Participant in payment of the Performance Units that vest pursuant to the Award, the Participant agrees that the Participant will not sell, pledge, assign, hypothecate, transfer or otherwise dispose of such shares prior to the date that is one (1) year after the last day of the Performance Period (as the Performance Period may be shortened pursuant to Section 9(b)); provided, however, that the restrictions set forth in this Section 7(b) shall (i) not apply to any shares withheld or reacquired by the Corporation to satisfy tax withholding obligations as contemplated by Section 10, (ii) not apply to any shares sold by the Participant to satisfy any tax liability arising in connection with the payment of the Stock Units (to the extent such tax liability exceeds the tax withholding amounts applicable to such Stock Unit payment), (iii) not apply to any transfer of shares made without consideration (or for only nominal consideration) to a “family member” (as such term is defined in the SEC General Instructions to a Registration Statement on Form S-8) of the Participant solely for purposes of estate or tax planning, and provided the transfer restrictions on such shares continue in effect after any such transfer, and (iv) lapse upon the Participant’s death or Disability or as otherwise provided by the Corporation. The Corporation may provide for any shares of Common Stock acquired under the Award and issued in book-entry form to include notations regarding the restrictions on transfer imposed under this Section 7(b) (or, as to any such shares issued in certificate form, provide for such certificates to bear appropriate legends regarding such transfer restrictions).
Minimum Holding Period Requirement. Subject to the exceptions pursuant to the provisions of Sections 2(e) (i) and (ii) above (i.e. in case of the Participant’s death or Disability), following the vesting of Qualified Free Share Awards hereunder, the Participant shall hold the shares of Common Stock for a period of at least two years following such applicable Vesting Date.
Minimum Holding Period Requirement. With respect to any Shares acquired by the Participant in settlement of the Earned PSUs, the Participant agrees that the Participant will not sell, pledge, assign, hypothecate, transfer or otherwise dispose of such Shares prior to the date that is one (1) year after the date on which the Earned PSUs become vested in accordance with this Agreement; provided, however, that the restrictions set forth in this Section 7 shall (i) not apply to any Shares withheld or reacquired by the Company to satisfy tax withholding obligations as contemplated by Section 8, (ii) not apply to any Shares sold by the Participant to satisfy tax withholding obligations as contemplated by Section 8, (iii) not apply to any transfer of Shares made without consideration (or for only nominal consideration) to a “family member” (as such term is defined in the General Instructions to a Registration Statement on Form S-8) of the Participant solely for purposes of estate or tax planning, and provided the transfer restrictions on such Shares continue in effect after any such transfer, and (iv) lapse upon the Participant’s death or Disability or as otherwise provided by the Committee. The Company may provide for any Shares acquired under the Award and issued in book-entry form to include notations regarding the restrictions on transfer imposed under this Section 7 (or, as to any such Shares issued in certificate form, provide for such certificates to bear appropriate legends regarding such transfer restrictions).
Minimum Holding Period Requirement. As to any shares of Common Stock acquired by the Participant in payment of the Performance Units that vest pursuant to the Award, the Participant agrees that the Participant will not sell, pledge, assign, hypothecate, transfer or otherwise dispose of such shares prior to the date that is one (1) year after the last day of the Performance Period (as the Performance Period may be shortened pursuant to Section 9(b)); provided, however, that the restrictions set forth in this Section 7(b) shall (i) not apply to any shares withheld or reacquired by the Corporation to satisfy tax withholding obligations as contemplated by Section 10, (ii) not apply to any shares sold by the Participant to satisfy any tax liability arising in connection with the payment of the Stock Units (to the extent such tax liability exceeds the tax withholding amounts applicable to such Stock Unit payment),
