Common use of Number of Shares; Restrictions Clause in Contracts

Number of Shares; Restrictions. The Company hereby grants Grantee an Award of shares of Restricted Stock (the “Restricted Shares”) pursuant to the terms of this Agreement and the provisions of the Plan. The Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of and shall be subject to a risk of forfeiture until the lapse of the restrictions as set forth in this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Empire State Realty Trust, Inc.), Restricted Stock Agreement (Empire State Realty Trust, Inc.), Restricted Stock Agreement (Empire State Realty Trust, Inc.)

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Number of Shares; Restrictions. The Company hereby grants Grantee an Award of __________ shares of Restricted Stock (the “Restricted Shares”) pursuant to the terms of this Agreement and the provisions of the Plan. The Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of and shall be subject to a risk of forfeiture until the lapse of the restrictions as set forth in this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Empire State Realty OP, L.P.)

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