Common use of Ownership of Restricted Stock Clause in Contracts

Ownership of Restricted Stock. From and after the Grant Date, the Participant will be entitled to all the rights of absolute ownership of the Restricted Stock granted under this Agreement, including the right to vote those shares; provided, however, that any dividends paid by the Company with respect to the Restricted Stock prior to the expiration of the Forfeiture Restrictions shall be held in escrow by the Company and paid to the Participant, if at all, at the time the Forfeiture Restrictions expire on the Restricted Stock for which the dividend accrued; provided, further, that in no event shall dividends be settled later than 45 days following the date on which the Forfeiture Restrictions expire with respect to the Restricted Stock for which the dividends were accrued. For purposes of clarity, if the Restricted Stock is forfeited by the Participant pursuant to the terms of this Agreement then the Participant shall also forfeit the dividends, if any, accrued with respect to such forfeited Restricted Stock. No interest will accrue on the dividends between the declaration and settlement of the dividends.

Appears in 5 contracts

Samples: Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc)

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Ownership of Restricted Stock. From and after the Grant DateDate of Grant, the Participant you will be entitled to all the rights of absolute ownership of the Restricted Stock granted under this Agreement, including the right to vote those shares; provided, however, that any dividends paid by the Company with respect to the Restricted Stock prior to the expiration of the Forfeiture Restrictions (as defined below) shall be held in escrow by the Company and paid to the Participantyou, if at all, at the time the Forfeiture Restrictions expire on the Restricted Stock for which the dividend accrued; provided, further, that in no event shall dividends be settled later than 45 days following the date on which the Forfeiture Restrictions expire with respect to the Restricted Stock for which the dividends were accrued. For purposes of clarity, if the Restricted Stock is forfeited by the Participant you pursuant to the terms of this Agreement then the Participant you shall also forfeit the dividends, if any, accrued with respect to such forfeited Restricted Stock. No interest will accrue on the dividends between the declaration and settlement of the dividends.

Appears in 3 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (NEP Group, Inc.), Form of Restricted Stock Agreement (NEP Group, Inc.)

Ownership of Restricted Stock. From and after the Grant Date, the Participant will be entitled to all the rights of absolute ownership of the Target Number of Restricted Stock granted under this Agreement, including the right to vote those shares; provided, however, that any dividends paid by the Company with respect to the Target Number of Restricted Stock prior to the expiration of the Forfeiture Restrictions shall be held in escrow by the Company and paid to the Participant, if at all, at the time the Forfeiture Restrictions expire on the Restricted Stock for which the dividend accrued; provided, further, that in no event shall dividends be settled later than 45 days following the date on which the Forfeiture Restrictions expire with respect to the Restricted Stock for which the dividends were accrued. For purposes of clarity, if the Restricted Stock is forfeited by the Participant pursuant to the terms of this Agreement then the Participant shall also forfeit the dividends, if any, accrued with respect to such forfeited Restricted Stock. No interest will accrue on the dividends between the declaration and settlement of the dividends.

Appears in 1 contract

Samples: Restricted Stock Agreement (LSB Industries Inc)

Ownership of Restricted Stock. From and after the Grant Date, the The Participant will be is entitled to all the rights of absolute ownership of the Restricted Stock granted under this AgreementStock, including the right to vote those shares; provided, however, that any dividends paid by the Company with respect to the Restricted Stock prior to the expiration of the Forfeiture Restrictions shall be held in escrow by the Company and paid to the Participant, if at all, at the time the Forfeiture Restrictions expire on the Restricted Stock for which the dividend accrued; provided, further, that in no event shall dividends be settled later than 45 days following the date on which the Forfeiture Restrictions expire with respect to the Restricted Stock for which the dividends were accrued. For purposes of clarity, if the Restricted Stock is forfeited by the Participant pursuant to the terms of this Agreement then the Participant shall also forfeit the dividends, if any, accrued with respect to such forfeited Restricted Stock. No interest will accrue on the dividends between the declaration and settlement of the dividends.

Appears in 1 contract

Samples: Restricted Stock Agreement (LSB Industries Inc)

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Ownership of Restricted Stock. From and after the Grant DateDate of Grant, the Participant you will be entitled to all the rights of absolute ownership of the Restricted Stock granted under this Agreement, including the right to vote those shares; provided, however, that any dividends paid by the Company with respect to the Restricted Stock Shares prior to the expiration of the Forfeiture Restrictions (as defined below) shall be held in escrow by the Company and paid to the Participantyou, if at all, at the time the Forfeiture Restrictions expire on the Restricted Stock Share for which the dividend accrued; provided, further, that in no event shall dividends be settled later than 45 days following the date on which the Forfeiture Restrictions expire with respect to the Restricted Stock Share for which the dividends were accrued. For purposes of clarity, if the Restricted Stock is Shares are forfeited by the Participant you pursuant to the terms of this Agreement then the Participant you shall also forfeit the dividends, if any, accrued with respect to such forfeited Restricted StockShares. No interest will accrue on the dividends between the declaration and settlement of the dividends.

Appears in 1 contract

Samples: Incentive Plan Restricted Stock Agreement (Sabine Oil & Gas Corp)

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