Common use of Period of Restriction and Vesting Clause in Contracts

Period of Restriction and Vesting. The Period of Restriction shall begin on the Grant Date and end, except as otherwise provided in Sections 3 and 4 of this Agreement, on the date shares of Restricted Stock become vested. For purposes of this Agreement, the shares of Restricted Stock shall become vested on the fifth anniversary of the Grant Date, provided the Participant is an Employee on such date. The Grant Date is August 2, 2004.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Horizon Bancorp /In/), Restricted Stock Award Agreement (Horizon Bancorp /In/)

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Period of Restriction and Vesting. The Period of Restriction shall begin on the Grant Date and end, except as otherwise provided in Sections 3 and 4 of this Agreement, on the date shares of Restricted Stock become vested. For purposes of this Agreement, the shares of Restricted Stock shall become vested on the fifth anniversary of the Grant Date, provided the Participant is an Employee on such date. The Grant Date is August 2, 200420 .

Appears in 1 contract

Samples: Horizon Bancorp (Horizon Bancorp /In/)

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Period of Restriction and Vesting. The Period of Restriction Restriction” shall begin on the Grant Date and end, except as otherwise provided in Sections 3 4 and 4 5 of this Agreement, on the date shares of Restricted Stock become vested. For purposes of this Agreement, the shares of Restricted Stock shall become vested on the fifth anniversary of the Grant Date, provided the Participant is remains an Employee eligible participant in the Plan on such date. The Grant Date is August 2, 2004.

Appears in 1 contract

Samples: Award Agreement (Horizon Bancorp Inc /In/)

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