Release of Restrictions. Upon vesting of any portion of the shares of Restricted Stock and satisfaction of any other conditions required by the Plan or pursuant to this Restricted Stock Agreement, the Company shall promptly either issue a stock certificate, without such restricted legend, for any shares of the Restricted Stock that have vested, or, if the shares are held in book entry form, the Company shall remove the notations on the book form for any shares of the Restricted Stock that have vested.
Release of Restrictions. Subject to the provisions of paragraphs 2 and 5, the restrictions described in paragraph 3 above shall be released with respect to 100% of the Award Shares on July 31, 2022, except as follows:
Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to the Award Shares on the first anniversary of the Date of Award, except as follows:
Release of Restrictions. Effective eighteen (18) months following the ----------------------- Closing, and every six (6) months thereafter, until all Restricted Shares shall have been released from such restrictions, twenty percent (20%) of the original number of Restricted Shares of Seller and/or each Partner shall no longer be subject to the restrictions set forth in Section 12.1 and shall no ------------ longer be deemed Restricted Shares for any purposes of this Agreement; provided, -------- that if a Partner's employment with CenterPoint or its subsidiary is terminated ---- within 30 months of the Closing other than through death, disability, retirement or circumstances approved by the Company's management and reasonably approved by CenterPoint's chief executive officer, the Restricted Shares then held by such Partner (or held by Seller for such Partner) shall remain subject to the restrictions set forth in Section 12.1 until the fifth anniversary of the ------------ Closing Date. Notwithstanding the foregoing and Section 12.1, Seller or a ------------ Partner may (x) at any time pledge or encumber all or part of Seller's or such Partner's Restricted Shares, as applicable, provided that the pledgee or secured party agrees in writing to be bound by the provisions contained in Article XII, ----------- (y) at any time after the first anniversary of the Closing transfer all or part of such Partner's Restricted Shares to another Partner or to an immediate family member (or trust or other estate planning Person), provided, that any such -------- ---- Partner, family member or other Person agrees in writing to be bound by the provisions contained in Article XII, and (z) transfer or cause to be transferred ----------- such Partner's Restricted Shares upon such Partner's disability or death. As used in this Section 12.2, the terms "disability" and "retirement" shall have ------------ the meaning ascribed to them in CenterPoint's Employee Incentive Compensation Plan. No attempted transfer of any nature whatsoever that is in violation of this Section shall be treated as effective for any purpose.
Release of Restrictions. 5.1. Owner may request release of any or all of the conditions or restrictions contained in this EES by submitting such request to the DEQ in writing with evidence that the conditions or restrictions are no longer necessary to protect human health and the environment. The decision to release any or all of the conditions or restrictions in this EES will be within the sole discretion of DEQ.
5.2. Upon a determination pursuant to Subsection 5.1, DEQ will, as appropriate, execute and deliver to Owner a release of specific conditions or restrictions, or a release of this EES in its entirety.
Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to 100% of the Award Shares on July 31, 2024, except as follows:
Release of Restrictions. Borrowers shall use their good faith, commercially reasonable efforts to obtain all necessary consents from all Persons in whose favor or for whose benefit Contractual Obligations are in effect which would be violated by (i) a pledge of the Capital Stock of any Subsidiary of a Borrower, (ii) entry into a Borrower Joinder Agreement by a Subsidiary which is not already a Borrower, or (iii) granting a Lien on substantially all of the assets of a Subsidiary. The foregoing efforts shall be exercised so as to obtain such consents as soon as practicable but no later than 90 days after the Closing Date.
Release of Restrictions. The restrictions set forth in Section 2 shall lapse as to one hundred percent (100%) of the Award Shares on February 7, 2004 (the "Lapse Date") if Grantee is employed by the Company on such date. Notwithstanding the foregoing, all restrictions set forth in Section 2 shall lapse if Grantee's employment with the Company terminates as a result of Involuntary Termination or Constructive Termination during the twelve (12) month period following a Change in Control occurring on or before the Lapse Date. For purposes of this Agreement, "Involuntary Termination", "Constructive Termination" and "Change in Control" shall have the meanings ascribed to such terms in the Employment Agreement between the Company and Grantee dated of even date herewith (the "Employment Agreement").
Release of Restrictions. (A) The restrictions set forth in Section 2 above shall lapse as follows:
(i) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2005;
(ii) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2006;
(iii) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2007;
(B) The restrictions set forth in Section 2 above with respect to all of the Award Shares, to the extent they have not lapsed in accordance with Subsection 3(A) and to the extent not related to shares which previously have been forfeited to the Company, shall lapse on the first to happen of the following:
(i) the Grantee's employment with the Company is terminated following a Change of Control, or by reason of death, Disability, Termination of Employment Without Cause or Termination of Employment for Good Reason (for purposes of this subsection (i), the terms "Change of Control," "Disability," "Termination of Employment Without Cause," and "Termination of Employment for Good Reason" shall have the same meanings ascribed to such terms in the Employment Agreement, effective as of March 1, 1995, between the Company and the Grantee (the "Employment Agreement"); or
(ii) an action by the Committee, in its sole discretion, terminating such restrictions. The Provisions of the second sentence of Section IV.L. of the Plan shall not apply to this Award and, therefore, the lapse of the restrictions set forth in Section 2 upon the occurrence of a Change of Control, as provided in Section 3(B)(i), shall not be limited as otherwise provided in Section IV.L. of the Plan.
Release of Restrictions. Borrowers shall use their good faith, commercially reasonable efforts to obtain all necessary consents from all Persons in whose favor or for whose benefit Contractual Obligations are in effect which would be violated by a pledge of the Capital Stock of any Subsidiary of a Borrower. The foregoing efforts shall be exercised so as to obtain such consents as soon as practicable but no later than 90 days after the Closing Date.
