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Common use of Removal of Restrictions Clause in Contracts

Removal of Restrictions. Subject to any applicable deferral election under the Xxxxxxx Controls International plc Executive Deferred Compensation Plan (or any successor or similar deferred compensation plan for which the Participant is eligible) and to Section 4 below, Shares that have not been forfeited shall become available to the Participant after the last day of the Restriction Period upon payment in full of all taxes due with respect to such Shares.

Appears in 5 contracts

Samples: Option or Share Appreciation Right Award Agreement (Johnson Controls International PLC), Restricted Share or Restricted Share Unit Award Agreement (Johnson Controls International PLC), Restricted Share or Restricted Share Unit Award Agreement (Johnson Controls International PLC)

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Removal of Restrictions. Subject to any applicable deferral election under the Xxxxxxx Controls International plc Senior Executive Deferred Compensation Plan (or any successor or similar deferred compensation plan for which the Participant is eligible) and to Section 4 below, Shares that have not been forfeited shall become available to the Participant after the last day of the Restriction Period upon payment in full of all taxes due with respect to such Shares.

Appears in 2 contracts

Samples: Option or Share Appreciation Right Award Agreement (Johnson Controls International PLC), Option or Share Appreciation Right Award Agreement (Johnson Controls International PLC)

Removal of Restrictions. Subject to any applicable deferral election under the Xxxxxxx Jxxxxxx Controls International plc Executive Deferred Compensation Plan (or any successor or similar deferred compensation plan for which the Participant is eligible) and to Section 4 below, Shares that have not been forfeited shall become available to the Participant after the last day of the Restriction Period upon payment in full of all taxes due with respect to such Shares.

Appears in 1 contract

Samples: Option or Share Appreciation Right Award Agreement (Johnson Controls International PLC)

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Removal of Restrictions. Subject to any applicable deferral election under the Xxxxxxx Controls International plc Senior Executive Deferred Compensation Plan (or any successor or similar deferred compensation plan for which the Participant is eligible) and to Section 4 below, Shares that have not been Terms for FY2023 Restricted Share Units – 2021 Plan forfeited shall become available to the Participant after the last day of the Restriction Period upon payment in full of all taxes due with respect to such Shares.

Appears in 1 contract

Samples: Option or Share Appreciation Right Award Agreement (Johnson Controls International PLC)

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