Restricted Period; Vesting. Subject to the provisions of this Restricted Stock Agreement including, without limitation, the following provisions of this Paragraph 4, the total number of shares subject to this Restricted Stock Agreement shall vest, and the restrictions imposed thereon shall lapse, in accordance with the following schedule: [schedule to be specified] The period from the date hereof until the shares of the Restricted Stock have become 100% vested and the restrictions thereon have lapsed shall be referred to as the “Restricted Period.” The Committee may, upon the occurrence of a Change in Control and in accordance with Paragraph 8 below, waive all restrictions and conditions of the Restricted Stock with the result that the shares of Restricted Stock shall be fully vested and the restrictions thereon shall have lapsed.
Appears in 4 contracts
Samples: Restricted Stock Agreement (Tetra Technologies Inc), Restricted Stock Agreement (Tetra Technologies Inc), Restricted Stock Agreement (Tetra Technologies Inc)
Restricted Period; Vesting. Subject to the provisions of this Restricted Stock Agreement including, without limitation, the following provisions of this Paragraph 4, the total number of shares subject to this Restricted Stock Agreement shall vest, and the restrictions imposed thereon shall lapse, in accordance with the following schedule: [schedule to be specified] The period from the date hereof until the shares of the Restricted Stock have become 100% vested and the restrictions thereon have lapsed shall be referred to as the “Restricted Period.” The Committee may, upon the occurrence of a Change in Control and in accordance with Paragraph 8 below, may waive all restrictions and conditions of the Restricted Stock with the result that the shares of Restricted Stock shall be fully vested and the restrictions thereon shall have lapsed, (i) upon the occurrence of a Change in Control in accordance with Paragraph 8 below, or (ii) upon the death, Disability or Retirement of Participant in accordance with Paragraph 7 below.
Appears in 3 contracts
Samples: Employee Restricted Stock Agreement (Tetra Technologies Inc), Restricted Stock Agreement (Tetra Technologies Inc), Restricted Stock Agreement (Tetra Technologies Inc)
Restricted Period; Vesting. Subject to the provisions of this Restricted Stock Agreement including, without limitation, the following provisions of this Paragraph 4, the total number of shares subject to this Restricted Stock Agreement shall vest, and the restrictions imposed thereon shall lapse, in accordance with the following schedule: [schedule to be specified] The period from the date hereof until the shares of the Restricted Stock have become 100% vested and the restrictions thereon have lapsed shall be referred to as the “Restricted Period.” The Committee may, upon the occurrence of a Change in Control and in accordance with Paragraph 8 below, may waive all restrictions and conditions of the Restricted Stock with the result that the shares of Restricted Stock shall be fully vested and the restrictions thereon shall have lapsed, (i) upon the occurrence of a Change in Control in accordance with Paragraph 8 below, or (ii) upon termination of service as a Non-Employee Consultant as a result of the death, Disability or Retirement of Participant in accordance with Paragraph 7 below.
Appears in 3 contracts
Samples: Tetra Technologies Inc, Consultant Restricted Stock Agreement (Tetra Technologies Inc), Consultant Restricted Stock Agreement (Tetra Technologies Inc)
Restricted Period; Vesting. Subject to the provisions of this Restricted Stock Agreement including, without limitation, the following provisions of this Paragraph 4, the total number of shares subject to this Restricted Stock Agreement shall vest, and the restrictions imposed thereon shall lapse, in accordance with the following schedule: [schedule to be specified] The period from the date hereof until the shares of the Restricted Stock have become 100% vested and the restrictions thereon have lapsed shall be referred to as the “Restricted Period.” The Committee may, upon the occurrence of a Change in Control and in accordance with Paragraph 8 below, may waive all restrictions and conditions of the Restricted Stock with the result that the shares of Restricted Stock shall be fully vested and the restrictions thereon shall have lapsed, (i) upon the occurrence of a Change in Control or termination of Employment of Participant following a Change in Control in accordance with Paragraph 8 below, or (ii) upon the termination of Employment of Participant under any other circumstances in accordance with Paragraph 7 below.
Appears in 2 contracts
Samples: Employee Restricted Stock Agreement (Tetra Technologies Inc), Employee Restricted Stock Agreement (Tetra Technologies Inc)
Restricted Period; Vesting. Subject to the provisions of this Restricted Stock Agreement including, without limitation, the following provisions of this Paragraph 4, the total number of shares subject to this Restricted Stock Agreement shall vest, and the restrictions imposed thereon shall lapse, in accordance with the following schedule: [schedule to be specified] The period from the date hereof until the shares of the Restricted Stock have become one hundred percent (100% %) vested and the restrictions thereon have lapsed shall be referred to as the “Restricted Period.” The Committee may, upon Upon the occurrence of a Change in Control Control, and to the extent provided in accordance with Paragraph 8 below, waive all restrictions and conditions of the Restricted Stock shall automatically be waived without any required action by the Company, Committee or the Board with the result that the shares of Restricted Stock shall be fully vested and the restrictions thereon shall have lapsed.
Appears in 1 contract
Samples: Restricted Stock Agreement (Allis Chalmers Energy Inc.)
Restricted Period; Vesting. Subject to the provisions of this Restricted Stock Agreement including, without limitation, the following provisions of this Paragraph 4, the total number of shares subject to this Restricted Stock Agreement shall vest, and the restrictions imposed thereon shall lapse, in accordance with the following schedule: [schedule to be specified] The period from the date hereof until the shares of the Restricted Stock have become one hundred percent (100% %) vested and the restrictions thereon have lapsed shall be referred to as the “Restricted Period.” The Committee may, upon Upon the occurrence of a Change in Control and to the extent provided in accordance with Paragraph 8 below, waive all restrictions and conditions of the Restricted Stock shall automatically be waived without any required action by the Company, Committee or the Board with the result that the shares of Restricted Stock shall be fully vested and the restrictions thereon shall have lapsed.
Appears in 1 contract
Samples: Restricted Stock Agreement (Allis Chalmers Energy Inc.)