{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lO43xIQYFXu", "uri": "/contracts/lO43xIQYFXu#restricted-period", "label": "Employment Agreement (Harvest Natural Resources Inc)", "score": 18.0, "published": true}, {"hash": "kTwaigWWz6U", "uri": "/contracts/kTwaigWWz6U#restricted-period", "label": "Employment Agreement (Harvest Natural Resources Inc)", "score": 18.0, "published": true}, {"hash": "joVGiSXCmXl", "uri": "/contracts/joVGiSXCmXl#restricted-period", "label": "Employment Agreement (Harvest Natural Resources, Inc.)", "score": 18.0, "published": true}], "size": 32, "snippet": "The term \"Restricted Period\" shall mean the two-year period which starts on the date Employee's employment terminates with the Company without regard to whether such termination comes before or after the end of the term of this Employment Agreement.", "snippet_links": [{"key": "year-period", "type": "definition", "offset": [48, 59]}, {"key": "employment-terminates", "type": "definition", "offset": [96, 117]}, {"key": "the-company", "type": "clause", "offset": [123, 134]}, {"key": "end-of-the-term-of-this-employment-agreement", "type": "clause", "offset": [204, 248]}], "hash": "10f8abbdaa83daba01f578aaa3597dd1", "id": 3}, {"samples": [{"hash": "2WhB1HlgwzB", "uri": "/contracts/2WhB1HlgwzB#restricted-period", "label": "Restricted Stock Agreement (Calpine Corp)", "score": 22.1704311371, "published": true}, {"hash": "iyDYqCNmsUV", "uri": "/contracts/iyDYqCNmsUV#restricted-period", "label": "Restricted Stock Agreement (Calpine Corp)", "score": 21.9842567444, "published": true}, {"hash": "e9oiDa3ddKK", "uri": "/contracts/e9oiDa3ddKK#restricted-period", "label": "Restricted Stock Agreement (Calpine Corp)", "score": 21.9842567444, "published": true}], "size": 81, "snippet": "(a) For a period of three (3) years commencing on the Grant Date (the \"Restricted Period\"), the Shares shall be subject to the Restrictions and any other restrictions as set forth herein. Except as otherwise provided herein, the Restrictions shall lapse and expire as to the Shares in accordance with the following schedule provided the Employee has been continuously employed by the Company from the Grant Date through the lapse date: Lapse Date Cumulative Percentage of TotalNumber of Shares as toWhich Forfeiture Restrictions Lapse First Anniversary of the Grant Date 33-1/3% Second Anniversary of the Grant Date 66-2/3% Third Anniversary of the Grant Date 100% Continuous employment includes any paid leave of absence and any unpaid leave of absence up to 30 days, but does not include any unpaid leave of absence after 30 days. The Shares which are subject to the Restrictions shall hereinafter be referred to as \"Restricted Shares.\" The Shares which are no longer subject to the Restrictions as set forth above and in paragraphs (f), (g) and (h) below shall hereinafter be referred to as \"Transferable Shares.\"\n(b) The Corporation shall effect the issuance of the Shares out of authorized but unissued shares of Common Stock or out of treasury shares of Common Stock. The Employee\u2019s ownership of the Restricted Shares shall be evidenced solely by a computerized book entry in the records of the Corporation\u2019s stock transfer agent for the benefit of the Employee until such Restricted Shares become Transferable Shares as set forth in paragraph (a) above or paragraphs (f), (g) and (h) below. The Corporation shall place appropriate stop transfer instructions with respect to the Restricted Shares with the transfer agent for the Common Stock consistent with the Restrictions. Upon Restricted Shares becoming Transferable Shares, the Corporation shall effect the issuance and delivery of a certificate or certificates for such Transferable Shares to the Employee free of any legend reflecting the Restrictions, provided that the issuance and delivery of such Transferable Shares may be effected on a noncertificated basis, to the extent not prohibited by any applicable law or the rules of any stock exchange.\n(c) The Employee shall, during the Restricted Period, have all of the other rights of a stockholder with respect to the Shares including, but not limited to, the right to receive dividends, if any, as may be declared on such Restricted Shares from time to time, and the right to vote (in person or by proxy) such Restricted Shares at any meeting of stockholders of the Corporation. Any shares of Common Stock received as a dividend on or in connection with a stock split of the Shares shall be subject to the same restrictions as the Shares underlying such shares of Common Stock received on account of such stock dividend or split.\n(d) The Restricted Shares and the right to vote the Restricted Shares and to receive dividends thereon, may not be sold, assigned, transferred, exchanged, pledged, hypothecated, or otherwise encumbered and no such sale, assignment, transfer, exchange, pledge, hypothecation, or encumbrance, whether made or created by voluntary act of Employee or any agent of Employee or by operation of law, shall be recognized by, or be binding upon, or shall in any manner affect the rights of, the Corporation or any agent or any custodian holding certificates for the Restricted Shares during the Restricted Period, unless the Restrictions have then expired pursuant to the provisions of paragraph (a) above or paragraphs (f), (g) and (h) below. This provision shall not prohibit Employee from granting revocable proxies in customary form to vote the Shares.\n(e) Except as otherwise provided pursuant to this Agreement or the Plan, if the status of employment (hereinafter referred to as \"employment\") of Employee with the Corporation or its Affiliates shall terminate (including by reason of such an Affiliate ceasing to be an Affiliate of the Corporation), prior to the expiration of the Restricted Period for any reason, then, in that event, any Restricted Shares outstanding shall thereupon be forfeited by Employee to the Corporation, without payment of any consideration or further consideration by the Corporation, and neither the Employee nor any successors, heirs, assigns or legal representatives of Employee shall thereafter have any further rights or interest in the Restricted Shares, and Employee's name shall thereupon be deleted from the list of the Corporation's stockholders with respect to the Restricted Shares.\n(f) In the event the Employee's employment with the Corporation is terminated by reason of the death of the Employee at any time during the Restricted Period, all Restrictions imposed on the Restricted Shares in accordance with the terms of the Plan and this Agreement shall lapse and the Restricted Shares shall thereby be Transferable Shares.\n(g) In the event the Employee is, or becomes, eligible to Retire, all Restrictions imposed on the Restricted Shares in accordance with the terms of the Plan and this Agreement shall lapse, and the Restricted Shares shall thereby be Transferable Shares, on the later to occur of: (i) the date the Employee initially becomes eligible to Retire and (ii) the one-year anniversary of the Grant Date.\n(h) Upon the occurrence of a Change in Control (as defined in the Plan), any Restrictions on the Restricted Shares set forth in this Agreement shall be deemed to have expired, and the Restricted Shares shall thereby be Transferable Shares.\n(i) If the employment of Employee with the Corporation shall terminate prior to the expiration of the Restricted Period, and there exists a dispute between Employee and the Corporation as to the satisfaction of the conditions to the release of the Shares from the Restrictions hereunder or the terms and conditions of the Grant, the Shares shall remain subject to the Restrictions until the resolution of such dispute, regardless of any intervening expiration of the Restricted Period, except that any dividends that may be payable to the holders of record of Common Stock as of a date during the period from termination of Employee's employment to the resolution of such dispute shall:\n(i) to the extent to which such dividends would have been payable to Employee on the Shares, be held by the Corporation as part of its general funds (unless such action would detrimentally affect Employee under Section 409A of the Code) and shall be paid to or for the account of Employee only upon, and in the event of, a resolution of such dispute in a manner favorable to Employee, and\n(ii) be canceled upon, and in the event of, a resolution of such dispute in a manner unfavorable to Employee.", "snippet_links": [{"key": "period-of", "type": "definition", "offset": [10, 19]}, {"key": "commencing-on-the", "type": "clause", "offset": [36, 53]}, {"key": "grant-date", "type": "definition", "offset": [54, 64]}, {"key": "the-restrictions", "type": "clause", "offset": [123, 139]}, {"key": "other-restrictions", "type": "definition", "offset": [148, 166]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [188, 216]}, {"key": "in-accordance-with", "type": "definition", "offset": [282, 300]}, {"key": "employee-has", "type": "clause", "offset": [337, 349]}, {"key": "employed-by-the-company", "type": "definition", "offset": [368, 391]}, {"key": "lapse-date", "type": "clause", "offset": [424, 434]}, {"key": "cumulative-percentage", "type": "definition", "offset": [447, 468]}, {"key": "forfeiture-restrictions", 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"type": "clause", "offset": [250, 264]}, {"key": "the-restricted-period", "type": "clause", "offset": [266, 287]}, {"key": "the-non", "type": "clause", "offset": [299, 306]}, {"key": "severance-period", "type": "definition", "offset": [311, 327]}], "hash": "9604a4da923cff2ece78f8dc87c292b2", "id": 9}, {"samples": [{"hash": "9yUuakkT4wb", "uri": "/contracts/9yUuakkT4wb#restricted-period", "label": "Restricted Stock Unit Award Agreement (Abercrombie & Fitch Co /De/)", "score": 34.244354248, "published": true}, {"hash": "1bFzd5XIO0b", "uri": "/contracts/1bFzd5XIO0b#restricted-period", "label": "Restricted Stock Unit Award Agreement (Abercrombie & Fitch Co /De/)", "score": 25.680355072, "published": true}], "size": 29, "snippet": "Except as provided under Sections 3 and 4 of this AGREEMENT, the period of restriction (the \u201cRESTRICTED PERIOD\u201d), after which the RESTRICTED STOCK UNITS shall become vested and no longer be subject to forfeiture to the COMPANY shall lapse according to the following schedule:\n(i) the RESTRICTED PERIOD shall lapse as to 25% of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the first anniversary of the date which is approved by the COMMITTEE and then recorded and communicated through the System of Record and which shall not be earlier than the GRANT DATE (hereinafter referred to as the \u201cVESTING DATE\u201d), provided PARTICIPANT is employed by the COMPANY or a subsidiary or affiliate of the COMPANY on such date;\n(ii) the RESTRICTED PERIOD shall lapse as to 25% of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the second anniversary of the VESTING DATE, provided PARTICIPANT is employed by the COMPANY or a subsidiary or affiliate of the COMPANY on such date;\n(iii) the RESTRICTED PERIOD shall lapse as to 25% of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the third anniversary of the VESTING DATE, provided PARTICIPANT is employed by the COMPANY or a subsidiary or affiliate of the COMPANY on such date; and\n(iv) the RESTRICTED PERIOD shall lapse as to 25% of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the fourth anniversary of the VESTING DATE, provided PARTICIPANT is employed by the COMPANY or a subsidiary or affiliate of the COMPANY on such date.", "snippet_links": [{"key": "sections-3", "type": "clause", "offset": [25, 35]}, {"key": "this-agreement", "type": "clause", "offset": [45, 59]}, {"key": "period-of-restriction", "type": "definition", "offset": [65, 86]}, {"key": "restricted-stock-units", "type": "clause", "offset": [130, 152]}, {"key": "subject-to", "type": "definition", "offset": [190, 200]}, 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{"key": "fourth-anniversary", "type": "definition", "offset": [1726, 1744]}], "hash": "320f4da290df7aa9ae70dd261a382a43", "id": 7}, {"samples": [{"hash": "c2uJ0iBI7pB", "uri": "/contracts/c2uJ0iBI7pB#restricted-period", "label": "Employment Agreement (Post Apartment Homes Lp)", "score": 25.3477077484, "published": true}, {"hash": "jTxytsLbRqS", "uri": "/contracts/jTxytsLbRqS#restricted-period", "label": "Employment Agreement (Post Apartment Homes Lp)", "score": 22.3524990082, "published": true}, {"hash": "eJ8QzTv3zfw", "uri": "/contracts/eJ8QzTv3zfw#restricted-period", "label": "Employment Agreement (Post Apartment Homes Lp)", "score": 22.3524990082, "published": true}], "size": 27, "snippet": "The term \u201cRestricted Period\u201d for purposes of this Agreement shall mean the period which starts on the date Executive\u2019s employment by the Post Group terminates for any reason or no reason and which ends (i) on the first anniversary of such termination date for purposes of \u00a7 9 and \u00a7 10 and (ii) on the second anniversary of such termination date for purposes of \u00a7 7 and \u00a7 8.", "snippet_links": [{"key": "the-term", "type": "clause", "offset": [0, 8]}, {"key": "for-purposes-of-this-agreement", "type": "clause", "offset": [29, 59]}, {"key": "the-period", "type": "clause", "offset": [71, 81]}, {"key": "post-group", "type": "definition", "offset": [137, 147]}, {"key": "for-any-reason", "type": "clause", "offset": [159, 173]}, {"key": "no-reason", "type": "clause", "offset": [177, 186]}, {"key": "first-anniversary", "type": "definition", "offset": [213, 230]}, {"key": "termination-date", "type": "clause", "offset": [239, 255]}, {"key": "second-anniversary", "type": "clause", "offset": [301, 319]}], "hash": "fc5e87aff92fefd096d84d7d749d21c6", "id": 8}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpyZXN0cmljdGVkLXBlcmlvZCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["definitions", "Definitions"], ["restrictive-covenants", "Restrictive Covenants"], ["registration-of-transfer-and-exchange-of-certificates", "Registration of Transfer and Exchange of Certificates"], ["secure-data-room", "Secure Data Room"], ["resignation-upon-prohibited-risk-retention-affiliation", "Resignation Upon Prohibited Risk Retention Affiliation"]], "size": 2519, "children": [["change-in-control", "Change in Control"], ["restricted-period", "Restricted Period"], ["generally", "Generally"], ["committee-discretion", "Committee Discretion"], ["death-or-disability", "Death or Disability"]], "title": "Restricted Period", "id": "restricted-period", "related": [["restriction-period", "Restriction Period", "Restriction Period"], ["restricted-period-vesting", "Restricted Period; Vesting", "<strong>Restricted Period</strong>; Vesting"], ["restrictive-period", "Restrictive Period", "Restrictive Period"], ["protected-period", "Protected Period", "Protected Period"], ["extension-of-restricted-period", "Extension of Restricted Period", "Extension of <strong>Restricted Period</strong>"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": [], "drafting_tip": "Specify the exact duration, clarify start and end triggers, and use unambiguous language to prevent disputes and ensure enforceability.", "explanation": "The \"Restricted Period\" clause defines a specific timeframe during which certain actions, such as competition, solicitation, or disclosure of confidential information, are prohibited for one or more parties. Typically, this period begins upon the termination of an agreement or employment and lasts for a set duration, such as six months or one year. By clearly establishing when restrictions apply, the clause helps protect a party\u2019s business interests and ensures that sensitive information or relationships are not exploited immediately after the contractual relationship ends."}, "json": true, "cursor": ""}}