Common use of Restricted Periods Clause in Contracts

Restricted Periods. The restricted periods will commence when the units are credited to Grantee and, unless the units have been forfeited earlier under section 6, will expire as follows, whether or not Grantee is still an employee:

Appears in 11 contracts

Samples: Exxon Mobil Corp, Exxon Mobil Corp, Exxon Mobil Corp

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Restricted Periods. The restricted periods will commence when the units are credited to Grantee and, unless the units have been forfeited earlier under section 6, will expire as follows, whether or not Grantee is still an employee:, (a) with respect to 50% of the units on November 23, 2026, and, (b) with respect to the remaining units on November 23, 2031, except that (c) the restricted periods will automatically expire with respect to all units on the death of Grantee.

Appears in 1 contract

Samples: Exxon Mobil Corp

Restricted Periods. The restricted periods will commence when the units are credited to Grantee and, unless the units have been forfeited earlier under section 6, will expire as follows, whether or not Grantee is still an employee:, (a) with respect to 50% of the units on November 29, 2028, and, (b) with respect to the remaining units on November 29, 2033, except that (c) the restricted periods will automatically expire with respect to all units on the death of Grantee.

Appears in 1 contract

Samples: Exxon Mobil Corp

Restricted Periods. The restricted periods will commence when the units are credited to Grantee and, unless the units have been forfeited earlier under section paragraph 6, will expire as follows, whether or not Grantee is still an employee:

Appears in 1 contract

Samples: Exxon Mobil Corp

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Restricted Periods. The restricted periods will commence when the units are credited to Grantee and, unless the units have been forfeited earlier under section 6, will expire as follows, whether or not Grantee is still an employee:, (a) with respect to 50% of the units on November 30, 2027, and, (b) with respect to the remaining units on November 30, 2032, except that (c) the restricted periods will automatically expire with respect to all units on the death of Grantee.

Appears in 1 contract

Samples: Exxon Mobil Corp

Restricted Periods. The restricted periods will commence when the units are credited to Grantee and, unless the units have been forfeited earlier under section 6, will expire as follows, whether or not Grantee is still an employee:, (a) with respect to 50% of the units on November 24, 2025 and, (b) with respect to the remaining units on November 24, 2030, except that (c) the restricted periods will automatically expire with respect to all units on the death of Grantee.

Appears in 1 contract

Samples: Exxon Mobil Corp

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