Restricted (Vesting) Period. The transfer of shares of Restricted Stock shall be restricted until the date on which such shares vest, which shall occur as to 25% of the shares on each anniversary of the Date of Grant (the “Restricted Period”), but only if the Grantee remains continuously employed by the Corporation or a subsidiary of the Corporation through such vesting date.
Appears in 3 contracts
Samples: Restricted Stock Agreement (National Penn Bancshares Inc), Restricted Stock Agreement (National Penn Bancshares Inc), Restricted Stock Agreement (National Penn Bancshares Inc)
Restricted (Vesting) Period. The transfer of shares of Restricted Stock shall be restricted until the date on which such shares vest, which shall occur as to 2520% of the shares on each anniversary of the Date of Grant (the “Restricted Period”), but only if the Grantee remains continuously employed by the Corporation or a subsidiary of the Corporation through such vesting date.
Appears in 1 contract
Samples: Restricted Stock Agreement (National Penn Bancshares Inc)
