Restrictions and Vesting. (a) Except as provided in this Agreement, shares of Restricted Stock are not transferable and are subject to a substantial risk of forfeiture until vested as set forth in Section 2(b). The Grantee’s interest in the Restricted Stock shall become transferable and nonforfeitable as of the vesting dates provided in Section 2(b) (each, a “Vesting Date”), provided the Grantee is a member of the Board on the Vesting Date and has been a member throughout the period beginning on the date of this Agreement and ending on the applicable Vesting Date. If the Grantee’s membership on the Board is terminated for any reason, any unvested shares of Restricted Stock shall be forfeited by the Grantee without consideration.
Restrictions and Vesting. Employee hereby accepts the Award of the Restricted Stock Units and agrees with respect thereto as follows:
Restrictions and Vesting a) Subject to the terms of the Plan, and until the passage of the time periods specified in Paragraphs 4(b) and 4(c) below, the Recipient shall not be allowed at any time to sell, transfer, convey, exchange, give, assign, pledge, encumber, or otherwise dispose of (“Transfer”) all or a portion of any interest in the Restricted Stock or the Vested Shares (as hereinafter defined). Any attempted Transfer shall be void and shall not transfer ownership in, title to, or any rights respecting the Restricted Stock or the Vested Shares, as applicable.
Restrictions and Vesting. (a) Until the passage of the time periods or the occurrence of the events specified in Paragraph 4(b) below, the Recipient shall not sell, transfer, convey, pledge, encumber, or otherwise dispose of all or a portion of any interest in the Stock.
Restrictions and Vesting. (a) Subject to the terms set forth in this Agreement, provided that the RSA Holder is still a full-time employee of the Company at that time, the Payout Percentage of the number of Restricted Shares will vest on the last day of the Company’s 2013 fiscal year (the “Vesting Date”). The Payout Percentage shall be the sum of the EBIT Percentage and the Net Income Percentage.
Restrictions and Vesting. (a) Subject to the terms set forth in this Agreement, provided that the RSA Holder is still a full-time employee of the Company at that time, the Restricted Shares will vest on the following dates (each, a “Vesting Date”) as follows:
Restrictions and Vesting. (a) Subject to the terms set forth in this Agreement, provided that the RSA Holder is still a full-time employee of the Company at that time, the Restricted Shares will vest on the following dates (each, a “Vesting Date”) as follows: [vesting schedule]
Restrictions and Vesting. The Restricted Shares will be restricted from sale, pledge (as loan collateral or otherwise), encumbrance (by operation of law or otherwise), or transfer in any manner, with such restrictions lapsing (i.e. vesting) on the earlier of (i) ; (ii) the occurrence of a Change in Control Transaction as defined in Section 2. of the Plan; or (iii) the date set forth above. Any attempt to transfer or encumber the Restricted Shares prior to such time shall be null and void and shall void this Agreement.
Restrictions and Vesting. Unless sooner forfeited in accordance with Section 4 hereof, shares of the Restricted Stock shall vest ninety percent on the first anniversary of the Effective Date, five percent on the second anniversary of the Effective Date and five percent on the third anniversary of the Effective Date.
Restrictions and Vesting. (a) Until the passage of the time periods or the occurrence of the events specified in Paragraph 5(b) below, the Restricted Stock shall be subject to the following restrictions:
