Common use of Restrictions on Awarded Shares Clause in Contracts

Restrictions on Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 and which are subject to forfeiture in accordance with Section 4 shall be subject to the terms, conditions, provisions, and limitations of this Section 5. (a) Subject to the terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and no longer subject to forfeiture in accordance with Section 4 (the “Restriction Period”), the Employee shall not be permitted to sell, transfer, pledge or assign shares any of the Awarded Shares. (b) Except as provided in paragraph (a) above, the Employee shall have, with respect to his or her Awarded Shares, all of the rights of a shareholder of the Company, including the right to vote the shares, and the right to receive any dividends thereon.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Plains Capital Corp), Restricted Stock Award Agreement (Plains Capital Corp), Restricted Stock Award Agreement (Plains Capital Corp)

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Restrictions on Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 and which are subject to forfeiture in accordance with Section 4 shall be subject to the terms, conditions, provisions, and limitations of this Section 5. (a) Subject to the terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and no longer subject to forfeiture in accordance with Section 4 (the “Restriction Period”), the Employee shall not be permitted to sell, transfer, pledge pledge, or assign shares any of the Awarded Shares. (b) Except as provided in paragraph (a) above, the Employee shall have, with respect to his or her Awarded Shares, all of the rights of a shareholder stockholder of the Company, including the right to vote the shares, and the right to receive any dividends thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Snap Interactive, Inc)

Restrictions on Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 and which are subject to forfeiture in accordance with Section 4 shall be subject to the terms, conditions, provisions, and limitations of this Section 5. (a) Subject to the terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and no longer subject to forfeiture in accordance with Section 4 (the “Restriction Period”), the Employee shall not be permitted to sell, transfer, pledge or assign shares any of the Awarded Shares. (b) Except as provided in paragraph (a) above, the Employee shall have, with respect to his or her Awarded Shares, all of the rights of a shareholder stockholder of the Company, including the right to vote the shares, and the right to receive any dividends thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Snap Interactive, Inc)

Restrictions on Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 and which are subject to forfeiture in accordance with Section 4 shall be subject to the terms, conditions, provisions, and limitations of this Section 5. (a) Subject to the provisions of the Plan and the other terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and no longer subject to forfeiture in accordance with Section 4 (the “Restriction Period”), the Employee Participant shall not be permitted to sell, transfer, pledge or assign shares any of the Awarded Shares. (b) Except as provided in paragraph (a) above, the Employee Participant shall have, with respect to his or her Awarded Shares, all of the rights of a shareholder stockholder of the Company, including the right to vote the shares, and the right to receive any dividends thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Craftmade International Inc)

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Restrictions on Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 and which are subject to forfeiture in accordance with Section 4 shall be subject to the terms, conditions, provisions, and limitations of this Section 5. (a) Subject to the provisions of the Plan and the other terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and no longer subject to forfeiture in accordance with Section 4 (the “Restriction Period”), the Employee Participant shall not be permitted to sell, transfer, pledge or assign shares any of the Awarded Shares. (b) Except as provided in paragraph (a) above, the Employee Participant shall have, with respect to his or her Awarded Shares, all of the rights of a shareholder of the Company, including the right to vote the shares, and the right to receive any dividends thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Summit Bancshares Inc /Tx/)

Restrictions on Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 and which are subject to forfeiture in accordance with Section 4 shall be subject to the terms, conditions, provisions, and limitations of this Section 5. (a) Subject to the terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and are no longer subject to forfeiture in accordance with Section 4 (the “Restriction Period”), the Employee shall not be permitted to sell, transfer, pledge pledge, or assign shares any of the Awarded Shares. (b) Except as provided in paragraph (a) above, the Employee shall have, with respect to his or her Awarded Shares, all of the rights of a shareholder stockholder of the Company, including the right to vote the shares, and the right to receive any dividends thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Snap Interactive, Inc)

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