Common use of Restrictions on Issuance of Shares of Common Stock Clause in Contracts

Restrictions on Issuance of Shares of Common Stock. If at any time the Committee shall determine in its discretion, that registration, listing or qualification of the shares of Common Stock covered by the RS Units upon any securities exchange or under any foreign, federal, or local law or practice, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition to the settlement of the RS Units, the RS Units may not be settled in whole or in part unless and until such registration, listing, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Sally Beauty Holdings, Inc.), Restricted Stock Unit Award Agreement (Sally Beauty Holdings, Inc.), Restricted Stock Unit Award Agreement (Sally Beauty Holdings, Inc.)

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Restrictions on Issuance of Shares of Common Stock. If at any time the Committee shall determine in its discretion, that registration, listing or qualification of the shares of Common Stock covered by the RS Units RSUs upon any securities exchange or under any foreign, federal, or local law or practice, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition to the settlement of the RS UnitsRSUs, the RS Units RSUs may not be settled in whole or in part unless and until such registration, listing, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Sally Beauty Holdings, Inc.)

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