Common use of Restrictions on New Shares Clause in Contracts

Restrictions on New Shares. Should the Holder receive any new, additional or different shares or securities by reason of any transaction or event described in Section 3.5(b), such new, additional or different shares or securities that are attributable to the Holder in his or her capacity as the registered owner of the Restricted Stock then subject to Restrictions, shall be considered Restricted Stock and shall be subject to all of the Restrictions, unless (a) the Committee provides, pursuant to Section 3.4, for the removal or lapse of the Restrictions on the shares of Restricted Stock underlying the distribution of the new, additional or different shares or securities, or (b) the Restrictions automatically lapse pursuant to Section 3.6(a).

Appears in 4 contracts

Samples: Restricted Stock Agreement (Golden Telecom Inc), Restricted Stock Agreement (Golden Telecom Inc), Restricted Stock Agreement (Golden Telecom Inc)

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Restrictions on New Shares. Should In the Holder receive event that the Employee receives any new, new or additional or different shares or securities by reason of any transaction or event described in Section 3.5(b)subsection 3.4, such new, new or additional or different shares or securities that which are attributable to the Holder Employee in his or her capacity as the registered owner of the Restricted Stock then subject to Restrictions, shall be considered to be Restricted Stock and shall be subject to all of the Restrictions, unless (a) the Committee provides, pursuant to Section 3.4, for the removal or lapse of the Restrictions on the shares of Restricted Stock underlying the distribution of the new, new or additional or different shares or securities, or (b) unless the Restrictions automatically lapse pursuant to Section 3.6(a)3.5.

Appears in 1 contract

Samples: Restricted Stock Agreement (Assisted Living Concepts Inc)

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