Common use of Restrictions on Sale and Transferability Clause in Contracts

Restrictions on Sale and Transferability. In the event that Shares are vested pursuant to an Award within six months of the grant date, Participant (and Participant’s heirs) hereby agrees that such Shares may not be offered for sale to the public or otherwise disposed of prior to the six-month anniversary of the grant date. Any Shares acquired under the Plan are accepted as a personal investment.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Ralph Lauren Corp), Performance Share Unit Award Agreement (Ralph Lauren Corp), Performance Share Unit Award Agreement (Ralph Lauren Corp)

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Restrictions on Sale and Transferability. In the event that Shares are vested pursuant to an Award within six months of the grant datedate , Participant (and Participant’s heirs) hereby agrees that such Shares may not be offered for sale to the public or otherwise disposed of prior to the six-month anniversary of the grant date. Any Shares acquired under the Plan are accepted as a personal investment.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Ralph Lauren Corp), Restricted Stock Unit Award Agreement (Ralph Lauren Corp)

Restrictions on Sale and Transferability. In the event that Shares are vested pursuant to an Award delivered in settlement of Restricted Stock Units within six (6) months of after the grant dateGrant Date, the Participant (and the Participant’s heirs) hereby agrees that such Shares may not be offered for sale to the public or otherwise disposed of prior to the six-six- month anniversary of the grant dateGrant Date. Any Shares acquired under the Plan are accepted as a personal investment.

Appears in 2 contracts

Samples: 2011 Stock Incentive Plan Restricted Stock Unit Award Agreement (Morningstar, Inc.), 2011 Stock Incentive Plan Restricted Stock Unit Award Agreement (Morningstar, Inc.)

Restrictions on Sale and Transferability. In the event that Shares are vested pursuant to an Award within six months of the grant dateGrant Date, Participant (and Participant’s 's heirs) hereby agrees that such Shares may not be offered for sale to the public or otherwise disposed of prior to the six-month anniversary of the grant dateGrant Date. Any Shares acquired under the Plan are accepted as a personal investment.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Ralph Lauren Corp)

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Restrictions on Sale and Transferability. In the event that Shares are vested pursuant to an Award delivered in settlement of Restricted Stock Units within six (6) months of after the grant dateGrant Date, the Participant (and the Participant’s heirs) hereby agrees that such Shares may not be offered for sale to the public or otherwise disposed of prior to the six-month anniversary of the grant dateGrant Date. Any Shares acquired under the Plan are accepted as a personal investment.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Morningstar, Inc.)

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