Common use of Restrictions on Sale of Securities Clause in Contracts

Restrictions on Sale of Securities. The shares you receive as payment for vested Restricted Stock Units are expected to be registered under the U.S. federal securities laws and be transferable by you free of any restriction under the Plan. However, your subsequent sale of the shares will be subject to any market blackout-period that may be imposed by LSI and must comply with LSI’s Stock Trading Policy and any applicable securities laws.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Lsi Corp), Restricted Stock Unit Agreement (Lsi Corp), Restricted Stock Unit Agreement (Lsi Corp)

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Restrictions on Sale of Securities. The shares you receive as payment for vested Restricted Stock Units are expected to be registered under the U.S. federal securities laws and be transferable by you free of any restriction under the Plan. However, your subsequent sale of the shares may be subject to Rule 144 under the 1934 Act, and will be subject to any market blackout-period that may be imposed by LSI and must comply with LSI’s Stock Trading Policy and any applicable securities laws.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Lsi Corp), Restricted Stock Unit Agreement (Lsi Corp)

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