Common use of Restrictions on Settlement Clause in Contracts

Restrictions on Settlement. Payment with respect to any vested RSUs may only be made based on the date on which the Company repays the percentage of aggregate TARP financial assistance received, as set forth below: Percentage of TARP Financial Assistance Repaid Percentage of RSUs Becoming Payable 25% 25% 50% 50% 75% 75% 100% 100%

Appears in 3 contracts

Samples: 2010 Equity Incentive Plan (First Defiance Financial Corp), Equity Incentive Plan (First Defiance Financial Corp), Equity Incentive Plan (First Defiance Financial Corp)

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Restrictions on Settlement. Payment with respect to any vested RSUs may only be made based on the date on which the Company repays the percentage of aggregate TARP financial assistance received, as set forth below: Percentage of TARP Financial Assistance Repaid Percentage of RSUs Becoming Payable 2525 % 2525 % 5050 % 5050 % 7575 % 7575 % 100100 % 100100 %

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp)

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Restrictions on Settlement. Payment with respect to any vested RSUs may only be made based on the date on which the Company repays the percentage of aggregate TARP financial assistance received, as set forth below: Percentage of TARP Financial Assistance Repaid Percentage of RSUs Becoming Payable 25% 2525 % 50% 5050 % 75% 7575 % 100% 100100 %

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp)

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