Common use of Restrictions on Transfer; Vesting Clause in Contracts

Restrictions on Transfer; Vesting. When vested, each RSU will entitle the Grantee to receive one share of Common Stock. The RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated by the Grantee, except upon the death of the Grantee, by will or by the laws of descent and distribution. Except as otherwise provided in Section 3 or Section 8 of this Agreement, provided that the Grantee is serving as a director, officer, employee or consultant of the Company or any Subsidiary or Affiliate as of the date of vesting, the RSUs shall become vested in accordance with the following schedule:

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Banc of California, Inc.), Restricted Stock Unit Agreement (Banc of California, Inc.), Restricted Stock Unit Agreement (Banc of California, Inc.)

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Restrictions on Transfer; Vesting. When vested, each RSU will entitle the Grantee to receive one share of Common Stock. The RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated by the Grantee, except upon the death of the Grantee, by will or by the laws of descent and distribution. Except as otherwise provided in Section 3 or Section 8 of this Agreement, provided that the Grantee is serving as a director, officer, employee or consultant of the Company or any Subsidiary or Affiliate as of the date of vesting, the RSUs shall become vested in accordance with the following schedule:

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Banc of California, Inc.), Restricted Stock Unit Agreement (Banc of California, Inc.)

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Restrictions on Transfer; Vesting. When vested, each RSU will entitle the Grantee to receive one share of Common Stock. The RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated by the Grantee, except upon the death of the Grantee, by will or by the laws of descent and distribution. Except as otherwise provided in Section 3 or Section 8 of this AgreementAgreement or Exhibit A hereto, provided that the Grantee is serving as a director, officer, employee or consultant of the Company or any Subsidiary or Affiliate as of the date of vesting, the RSUs shall become vested in accordance with the following schedule:vesting schedule set forth in Exhibit A hereto.

Appears in 1 contract

Samples: Restricted Stock Unit Master Agreement (Banc of California, Inc.)

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