Rights and Restrictions. The Restricted Share Units shall not be transferable, other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Share Units and delivery of the Shares to the Employee following his termination of employment, the Employee shall not have any rights or privileges of a shareholder as to the Shares subject to the Award. Specifically, the Employee shall not have the right to receive dividends or the right to vote such Shares prior to vesting of the Award and delivery of the Shares.
Appears in 19 contracts
Samples: Restricted Share Unit Agreement (Arch Capital Group Ltd.), Restricted Share Unit Agreement (Arch Capital Group Ltd.), Restricted Share Unit Agreement (Arch Capital Group Ltd.)
Rights and Restrictions. The Restricted Share Units shall not be transferable, other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Share Units and delivery of the Shares to the Employee following his termination of employment, the The Employee shall not at any time have any rights or privileges of a shareholder as to the Shares subject to the AwardRestricted Share Units. Specifically, the Employee shall not have the right to receive dividends or the right to vote such Shares prior to vesting of the Award and delivery of the Sharesat any time.
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Trans World Entertainment Corp)
