Common use of Rights and Restrictions Clause in Contracts

Rights and Restrictions. The Restricted Stock Units shall not be transferable other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Stock Units and delivery of the Shares to the Grantee, the Grantee shall not have any rights and privileges of a shareholder as to the Shares subject to the Award. Specifically, the Grantee shall not, except as set forth in paragraph (f) below, 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 10 contracts

Samples: Restricted Stock Unit Agreement (Xl Group LTD), Restricted Stock Unit Agreement (Xl Group LTD), Restricted Stock Unit Agreement (Xl Group PLC)

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Rights and Restrictions. The Restricted Stock Units shall not be transferable transferable, other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Stock Units and delivery of the Shares to the GranteeShares, the Grantee you shall not have any rights and or privileges of a shareholder as to the Shares subject to the AwardRestricted Stock Units. Specifically, the Grantee you shall not, except as set forth in paragraph (f) below, not have the right to receive dividends or the right to vote such Shares prior to vesting of the Award Restricted Stock Units and delivery of the Shares.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Elan Corp PLC), Restricted Stock Unit Agreement (Elan Corp PLC), Restricted Stock Unit Agreement (Elan Corp PLC)

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Rights and Restrictions. The Restricted Stock Units shall not be transferable other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Stock Units and delivery of the Shares to the Grantee, the Grantee shall not have any rights and privileges of a shareholder as to the Shares subject to the Award. Specifically, the Grantee shall not, except as set forth in paragraph (f) below, 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 1 contract

Samples: Restricted Stock Unit Agreement (Xl Capital LTD)

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