Common use of Rights During Restriction Period Clause in Contracts

Rights During Restriction Period. During the Restriction Period, the Employee may exercise full voting rights with respect to all Restricted Stock subject to the Award and shall be entitled to receive cash dividends and other distributions paid with respect to the Restricted Stock. If any such dividend or distribution is paid in securities of the Corporation (including additional shares of Common Stock), such securities shall be subject to the same restrictions on transferability, risks of forfeiture, and other restrictions and conditions as the Restricted Stock in respect of which such dividend or distribution was made. If the number of outstanding shares of Common Stock is changed as a result of a stock dividend, stock split or the like, without additional consideration to the Corporation, the Restricted Stock subject to this Award shall be adjusted to correspond to the change in the outstanding shares of the Corporation’s Common Stock. For the avoidance of doubt, upon the expiration of the Restriction Period, the Employee may exercise voting rights and shall be entitled to receive dividends and other distributions with respect to the number of shares to which the Employee is entitled pursuant hereto.

Appears in 3 contracts

Samples: Incentive Plan Restricted Stock Award Agreement Terms and Conditions (Harris Corp /De/), Incentive Plan Restricted Stock Award Agreement Terms and Conditions (Harris Corp /De/), Incentive Plan Restricted Stock Award Agreement Terms and Conditions (Harris Corp /De/)

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Rights During Restriction Period. During the Restriction Period, the Employee participant may exercise full voting rights with respect to all Restricted Stock subject to the Award award and shall be entitled to receive cash dividends and other distributions paid with respect to the Restricted Stock. If any such dividend or distribution is paid in securities of the Corporation Company (including additional shares of Common Stock), such securities shall be subject to the same restrictions on transferability, risks of forfeiture, and other restrictions and conditions as the Restricted Stock in respect of which such dividend or distribution was made. If the number of outstanding shares of Common Stock is changed as a result of a stock dividend, stock split or the like, without additional consideration to the CorporationCompany, the Restricted Stock subject to this Award award shall be adjusted to correspond to the change in the outstanding shares of the CorporationCompany’s Common Stock. For the avoidance of doubt, upon the expiration of the Restriction Period, the Employee participant may exercise voting rights and shall be entitled to receive dividends and other distributions with respect to the number of shares to which the Employee participant is entitled pursuant hereto.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Eplus Inc)

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Rights During Restriction Period. During the Restriction Period, the Employee Non‑Employee Director may exercise full voting rights with respect to all Restricted Stock Shares subject to the Award and shall be entitled to receive cash dividends and other distributions paid with respect to the Restricted StockShares. If any such dividend or other distribution is paid in securities of the Corporation (including additional shares of Common Stock), such securities shall be subject to the same restrictions on transferability, risks of forfeiture, and other restrictions and conditions as the Restricted Stock Shares in respect of which such dividend or other distribution was made. If the number of outstanding shares of Common Stock is changed as a result of a stock dividend, stock split or the like, without additional consideration to the Corporation, the Restricted Stock Shares subject to this the Award shall be adjusted to correspond to the change in the outstanding shares of the Corporation’s Common Stock. For the avoidance of doubt, upon the expiration of the Restriction PeriodPeriod as to vested Restricted Shares, the Non-Employee Director may exercise voting rights and shall be entitled to receive dividends and other distributions with respect to the number of shares vested Restricted Shares to which the Non-Employee Director is entitled pursuant hereto.

Appears in 1 contract

Samples: Restricted Share Award Agreement (Harris Corp /De/)

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