Common use of Shareholder Approval Condition Clause in Contracts

Shareholder Approval Condition. Notwithstanding anything to the contrary contained herein or in the Plan and pursuant to Section 20 of the Plan, this Award Agreement is expressly conditioned on the Plan being approved by the shareholders of the Company. Accordingly, no Shares shall be delivered hereunder until such approval has been obtained, and this Award Agreement shall become null, void, and of no force or effect if such approval is not received within the period set forth in Section 20 of the Plan.

Appears in 3 contracts

Samples: Restricted Shares Award Agreement (Ddi Corp), Restricted Shares Award Agreement (Glacier Bancorp Inc), Restricted Shares Award Agreement (Glacier Bancorp Inc)

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Shareholder Approval Condition. Notwithstanding anything to the contrary contained herein or in the Plan and pursuant to Section 20 17 of the Plan, this Award Agreement is expressly conditioned on the Plan being approved by the shareholders of the Company. Accordingly, no Shares shall be delivered hereunder until such approval has been obtained, and this Award Agreement shall become null, void, and of no force or effect if such approval is not received within the period set forth in Section 20 17 of the Plan.

Appears in 2 contracts

Samples: Restricted Shares Award Agreement (Exide Technologies), Restricted Shares Award Agreement (Exide Technologies)

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