Common use of Stock Holding Period Clause in Contracts

Stock Holding Period. The Option Holder agrees to hold all shares of Common Stock acquired upon the exercise of Options (including Restorative Options) granted hereunder for a minimum of twelve months following the date of such exercise. This holding period shall not apply to shares sold or tendered by the Option Holder and/or withheld by the Company to pay the Option exercise price and/or to settle tax liabilities related to the Option exercise.

Appears in 4 contracts

Samples: Non Qualified Stock Option and Sar Agreement (Unitrin Inc), Non Qualified Stock Option and Sar Agreement (Unitrin Inc), Non Qualified Stock Option and Sar Agreement (Unitrin Inc)

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Stock Holding Period. The Option Award Holder agrees to hold all shares of Common Stock acquired upon the exercise of Options (including Restorative Options) granted hereunder for a minimum of twelve months following the date of such exercise. This holding period shall not apply to shares sold or tendered by the Option Award Holder and/or withheld by the Company to pay the Option exercise price and/or to settle tax liabilities related to the Option exercise, and as otherwise may be provided under the Company’s Stock Ownership Policy.

Appears in 3 contracts

Samples: Non Qualified Stock Option and Sar Agreement (KEMPER Corp), Non Qualified Stock Option and Sar Agreement (KEMPER Corp), Non Qualified Stock Option and Sar Agreement (KEMPER Corp)

Stock Holding Period. The Option Holder agrees to hold all shares of Common Stock acquired upon the exercise of Options (including Restorative Options) granted hereunder for a minimum of twelve months following the date of such exercise. This holding period shall not apply to shares sold or tendered by the Option Holder and/or withheld by the Company to pay the Option exercise price and/or to settle tax liabilities related to the Option exercise.

Appears in 3 contracts

Samples: Non Qualified Stock Option and Sar Agreement (KEMPER Corp), Non Qualified Stock Option and Sar Agreement (Unitrin Inc), Non Qualified Stock Option and Sar Agreement (Unitrin Inc)

Stock Holding Period. The Option Holder Xxxxxx agrees to hold all shares of Common Stock acquired upon the exercise of Options (including Restorative Options) granted hereunder for a minimum of twelve months following the date of such exercise. This holding period shall not apply to shares sold or tendered by the Option Holder and/or withheld by the Company to pay the Option exercise price and/or to settle tax liabilities related to the Option exercise, and as otherwise may be provided under the Company’s Stock Ownership Policy.

Appears in 1 contract

Samples: Non Qualified Stock Option and Sar Agreement (KEMPER Corp)

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Stock Holding Period. The Option Holder agrees to hold all shares of Common Stock acquired upon the exercise of Options (including Restorative Options) granted hereunder for a minimum of twelve months following the date of such exercise. This holding period shall not apply to shares sold or tendered by the Option Holder and/or withheld by the Company to pay the Option exercise price and/or to settle tax liabilities related to the Option exercise, and as otherwise may be provided under the Company’s Stock Ownership Policy.

Appears in 1 contract

Samples: Non Qualified Stock Option and Sar Agreement (KEMPER Corp)

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