Stock Holding Period. The Participant agrees to hold all shares of Common Stock acquired upon the exercise of the Option and/or the SAR granted hereunder for a minimum of 12 months following the date of such exercise. This holding period shall not apply to shares sold or tendered by the Participant and/or withheld by the Company to pay the aggregate Exercise Price and/or to settle tax liabilities related to the exercise, and as otherwise may be provided under the Company’s Stock Ownership Policy.
Appears in 12 contracts
Samples: Non Qualified Stock Option and Sar Award Agreement (KEMPER Corp), Non Qualified Stock Option and Sar Award Agreement (KEMPER Corp), Non Qualified Stock Option and Sar Award Agreement (KEMPER Corp)
Stock Holding Period. The Participant agrees to hold all shares of Common Stock acquired upon the exercise of the Option and/or the SAR granted hereunder for a minimum of 12 months following the date date(s) of such exercise. This holding period shall not apply to shares sold or tendered by the Participant and/or withheld by the Company to pay the aggregate Exercise Price and/or to settle tax liabilities related to the 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)
