Stock Holding Period. The Award Holder agrees to hold all shares of Common Stock acquired upon the exercise of 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 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 4 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)
