Common use of Terms and Conditions of Restricted Shares Clause in Contracts

Terms and Conditions of Restricted Shares. The Restricted Shares granted under this Agreement shall be subject to the following additional terms and conditions: (a) Except as may otherwise be specifically permitted under the Plan, Restricted Shares may not be sold, assigned, pledged or otherwise encumbered prior to the end of the Restricted Period. (b) Except as otherwise provided in this Agreement, the Employee shall have all of the rights of a stockholder, including, but not limited to, the right to vote such shares and the right to receive dividends paid on such shares. (c) The stock certificate(s) representing the Restricted Shares shall be issued or held in book entry form. If a stock certificate is issued, it shall be delivered to the Secretary of the Company or such other custodian as may be designated by the Company, to be held until the end of the Restricted Period or until the Restricted Shares are forfeited. Any certificates representing Restricted Shares granted pursuant to this Agreement shall bear a legend in substantially the form set forth below: "The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) contained in the Xxxxxxx Company 2003 Long-Term Incentive Plan and an agreement entered into between the registered owner and Xxxxxxx Company. A copy of such plan and agreement is on file in the office of the Secretary of Xxxxxxx Company, 000 Xxxxxxx, Xxxxxxx, Xxxxxxxx 00000." As soon as practicable after the Restricted Period ends with respect to Restricted Shares that have not been forfeited, the Company shall transfer share certificates to the Employee, free of all restrictions; provided, however, the Company may withhold unrestricted shares otherwise transferable to the Employee to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Shares, in accordance with Section 4.6. SECTION 3 RESTRICTED STOCK UNITS - PERFORMANCE-BASED VESTING

Terms and Conditions of Restricted Shares. The Restricted Shares granted under this Agreement shall be subject to the following additional terms and conditions: (a) Except as may otherwise be specifically permitted under the Plan, Restricted Shares may not be sold, assigned, pledged or otherwise encumbered prior to the end of the Restricted Period. (b) Except as otherwise provided in this Agreement, the Employee shall have all of the rights of a stockholder, including, but not limited to, the right to vote such shares and the right to receive dividends paid on such shares. (c) The stock certificate(s) representing the Restricted Shares shall be issued or held in book entry form. If a stock certificate is issued, it shall be delivered to the Secretary of the Company or such other custodian as may be designated by the Company, to be held until the end of the Restricted Period or until the Restricted Shares are forfeited. Any certificates representing Restricted Shares granted pursuant to this Agreement shall bear a legend in substantially the form set forth below: "The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) contained in the Xxxxxxx Company 2003 Long-Term Incentive Plan and an agreement entered into between the registered owner and Xxxxxxx Company. A copy of such plan and agreement is on file in the office of the Secretary of Xxxxxxx Perrigo Company, 000 Xxxxxxx, Xxxxxxx, Xxxxxxxx 00000." As soon as practicable after the Restricted Period ends with respect to Restricted Shares that have not been forfeited, the Company shall transfer share certificates to the Employee, free of all restrictions; provided, however, the Company may withhold unrestricted shares otherwise transferable to the Employee to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Shares, in accordance with Section 4.62.5. SECTION 3 RESTRICTED STOCK UNITS - PERFORMANCE-BASED VESTING2 GENERAL TERMS AND CONDITIONS

Terms and Conditions of Restricted Shares. The Restricted Shares granted under this Agreement shall be subject to the following additional terms and conditions: (a) Except as may otherwise be specifically permitted under the Plan, Restricted Shares may not be sold, assigned, pledged or otherwise encumbered prior to the end of the Restricted Period. (b) Except as otherwise provided in this Agreement, the Employee you shall have all of the rights of a stockholder, including, but not limited to, the right to vote such shares and the right to receive dividends paid on such shares. (c) The stock certificate(s) representing the Restricted Shares shall be issued or held in book entry form. If a stock certificate is issued, it shall be delivered to the Secretary of the Company or such other custodian as may be designated by the Company, to be held until the end of the Restricted Period or until the Restricted Shares are forfeited. Any certificates representing Restricted Shares granted pursuant to this Agreement shall bear a legend in substantially the form set forth below: "The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) contained in the Xxxxxxx Company 2003 Long-Term Incentive Plan and an agreement entered into between the registered owner and Xxxxxxx Company. A copy of such plan and agreement is on file in the office of the Secretary of Xxxxxxx Perrigo Company, 000 Xxxxxxx, Xxxxxxx, Xxxxxxxx 00000." As soon as practicable after the Restricted Period ends with respect to Restricted Shares that have not been forfeited, the Company shall transfer share certificates to the Employeeyou, free of all restrictions; provided, however, the Company may withhold unrestricted shares otherwise transferable to the Employee you to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Shares, in accordance with Section 4.63.6. SECTION 3 RESTRICTED STOCK UNITS - PERFORMANCE-BASED VESTING

Terms and Conditions of Restricted Shares. The Restricted Shares granted under this Agreement shall be subject to the following additional terms and conditions: (a) Except as may otherwise be specifically permitted under the Plan, Restricted Shares may not be sold, assigned, pledged or otherwise encumbered prior to the end of the Restricted Period. (b) Except as otherwise provided in this Agreement, the Employee you shall have all of the rights of a stockholder, including, but not limited to, the right to vote such shares and the right to receive dividends paid on such shares. (c) The stock certificate(s) representing the Restricted Shares shall be issued or held in book entry form. If a stock certificate is issued, it shall be delivered to the Secretary of the Company or such other custodian as may be designated by the Company, to be held until the end of the Restricted Period or until the Restricted Shares are forfeited. Any certificates representing Restricted Shares granted pursuant to this Agreement shall bear a legend in substantially the form set forth below: "“The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) contained in the Xxxxxxx Company 2003 2013 Long-Term Incentive Plan and an agreement entered into between the registered owner and Xxxxxxx Company. A copy of such plan and agreement is on file in the office of the Secretary of Xxxxxxx Company, 000 Xxxxxxx, Xxxxxxx, Xxxxxxxx 00000." ” As soon as practicable after the Restricted Period ends with respect to Restricted Shares that have not been forfeited, the Company shall transfer share certificates to the Employeeyou, free of all restrictions; provided, however, the Company may withhold unrestricted shares otherwise transferable to the Employee you to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Shares, in accordance with Section 4.62.5. SECTION 3 RESTRICTED STOCK UNITS - PERFORMANCE-BASED VESTING

Terms and Conditions of Restricted Shares. The Restricted Shares granted under this Agreement shall be subject to the following additional terms and conditions: (a) Except as may otherwise be specifically permitted under the Plan, Restricted Shares may not be sold, assigned, pledged or otherwise encumbered prior to the end of the Restricted Period. (b) Except as otherwise provided in this Agreement, the Employee shall have all of the rights of a stockholder, including, but not limited to, the right to vote such shares and the right to receive dividends paid on such shares. (c) The stock certificate(s) representing the Restricted Shares shall be issued or held in book entry form. If a stock certificate is issued, it shall be delivered to the Secretary of the Company or such other custodian as may be designated by the Company, to be held until the end of the Restricted Period or until the Restricted Shares are forfeited. Any certificates representing Restricted Shares granted pursuant to this Agreement shall bear a legend in substantially the form set forth below: "The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) contained in the Xxxxxxx Perrigo Company 2003 Long-Term Incentive Plan and an agreement agrxxxxxx entered into between the registered owner and Xxxxxxx Perrigo Company. A copy of such plan and agreement is on file in xxxx xn the office of the Secretary of Xxxxxxx Perrigo Company, 000 Xxxxxxx515 Eastern, XxxxxxxAllegan, Xxxxxxxx 00000Michigan 49010." As soon Xx xxxn as practicable after the Restricted Period ends with respect xxx Xxxxxxxxxx Xxxxxx xxxx xxxx xxxpect to Restricted Shares that have not been forfeited, the Company shall transfer share certificates to the Employee, free of all restrictions; provided, however, the Company may withhold unrestricted shares otherwise transferable to the Employee to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Shares, in accordance with Section 4.6. . SECTION 3 RESTRICTED STOCK UNITS - -- PERFORMANCE-BASED VESTING