Common use of Transferability Restrictions Related to Long-Term Restricted Stock Clause in Contracts

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge that any long term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares (see FAQ 15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the Purchasers, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 2 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement

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Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 7,000 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 2 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 12,895 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 2 contracts

Samples: Securities Purchase Agreement (HCSB Financial Corp), Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 10,000 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the Purchasers, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 2 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 41,400 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Premierwest Bancorp), Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 300,000 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company or the Purchaser upon the Merger; shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Firstmerit Corp /Oh/), Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 13,179 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bank of the Carolinas CORP), Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 4,000 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 33,800 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 6,245 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company Purchaser and the Purchasers Company acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares (see FAQ 15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx)4,000 Shares. Upon the sale of the Shares to the PurchasersClosing, in the event that any long-term restricted stock awarded by the Company is will not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 terms of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 16,369 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-long- term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 4,389 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 6,970 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares shall mean Seventy-Two Million Dollars ($72,000,000) (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.. ARTICLE V CONDITIONS TO THE CLOSING

Appears in 1 contract

Samples: Securities Purchase Agreement (Independent Bank Corp /Mi/)

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 42,750 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 9,439 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 7,225 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 17,123 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 12,660 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 17,123 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxxwxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement (First Bancshares Inc /MS/)

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes $15,000,000 original principal amount of the full original liquidation amount with respect to 50,236 Shares Senior Subordinated Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares Senior Subordinated Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 3,652 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 6,000 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 25,000 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 7,400 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 1 contract

Samples: Securities Purchase Agreement

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Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 16,369 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement (1st Financial Services CORP)

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 5,781 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 22,000 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 11,385 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement (C & F Financial Corp)

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 54,600 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 20,471 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units. V CONDITIONS TO THE CLOSING.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 5,448 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is will not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 terms of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 3,000 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 11,334 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 12,643 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 the 2,568 Series A Shares (see FAQ FAQ- 15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 6,000 Series A Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 7,225 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement (Central Federal Corp)

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 81,892 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 6,970 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement (Community Financial Shares Inc)

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers acknowledge acknowledges that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 Shares 11,735 CDCI Securities (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares CDCI Securities to the PurchasersCompany, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

Transferability Restrictions Related to Long-Term Restricted Stock. The Company and the Purchasers Purchaser acknowledge that any long long-term restricted stock (as defined in Section 30.1 of the Compensation Regulations) awarded by the Company that has otherwise vested may not become transferable, or payable in the case of a restricted stock unit, at any time earlier than as permitted under the schedule set forth in the definition of long long-term restricted stock in Section 30.1 of the Compensation Regulations. For this purpose, aggregate financial assistance received (for purposes of the definition of long long-term restricted stock) includes the full original liquidation amount with respect to 50,236 50,000 Shares (see FAQ 15 FAQ-15 in the Frequently Asked Questions to the Compensation Regulations, available at xxx.xxxxxxxxxxxxxxxxxx.xxx). Upon the sale of the Shares to the PurchasersPurchaser, in the event that any long-term restricted stock awarded by the Company is not permitted to become transferable, or payable in the case of a restricted stock unit, under the schedule set forth in the definition of long-term restricted stock in Section 30.1 of the Compensation Regulations, the Company shall cancel such long-term restricted stock and/or restricted stock units.

Appears in 1 contract

Samples: Securities Purchase Agreement

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