Common use of Treatment of Restricted Shares Clause in Contracts

Treatment of Restricted Shares. All awards granting restricted Shares from Company that have not vested (collectively, “Restricted Shares”) heretofore granted under the Stock Plans shall, immediately prior to the Effective Time, become fully vested and without further restrictions with respect to ownership rights thereto, thereby causing all Restricted Shares to become Shares that are converted into the right to receive the Per Share Merger Consideration as provided in Section 4.1(a).

Treatment of Restricted Shares. All awards granting At the Effective Time, each outstanding award of restricted Shares from Company under the Stock Plans that have has not vested (collectively, “Company Restricted Shares”) heretofore granted under the Stock Plans shall, immediately prior to the Effective Time, become fully vested and without further restrictions with respect to ownership rights thereto, thereby causing all Company Restricted Shares to become Shares that are each converted into the right to receive the Per Share Merger Consideration as provided in Section 4.1(a4.1, less applicable Taxes required to be withheld with respect to such payment as provided in Section 4.2(g).