Unvested Stock. Any shares of Common Stock granted on the Award Date pursuant to this Agreement shall be considered Unvested Stock for purposes of this Agreement and shall be subject to the Restrictions until such time or times and except to the extent that the Director’s ownership interest in Shares vests in accordance with the Vesting Schedule set forth on the first page of this Agreement.
Appears in 4 contracts
Samples: Restricted Stock Agreement (Avalonbay Communities Inc), Director Restricted Stock Agreement (Avalonbay Communities Inc), Restricted Stock Agreement (Avalonbay Communities Inc)
