Common use of Vesting of Class A Common Stock Clause in Contracts

Vesting of Class A Common Stock. (a) All Restricted Shares shall initially be unvested and shall be subject to repurchase by the Company pursuant to the Shareholders’ Agreement. Subject in all respects to the provisions of the Certificate of Incorporation of the Company, all stock dividends, if any, that are paid on unvested Restricted Shares and all stock dividends, if any, that are paid on any such stock dividends (any such stock dividends, “Restricted Share Dividends”) and all cash dividends paid on unvested Restricted Shares (or on Restricted Share Dividends) (“Unvested Shares Cash Dividends”) shall be treated as set forth in Section 6(d).

Appears in 9 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (Generac Holdings Inc.), Restricted Stock Agreement (Generac Holdings Inc.)

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