Your Restricted Stock Sample Clauses
The "Your Restricted Stock" clause defines the terms and conditions governing the restricted stock granted to an individual, typically as part of an employment or compensation agreement. It outlines the number of shares awarded, the vesting schedule, and any restrictions on transfer or sale until certain conditions are met, such as continued employment or achievement of performance milestones. This clause ensures both parties understand the limitations and requirements attached to the stock, providing clarity and protecting the company's interests while incentivizing the recipient.
Your Restricted Stock is subject to forfeiture in accordance with the provisions of the Plan and this Agreement. If you do not meeting the vesting requirements set forth in Section 7, below, the Restricted Stock shall be completely and irrevocably forfeited, you shall have no further or continuing rights or interest under this Agreement with respect to such forfeited shares, and you hereby authorize the Company to have such certificates representing such Restricted Stock canceled in accordance with the terms of Section 3 above. In the event of such forfeiture, the Company will reimburse you the amount of the Initial Payment (or pro rata portion thereof if not all the shares of Restricted Stock are forfeited).
Your Restricted Stock. Normally your Restricted Stock may not be transferred to another person. However, you may complete a Beneficiary Designation Form to name the person to receive any Restricted Stock that is settled after you die. Also, the Committee may allow you to place your Restricted Stock into a trust established for your benefit or the benefit of your family. Contact ▇. ▇▇▇▇▇▇ ▇▇▇▇▇ at (937) 382-5591 ext. 2686 or at the address given below if you are interested in doing this.
Your Restricted Stock. Unit Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your Restricted Stock Unit Award, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of your Restricted Stock Unit Award and those of the Plan, the provisions of the Plan shall control.
Your Restricted Stock. Unit Award may be amended as provided in the Plan at any time, provided no such amendment may adversely affect the Restricted Stock Unit Award without your consent unless such amendment is necessary to comply with any applicable law or government regulation, or is contemplated in Section 12 hereof. No amendment or addition to this Agreement shall be effective unless in writing or in such electronic form as may be designated by the Company.