Employee Restricted Shares definition

Employee Restricted Shares means Company Restricted Shares that are not Director Restricted Shares.

Examples of Employee Restricted Shares in a sentence

• If the Employee does not consent, or if the Employee later seeks to revoke the Employee’s consent, the Employee’s employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing the Employee’s consent is that the Company would not be able to grant the Employee Restricted Shares or other equity awards or administer or maintain such awards.

• No alternative, conditional or contingent tenders will be accepted and no fractional Employee Restricted Shares will be purchased.

• If any of the Employee Restricted Shares tendered hereby are owned of record by two or more joint owners, all such owners must sign this Letter of Transmittal for Employee Restricted Shares.

• The Purchaser will pay or cause to be paid any stock transfer taxes with respect to the transfer and sale of any Employee Restricted Shares to it, or its order, in the Offer.

• Employee Restricted Shares may not be tendered by Guaranteed Delivery.

• If the space provided herein is inadequate, the number of Employee Restricted Shares should be listed on a separate signed schedule attached hereto.

• This Letter of Transmittal for Employee Restricted Shares and related documents cannot be processed until the procedures for replacing lost or destroyed certificates have been followed.

• If fewer than all the uncertificated Employee Restricted Shares held in the relevant account set forth above are to be tendered, fill in the number of such Shares that are to be tendered in the box entitled “Number of Shares Tendered.” In any such case, the relevant account will retain the Employee Restricted Shares not tendered.

• All uncertificated Employee Restricted Shares held in such account will be deemed to have been tendered unless otherwise indicated.

• If the Employee does not consent, or if the Employee later seeks to revoke his or her consent, the Employee’s employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing the Employee’s consent is that the Company would not be able to grant the Employee Restricted Shares or other equity awards or administer or maintain such awards.