Examples of Parent Restricted Shares in a sentence
The Executive acknowledges that the New Parent Restricted Shares will be subject to the terms and conditions set forth in this Agreement and shall be subject to a substantial risk of forfeiture and restrictions on transferability.
All New Parent Restricted Shares (and the related escrow account) that have not yet been vested (or paid, as applicable) as of the date of termination, shall be forfeited as of the date of termination.
Section 4.4(d) shall apply to the Company repurchases of Common Parent Shares held by the Executive as a result of the vesting of New Parent Restricted Shares and to Company repurchases of Purchased Parent Shares.
Upon such a termination, the Company shall have no obligation to the Executive other than to pay the Executive's earned and unpaid compensation through the effective date of such termination and to treat the New Parent Restricted Shares as described below in this Section 4.2, except as otherwise required by law or by the terms of the Company's benefit plans.
Section 4.4(d) shall apply to Company repurchases of Common Parent Shares held by the Executive as a result of the vesting of New Parent Restricted Shares and to Company repurchases of Purchased Parent Shares.