Parent Restricted Stock definition
Examples of Parent Restricted Stock in a sentence
This Agreement shall apply to Stockholder solely in Stockholder’s capacity as a stockholder of Parent and/or holder of Parent Options and/or Parent Restricted Stock Units and not in Stockholder’s capacity as a director, officer or employee of Parent or any of its Subsidiaries or in Stockholder’s capacity as a trustee or fiduciary of any employee benefit plan or trust.
Prior to the date any such settlement is due, Parent shall pay SpinCo in cash amounts required to settle (A) any dividends or dividend equivalents with respect to Post-Separation Parent Restricted Stock Awards and (B) any dividends or dividend equivalents accrued prior to the Effective Time with respect to SpinCo Restricted Stock Awards.
Notwithstanding anything in any award agreement evidencing the grant of such Parent Restricted Stock to the contrary, in no event shall the ▇▇▇▇▇ ▇▇▇▇▇▇▇ Common Stock received with respect to such Parent Restricted Stock be subject to any restriction.
Any accrued but unpaid dividend equivalents with respect to any Parent Restricted Stock Award will be assumed and become an obligation with respect to the applicable converted Parent Restricted Stock Award.
The Parent Restricted Stock shall be granted pursuant to and subject to the terms of the ETLIP and a restricted stock agreement to be entered into between Parent and Executive.