Period of Restriction definition

Period of Restriction means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

Period of Restriction means the period during which the transfer of Shares of Restricted Stock is limited in some way (based on the passage of time, the achievement of performance goals, or upon the occurrence of other events as determined by the Committee, at its discretion), and the Shares are subject to a substantial risk of forfeiture, as provided in Article 8 herein.

Period of Restriction means the period when Restricted Stock or Restricted Stock Units are subject to a substantial risk of forfeiture (based on the passage of time, the achievement of performance goals, or upon the occurrence of other events as determined by the Committee, in its discretion), as provided in Article 8.

Examples of Period of Restriction in a sentence

• Normally, when the Period of Restriction ends on any Share, you will be responsible for federal, state, and local taxes (including, without limitation, your FICA obligation) on the current Share value as of the vesting date.

• You will not have the right to receive any dividends and other distributions paid with respect to your Shares during the Period of Restriction.

• Except as otherwise provided herein, each Award is conditioned on your continuous employment or service with the Company or its subsidiaries from the Award Date through the end of the Period of Restriction with respect to a Share.

• During the Period of Restriction applicable to any Share, you will not be able to transfer such Share, whether voluntarily or involuntarily, by operation of law or otherwise, except as provided in the Plan.

• The Grantee acknowledges and agrees that, upon the expiration of the Period of Restriction, the Company shall satisfy the Grantee’s tax withholding obligations, calculated at the applicable minimum statutory rate, arising in connection with the release of restrictions on the Shares of Restricted Stock by withholding Shares that would otherwise be available for delivery.

More Definitions of Period of Restriction

Period of Restriction means the period during which Restricted Shares are subject to forfeiture if the conditions specified in the Award Agreement are not satisfied.

Period of Restriction means the period when an Award of Restricted Share Units is subject to forfeiture based on the passage of time, the achievement of performance criteria, and/or upon the occurrence of other events as determined by the Committee, in its discretion.

Period of Restriction means the period during which the transfer of Shares of Restricted Stock is restricted, pursuant to Article VIII herein.

Period of Restriction means the period during which shares of Restricted Stock are subject to forfeiture and/or restrictions on transferability.

Period of Restriction means the period during which Shares of Restricted Stock or Restricted Stock Units are subject to a substantial risk of forfeiture, and, in the case of Restricted Stock, the transfer of Shares of Restricted Stock is limited in some way, as provided in Article VIII.

Period of Restriction means the period during which the transfer of Shares of Restricted Stock are subject to restrictions.

Period of Restriction means the period during which the transfer of shares of Restricted Stock is restricted pursuant to Section 9.