Examples of Restricted Shares Award Agreement in a sentence
Each Award of Restricted Shares shall be evidenced by a Restricted Shares Award Agreement that shall specify the period of restriction, the number of Restricted Shares granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine.
The Board of Directors of the Company (the “ Board”) has decided to make a grant of restricted shares to the Grantee as an inducement for the Grantee to promote the best interests of the Company and its shareholders and the terms and conditions of such restricted shares award shall be memorialized in this Restricted Shares Award Agreement (the “Agreement”).
The Restricted Shares Award shall be granted pursuant to an agreement (the "Restricted Shares Award Agreement") substantially identical to the BellSouth Corporation Restricted Shares Award Agreement attached hereto as Exhibit "A" and incorporated by this reference herein.
Inserting a provision into the Restricted Shares Award Agreement prohibiting assignment of such Award Agreement until the terms and conditions or restrictions contained therein have been satisfied or released, as applicable.
Awards of Restricted Shares must be accepted within a period of 60 days (or such shorter period as the Committee may specify at grant) after the award date, by executing a Restricted Shares Award Agreement and paying whatever price (if any) is required under Section 7(b)(i).
To the extent provided by the Committee, in its discretion, a Restricted Shares Award Agreement may provide that distributions made by the Partnership with respect to the Restricted Shares shall be subject to the same forfeiture and other restrictions as the Restricted Share and, if restricted, such distributions shall be held, without interest, until the Restricted Share vests or is forfeited with the SDR being paid or forfeited at the same time, as the case may be.
Each Participant receiving an Award of Restricted Shares under the Plan shall enter into a Restricted Shares Award Agreement in substantially the form of Exhibit “A” attached hereto.
Awards of Restricted Shares must be accepted within a period of 60 days (or such shorter period as the Committee may specify at grant) after the award date, by executing a Restricted Shares Award Agreement and paying whatever price (if any) is required under Section 8(b)(i).
Except as otherwise provided in this Article 5 or any Restricted Shares Award Agreement, Restricted Shares granted under the Plan shall be released from escrow as soon as practicable after the last day of the period of restriction.
All outstanding loans or other amounts owed by any Shareholder or Allied Parent to the Company shall have been repaid in full on or prior to the Closing.