Examples of Restricted Stock in a sentence
Any such Shares of Restricted Stock and Retained Distributions that shall not become vested will be automatically forfeited to the Company, and the Grantee will not thereafter have any rights (including dividend and voting rights) with respect to such Shares of Restricted Stock or any Retained Distributions that are so forfeited.
Any person to whom Shares of Restricted Stock are transferred in accordance with the provisions of the preceding sentence shall take such Shares of Restricted Stock subject to all of the terms and conditions of the 2021 OIP and this Agreement, including that the vesting and termination provisions of this Agreement will continue to be applied with respect to the Grantee.
Subject to the approval of the Board, on or as soon as reasonably practicable after the Commencement Date, the Executive will be granted 350,000 Restricted Stock Units pursuant to and as defined in the Ascend Wellness Holdings, Inc.
The Company may place on the certificate evidencing the Shares of Restricted Stock a legend and institute stop-transfer orders on such Shares.
The Restricted Stock will constitute issued and outstanding Shares for all corporate purposes.