Restricted Stock Right definition

Restricted Stock Right means the right granted to a Participant pursuant to Article 7 to receive cash or Stock in the future, the payment of which is subject to certain restrictions and to the risk of forfeiture.

Restricted Stock Right means the right granted to a Participant to receive Stock in the future, at no monetary cost to the Participant, the payment of which is subject to certain restrictions and to risk of forfeiture as determined by the Committee.

Restricted Stock Right means a restricted stock right or a restricted stock unit issued by the Company pursuant to a Company Equity Plan that (i) as of the date hereof, vests solely on the basis of time and (ii) is outstanding as of immediately prior to the Effective Time, pursuant to which the holder has a right to receive Common Shares after the vesting or lapse of restrictions applicable to such restricted stock right or restricted stock unit.

Examples of Restricted Stock Right in a sentence

• Unless otherwise determined by the Committee, a Grantee may not be granted in any Year both (i) a Restricted Stock Right and (ii) a Stock Option, SAR, Limited SAR or Performance Unit.

• The Company shall have no obligation to the Recipient, express or implied, to list, register or otherwise qualify any Shares issued to the Recipient pursuant to the conversion of the Restricted Stock Right.

• Shares issued upon the conversion of the Restricted Stock Right may not be transferred except in accordance with applicable securities laws.

• As a condition to the conversion of the Restricted Stock Right, the Company may require the Recipient to make such representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements of any applicable securities laws.

• Neither the Restricted Stock Right nor the Shares subject thereto shall be liable for or subject to, in whole or in part, the debts, contracts, liabilities or torts of the Recipient, nor will they be subject to garnishment, attachment, execution, levy or other legal or equitable process.

More Definitions of Restricted Stock Right

Restricted Stock Right means any right granted under Section 6(c) of the Plan.

Restricted Stock Right has the meaning specified in Surviving Pubco Certificate of Incorporation.

Restricted Stock Right means a right awarded to an Associate that, subject to Section 8.2, may result in Associate’s ownership of Shares upon, but not before, the lapse of Restrictions related thereto.

Restricted Stock Right means a right to receive payment from the Company in Shares (including Restricted Stock) subject to the terms and conditions of an Award granted pursuant to Section 7 of the Plan.

Restricted Stock Right means the grant under Article VIII of the right to receive Stock subject to vesting and such other restrictions imposed pursuant to such Article, together with dividend equivalents with respect to such Stock if and as determined by the Committee. (u)

Restricted Stock Right means the right to receive a share of Stock at no monetary cost to the Participant.

Restricted Stock Right has the meaning set forth in Section 1.7(b).