Examples of Retained Distributions 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.
During the Period of Restriction, any statement of ownership representing the Shares of Restricted Stock that may be issued during the Period of Restriction, and any securities constituting Retained Distributions will bear a restrictive legend to the effect that ownership of the Shares of Restricted Stock (and such Retained Distributions), and the rights appurtenant thereto, are subject to the restrictions, terms and conditions provided in the 2021 OIP and this Agreement.
On the Vesting Date with respect to each Award of Restricted Stock, and subject to the satisfaction of any other applicable restrictions, terms and conditions, (a) all or the applicable portion of such Shares of Restricted Stock will become vested and (b) any Retained Distributions with respect to such Shares of Restricted Stock will become vested to the extent that the Shares of Restricted Stock related thereto shall have become vested, all in accordance with the terms of this Agreement.
Unless otherwise determined by the Committee in its sole discretion, Retained Distributions will be subject to the same vesting and forfeiture conditions that are applicable to the Shares of Restricted Stock to which such Retained Distributions relate.