Sale Restriction Period definition

Sale Restriction Period means, with respect to Contributor, a period of time commencing on the Closing Date and ending on the earlier of (a) the date that is ten years following the Closing Date, or (b) the date on which the number of OP Units initially held by Contributor is less than 25% of the number of OP Units issued to Contributor on the Closing Date.
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Sale Restriction Period means, with respect to each Contributor, (i) a period of time commencing on the Closing Date and ending on the date that is nine years following the Closing Date (the “Initial Sale Restriction Period”) and (ii) an additional period of time commencing at the end of the Initial Sale Restriction Period and ending on a date that is three years following the end of the Initial Sale Restriction Period (the “Sale Restriction Period Extension”); provided, however, that the Sale Restriction Period Extension shall not apply to any Contributor that as of the end of the Initial Sale Restriction Period continues to hold less than 50% of the OP Units issued to such Contributor on the Closing Date.
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Sale Restriction Period means, with respect to Contributor, a period of time commencing on the Closing Date and ending on the date that is ten years following the Closing Date.
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Examples of Sale Restriction Period in a sentence

  • Notwithstanding any provisions to the contrary, in the event of an accelerated vesting provided by the Plan (except in case of a Participant death or Disability), Awards that do not comply with the Minimum Vesting Period and Share Sale Restriction Period (if applicable) provided by the French Commercial Code and the Award Agreement shall be considered as non-qualified for French income tax and social security purposes.

  • Notwithstanding any provision of the Plan or this Addendum to the contrary, no Shares issued pursuant to an Award granted under this Addendum may be sold prior to the lapse of the Share Sale Restriction Period to satisfy any social security or tax withholding due for such Awards.

  • The applicability of the Share Sale Restriction Period will be indicated in the Award Agreement.

  • In the event the vesting schedule or an accelerated vesting of an RSU would result in the vesting of the Award (in whole or in part) after the first anniversary of the grant date (the “Minimum Vesting Period”), but prior to the second anniversary of the grant date, a mandatory Share Sale Restriction Period (as defined below) of a minimum one (1) year shall apply to the Shares received upon vesting, as described below.

  • In such event, the Committee, in its discretion, may authorize the acceleration of the vesting date of an Award granted hereunder and/or the cancellation of the Share Sale Restriction Period.

  • It is surrounded to the north by Nicaragua, to the south by Panama, by the Caribbean Sea to the east, and the Pacific Ocean to the west.

  • Half the ordinary shares on vesting are transferable immediately and have no restrictions in dealing in those ordinary shares, unless the vesting day occurs in a Share Sale Restriction Period, in which case, there is a prohibition of their sale until the end of that period.

  • During the Sale Restriction Period, without the written consent of the Transferee, each Transferor or its designated affiliates holding the EDTK Shares may not transfer, sell, exchange, gift or otherwise dispose of the EDTK Shares.

  • Without limiting the foregoing, upon the expiration of the Sale Restriction Period, Acquiror nonetheless agrees that it shall use reasonable efforts to structure any sale or disposition of each Contributor’s Property such that it permits the applicable Contributor to not recognize any taxable gain, it being understood that Acquiror will have no liability to Contributor if Contributor recognizes gain as a result of the sale or disposition.

  • The calculation formula is (number of shares released during the current year's restricted sale period* (3-closing price on the day when the Sale Restriction Period is lifted)/closing price on the day when the Sale Restriction Period is lifted).


More Definitions of Sale Restriction Period

Sale Restriction Period means a period of time commencing on the Closing Date and ending on the earlier of (i) the date that is ten (10) years following the Closing Date; or (ii) the date on which more than ninety-five percent (95%) of the Series A Preferred Units issued by the Acquiror pursuant to this Agreement have been disposed of in the aggregate by Contributors in one or more taxable transactions.
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Sale Restriction Period means the period beginning on the Award Date3 and ending on the second anniversary of the Award Date.
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Related to Sale Restriction Period

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Restriction Period means any period designated by the Committee during which (i) the Common Stock subject to a Restricted Stock Award may not be sold, transferred, assigned, pledged, hypothecated or otherwise encumbered or disposed of, except as provided in this Plan or the Agreement relating to such award, or (ii) the conditions to vesting applicable to a Restricted Stock Unit Award shall remain in effect.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination or (B) subsequent to the Business Combination, (x) if the last sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • 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.

  • Acquisition Period means any period commencing on the date that a Material Acquisition is consummated through and including the last day of the second full fiscal quarter following the date on which such acquisition is consummated; provided that there shall be at least one full fiscal quarter between any two Acquisition Periods.

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).