Removal of Restrictions. Except as otherwise provided in this [Article 7] or otherwise provided in the grant terms, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall become freely transferable by the Participant after completion of all conditions to vesting, if any. However, the Committee, in its sole discretion, shall have the right to immediately vest the shares and waive all or part of the restrictions and conditions with regard to all or part of the Shares held by any Participant at any time.
Removal of Restrictions. Except as otherwise provided in this [Article 7]VII], the Agreement, or otherwise provided in the grant terms,applicable law or regulation, Shares of Restricted Stock covered by each Restricted Stock grantAward made under the Plan shall become freely transferable by the Participant after completionthe last day of all conditionsthe Period of Restriction, and, where applicable, after a determination of the satisfaction or achievement of any applicable Performance Goal. Once the Shares are released from the restrictions, the Participant shall be entitled to vesting, if any. However, the Committee, in its sole discretion, shall have the right to immediately vest the shares and waive alllegend required by [Section 7.5] removed from his Stock certificate or part of the restrictions and conditions with regard to allsimilar notation removed from such Shares if issued in book-entry or part of the Shares held by any Participant at any time.electronic form.
Removal of Restrictions.Transferability. Except as otherwise provided in this Article 7 or otherwise providedVII and subject to the limitation in the grant terms,next sentence, the Shares of Restricted Stock coveredgranted hereunder may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the termination of the applicable Period of Restriction or upon earlier satisfaction of other conditions as specified by eachthe Committee in its sole discretion and set forth in the Agreement. All rights with respect to the Restricted Stock grant madegranted to a Participant under the Plan shall become freely transferablebe exercisable during his lifetime only by thesuch Participant after completion of all conditions to vesting, if any. However, the Committee, in its sole discretion, shall have the right to immediately vest the shares and waive all or part of the restrictions and conditions with regard to allhis guardian or part of the Shares held by any Participant at any time.legal representative.
Removal of Restrictions. Except as otherwise provided in this [Article 7] or otherwise provided in the grant terms,Article 8, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall become freely transferable by the Participant after completion of all conditions to vesting, if any. However, the Committee, in its sole discretion, shall have the right to immediately vest the shares and waive all or partlast day of the restrictions and conditions with regard to all or partapplicable Period of the Shares held by any Participant at any time.Restriction.
Removal of Restrictions.Transferability. Except as otherwise provided in this Article 7 or otherwise provided7, and subject to any additional terms in the grant terms,thereof, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall become freely transferable by the Participant after completion of all conditions to vesting, if any. However, the Committee, in its sole discretion, shall have the right to immediately vest the shares and waive allgranted herein may not be sold, transferred, pledged, assigned, or part of the restrictions and conditions with regard to allotherwise alienated or part of the Shares held by any Participant at any time.hypothecated until fully vested.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.