Period of Restriction. The Award of Restricted Stock Units described in this Agreement shall be subject to the Period of Restriction as set forth in Paragraph 2; for purposes of this Agreement, “Period of Restriction” means the period of time after which the Award shall be deemed “vested” and settled in cash as provided in the Plan and this Agreement. The Restricted Stock Units awarded hereunder, and all rights with respect to such Restricted Stock Units, may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
Appears in 8 contracts
Samples: Directors Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)
Period of Restriction. The Award of Restricted Stock Units described in this Agreement shall be subject to the Period of Restriction as set forth in Paragraph 2; for purposes of this Agreement, “Period of Restriction” means the period of time after which the Award shall be deemed “vested” and settled in cash as provided in the Plan and this Agreement. The Restricted Stock Units awarded hereunder, and all rights with respect to such Restricted Stock Units, may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
Appears in 5 contracts
Samples: Directors Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Directors Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Directors Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)
Period of Restriction. The Award of Restricted Stock Units described in this Agreement shall be subject to the Period of Restriction as set forth in Paragraph 23; for purposes of this Agreement, “Period of Restriction” means the period of time after which the Award shall be deemed “vested” and settled in cash as provided in the Plan and this Agreement. The Restricted Stock Units awarded hereunder, and all rights with respect to such Restricted Stock Units, may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)
Period of Restriction. The Award of Restricted Stock Units described in this Agreement shall be subject to the Period of Restriction as set forth in Paragraph 2; for 3. For purposes of this Agreement, “Period of Restriction” means the period of time after which the Award shall be deemed “vested” and settled in cash shares of Common Stock of the Company as provided in the Plan and this Agreement. The Restricted Stock Units awarded hereunder, and all rights with respect to such Restricted Stock Units, may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)
Period of Restriction. The Award of Restricted Stock Units described in this Agreement shall be subject to the Period of Restriction as set forth in Paragraph 2; for 3. For purposes of this Agreement, “Period of Restriction” means the period of time after which the Award shall be deemed “vested” and settled in cash as provided in the Plan and this Agreement. The Restricted Stock Units awarded hereunder, and all rights with respect to such Restricted Stock Units, may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)
