Lapsing of Restrictions. The restrictions applicable to the Restricted Units shall lapse only upon the achievement of the performance targets defined in Appendix A in accordance with the schedule set forth in Appendix A. Restricted Units for which the restrictions lapse in accordance with Appendix A shall be converted into shares of the Corporation's Common Stock and distributed to the Grantee after the Compensation Committee certification with respect to the Company's performance as described in Section 6. The Grantee may make a deferral election in accordance with the Corporation's Deferred Compensation Plan with respect to any shares that are earned under this Agreement.
Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions imposed on the shares of Restricted Stock awarded pursuant to this Agreement shall lapse on the dates set forth above. The period during which the Restricted Stock is subject to restrictions imposed by the Plan and under this Agreement shall be known as the “Restricted Period.”
Lapsing of Restrictions. Except as otherwise provided in this Agreement or by action of the Committee, the Stock Restrictions imposed on the Performance Restricted Stock shall lapse as set forth in Attachment 1.
Lapsing of Restrictions. The Shares covered hereby shall vest in the following ways:
Lapsing of Restrictions. The Restrictions on the Shares covered hereby shall lapse in the following ways:
Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions applicable to the Restricted Units shall lapse only upon the achievement of the performance targets defined in Appendix A in accordance with the schedule set forth in Appendix A. In the event that a Restricted Unit vests, the Corporation shall deliver to the grantee one (1) share of Common Stock for each Restricted Unit that is vested within ninety (90) days after the end of the applicable fiscal year and after the Compensation Committee certification with respect to the Company's performance as described in Section 6.
Lapsing of Restrictions. Except as otherwise provided in this Agreement or by action of the Committee, the Stock Restrictions imposed on the Performance Restricted Stock shall lapse as set forth in Attachment 1, prorated in a manner consistent with Wolverine’s historical practice, as determined by Wolverine, to reflect employment starting after the beginning of the Performance Period or selection to receive Performance Restricted Stock after February of the first year of the Performance Period, if applicable.
Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions imposed on the Restricted Stock awarded pursuant to this Agreement shall lapse as follows: ______ shares of the Restricted Stock will vest on __________, 200__; _______ shares of the Restricted Stock will vest on ___________, 200__ (_______ shares vested) and ______ shares of the Restricted Stock will vest on ___________, 200__ (______ shares vested). The periods during which Restricted Stock is subject to restrictions imposed by the Plan and under this Agreement shall be known as "Restricted Periods."
Lapsing of Restrictions. 1/3 on December 31, 2012, 1/3 on December 31, 2013, and 1/3 on December 31, 2014 grant
Lapsing of Restrictions. Except as otherwise provided in this Agreement, the restrictions imposed on the Restricted Stock awarded pursuant to this Agreement shall lapse as follows: restrictions on one-third (1/3) of the shares of Restricted Stock, rounded down to the next whole share, shall lapse four years from the date of this Agreement; restrictions on one-half (1/2) of the then remaining shares of Restricted Stock, rounded down to the next whole share, shall lapse five years from the date of this Agreement; and restrictions on the remaining Restricted Stock shall lapse six years from the date of this Agreement. The periods during which Restricted Stock is subject to restrictions imposed under this Agreement are known as "Restricted Periods." Old Kent's Personnel Committee may accelerate the lapsing of the restrictions on the Restricted Stock at any time, in its sole discretion.
