Examples of Restricted Stock in a sentence
The Grantee shall (as a condition of the lapse of vesting restrictions set forth in this Award Agreement and the Plan or removal of any legend restricting the transferability of the shares of Restricted Stock pursuant to this Award Agreement) enter into such additional confidentiality, covenant not to compete, non-disparagement and non-solicitation, employee retention, and other agreements as the Company deems appropriate, all in a form acceptable to the Board.
This Award Agreement and the Restricted Stock granted hereunder shall be subject to the terms and conditions of the Company’s compensation recovery (or “clawback”) policy, as applicable and in effect from time to time, and such policy is hereby incorporated into this Award Agreement by reference.
Subject to any exceptions set forth in this Award Agreement or the Plan, during the Period of Restriction, the Restricted Stock or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee.
The Grantee may, at the Grantee’s option, make an election under Code Section 83(b) (a “Section 83(b) Election”) with respect to the Restricted Stock.
The shares of Restricted Stock may include one or more legends that reference or describe the conditions upon exercise referenced in this Section 12.