Common use of Certain Requirements Relating to the French Plan Clause in Contracts

Certain Requirements Relating to the French Plan. For grants made pursuant to the French Plan, where such grants are intended to be qualified grants under the terms of the French Plan, except in the event of death and except as otherwise provided by the French Commercial Code, the disposal of Stock delivered is prohibited for a minimum period of two years beginning on their delivery. Once delivered, Stock may not be sold within the periods as set forth in Article L. 000-000-0, I of the French Commercial Code.

Appears in 4 contracts

Samples: Performance Share Unit Award Agreement (Owens Corning), Award Agreement (Owens Corning), Award Agreement (Owens Corning)

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Certain Requirements Relating to the French Plan. For grants made pursuant to the French Plan, where such grants are intended to be qualified grants under the terms of the French Plan, except in the event of death and except as otherwise provided by the French Commercial Code, the disposal of shares of Stock delivered is prohibited for a minimum period of two years beginning on their delivery. Once delivered, Stock shares may not be sold within the periods as set forth in Article L. 000-000-0, I of the French Commercial Code.

Appears in 3 contracts

Samples: Award Agreement (Owens Corning), Award Agreement (Owens Corning), Award Agreement (Owens Corning)

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