Definition of Restricted Period Sample Clauses

Definition of Restricted Period. (a) As a reward for past service and in consideration of and as an incentive to the Participant’s performance of future services on behalf of the Company, and for no additional consideration, the Company hereby grants to the Participant, as of the Grant Date, the right to receive at the end of the Restricted Period (hereinafter defined) that certain number of shares of the Company’s common stock, par value $1.00 per share (the “Performance Shares”), determined in accordance with Section 2 below, subject to the further terms and conditions set forth herein and in the Plan. The right to receive Performance Shares is subject to forfeiture as provided herein and may not be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of by the Participant, other than by will or by the laws of descent and distribution of the state in which the Participant resides on the date of his death. The “
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Definition of Restricted Period. “Restricted Period” means collectively (i) the period commencing on the first day of Employee’s employment and ending on the last day of Employee’s employment, and (ii) the period commencing immediately following the last day of the employment and ending six (6) months later. (“Post-Employment Restricted Period”). For the avoidance of doubt, Paragraph 7, including all subparagraphs, applies regardless of the basis by which such termination of employment arises (whether by the Company or by the Employee).
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Definition of Restricted Period. For purposes of this Agreement, the “Restricted Period” shall mean the period commencing at the Effective Time and continuing for 24 months after the cessation of Executive’s employment relationship with Sunshine, Sunshine Bank, CenterState and/or CenterState Bank, as applicable.
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Definition of Restricted Period. For purposes of this Agreement, the capitalized term “Restricted Period” means the Employment Term and the period of four years commencing immediately upon the termination of the Employment Term; provided, however, that, in the event that the Company shall fail to make any payment to Executive required under section 7 of this Agreement, and fails to make such payment to Executive within twenty days of Executive’s giving of notice of such non-payment to the Company, then the Restricted Period shall automatically terminate on the 21st day after the giving of such notice.
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Definition of Restricted Period. For purposes of this Section 8 and hereafter in this Agreement, “Restricted Period” means one year.
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Definition of Restricted Period. For purposes of this Agreement, the “Restricted Period” shall mean the period commencing at the Effective Time and continuing for 24 months thereafter.
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Definition of Restricted Period. For purposes of this Agreement “Restricted Period” means the period of one (1) year from the termination of my employment with the Company, regardless of the reason for the termination, whether voluntary or involuntary.
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Definition of Restricted Period. For purposes of this Agreement, the term “Restricted Period” shall mean the period commencing upon the Effective Date and continuing until twelve (12) months following Employee’s termination of employment with the Company. For the avoidance of doubt, the term Restricted Period shall apply solely for purposes of this Agreement and shall not apply with respect to any other agreement entered into between Employee and the Company and, conversely, the term restricted period set forth in any other agreement entered into between Employee and the Company shall not apply with respect to this Agreement.
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Definition of Restricted Period. For the purposes of this Agreement, the term “Restricted Period” shall mean the period beginning on the date hereof and ending on the earliest of (1) December 31, 2009 (or such earlier date as the Committee, acting in its discretion, may specify), (2) the termination of the Optionee’s employment by the Company without “cause” or by the Optionee for “good reason” (as such terms are defined in the Employment Agreement), (3) the day preceding the consummation of a “change in control” (within the meaning of the Employment Agreement), (4) the date the Optionee’s employment is terminated due to “disability” (as defined in the Employment Agreement), and (5) the date of the Optionee’s death.
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Related to Definition of Restricted Period

  • Extension of Restricted Period In addition to the remedies the Company may seek and obtain pursuant to Section 8 of this Agreement, the Restricted Period shall be extended by any and all periods during which the Executive shall be found by a court to have been in violation of the covenants contained in Section 7 hereof.

  • Extension of Restriction Period The Restriction Period shall be tolled for any period during which the Executive is in breach of any of Sections 4.2, 4.3 or 4.4 hereof.

  • Termination of Restrictions Except as set forth in Section 9.3 hereof, the restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

  • Restricted Period; Vesting 3.1. Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, and further provided that any additional conditions and performance goals set forth in Schedule I have been satisfied, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] The period over which the Restricted Stock vests is referred to as the “Restricted Period”.

  • Expiration of Restrictions and Risk of Forfeiture Unless otherwise provided in Section 7 below, the restrictions on the Restricted Stock Units granted pursuant to this Agreement, including the Forfeiture Restrictions, will expire on September 30, 2014, and shares of Stock that are nonforfeitable and transferable will be issued to you in payment of your vested Restricted Stock Units as set forth in Section 5, provided that you remain in the continuous employ of, or a service provider to, the Company or its Subsidiaries until September 30, 2014.

  • Vesting Schedule/Period of Restriction Except as provided in paragraphs 4 and 5, and subject to paragraph 7, the Performance Shares awarded by this Agreement shall vest in accordance with the vesting provisions set forth on the first page of this Agreement. Performance Shares shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Subsidiaries from the Grant Date until the date the Performance Shares are otherwise scheduled to vest.

  • Period of Restriction (i) The Restricted Stock Units subject to the Award shall be restricted during the period (the “Period of Restriction”) commencing on the Award Date and expiring on the first to occur of:

  • Lapse of Restrictions If, for any reason, Shares are issued to the Employee within six months of the Grant Date, the Employee agrees that he or she will not sell or otherwise dispose of any such Shares prior to the six-month anniversary of the Grant Date.

  • Restricted Period Prior to the termination of the Restricted Period with respect to the issuance of the Certificates, transfers of interests in the Temporary Regulation S Global Certificate to U.S. persons (as defined in Regulation S) shall be limited to transfers made pursuant to the provisions of clause (e) above.

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