Lapse of Restrictions; Issuance of Unrestricted Shares. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to forfeiture as provided in Section 4 of this Agreement. Upon the vesting of any Restricted Shares, all restrictions on such Restricted Shares will lapse, and the Company will, subject to the provisions of the Plan, issue to the Employee a certificate evidencing the Restricted Shares that is free of any transfer or other restrictions arising under this Agreement.
Appears in 12 contracts
Samples: Restricted Stock Agreement (Life Time Fitness, Inc.), Restricted Stock Agreement (Life Time Fitness, Inc.), Restricted Stock Agreement (Life Time Fitness, Inc.)
Lapse of Restrictions; Issuance of Unrestricted Shares. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to forfeiture as provided in Section 4 of this Agreement. Upon the vesting of any Restricted Shares, all restrictions on such Restricted Shares will lapse, and the Company will, subject to the provisions of the Plan, issue to the Employee Director a certificate evidencing the Restricted Shares that is free of any transfer or other restrictions arising under this Agreement.
Appears in 4 contracts
Samples: Restricted Stock Award Agreement (Nautilus, Inc.), Restricted Stock Agreement (Life Time Fitness, Inc.), Restricted Stock Agreement (Life Time Fitness, Inc.)
Lapse of Restrictions; Issuance of Unrestricted Shares. Upon the vesting of any Restricted Shares, (i) such vested Restricted Shares will no longer be subject to forfeiture as provided in Section 4 of this Agreement. Upon the vesting of any Restricted Shares, (ii) all restrictions on such the Restricted Shares will lapse, and (iii) the Company will, subject to the provisions of the Plan, issue to the Employee Recipient a certificate evidencing the Restricted Shares that is free of any transfer or other restrictions arising under this Agreement.
Appears in 3 contracts
Samples: Restricted Stock Agreement (Buca Inc /Mn), Restricted Stock Agreement (Buca Inc /Mn), Restricted Stock Agreement (Buca Inc /Mn)
Lapse of Restrictions; Issuance of Unrestricted Shares. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to forfeiture as provided in Section 4 of this Agreement. Upon the vesting of any Restricted Shares, all restrictions on such Restricted Shares will lapse, and the Company will, subject to the provisions of the Plan, issue to the Employee a certificate evidencing the Restricted Shares that is free of any transfer or other restrictions arising under this Agreement.
Appears in 3 contracts
Samples: Restricted Stock Agreement (Life Time Fitness, Inc.), Restricted Stock Agreement (Life Time Fitness, Inc.), Restricted Stock Agreement (Life Time Fitness, Inc.)
Lapse of Restrictions; Issuance of Unrestricted Shares. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to forfeiture as provided in Section 4 of this Agreement. Upon the vesting of any Restricted Shares, all restrictions on such Restricted Shares will lapse, and the Company will, subject to the provisions of the Plan, will issue to the Employee Recipient a certificate evidencing the vested Restricted Shares that is free of any transfer or other restrictions arising under this AgreementShares.
Appears in 2 contracts
Samples: A Restricted Stock Agreement, Restricted Stock Agreement (M/a-Com Technology Solutions Holdings, Inc.)
Lapse of Restrictions; Issuance of Unrestricted Shares. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to forfeiture as provided in Section 4 5 of this Agreement. Upon the vesting of any Restricted Shares, all restrictions on such Restricted Shares will lapse, and the Company will, subject to the provisions of the Plan, issue to the Employee Recipient a certificate evidencing the Restricted Shares that is free of any transfer or other restrictions arising under this Agreement.
Appears in 1 contract
Lapse of Restrictions; Issuance of Unrestricted Shares. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to forfeiture as provided in Section 4 of this Agreement. Upon the vesting of any Restricted Shares, all restrictions on such Restricted Shares will lapse, and the Company will, subject to the provisions of the Plan, issue to the Employee Recipient a certificate evidencing the Restricted Shares that is free of any transfer or other restrictions arising under this Agreement.
Appears in 1 contract
