Lapse of Transfer Restrictions. Except as provided in Section 5 below, the Transfer Restriction shall lapse following a two (2) year hold after the Applicable Vesting Date and as set forth in Section 5.3 and Section 11 below; provided that Grantee has satisfied all applicable tax withholding obligations as provided in Section 6.1 below and the conditions of Sections 6.2 through 6.4 below have been satisfied.
Lapse of Transfer Restrictions. Subject to subsection 3(c) above and unless otherwise provided by the Option Award Notice, upon the acquisition of Option Shares pursuant to the option Optionee shall be free to dispose of Option Shares so acquired in any manner and at any time after expiration of the vesting period provided by the Option Award Notice.
Lapse of Transfer Restrictions. The transfer restrictions set forth in Section 2 above shall lapse on the dates set forth on Exhibit A (the “Lapse Dates”); provided that Grantee has satisfied all applicable tax withholding obligations as provided in Section 5.1 below and the conditions of Sections 5.2 through 5.4 below have been satisfied.
Lapse of Transfer Restrictions. The transfer restrictions set forth in Section 2 above shall lapse on the dates set forth on Exhibit A (the “Lapse Dates”); provided that Grantee has satisfied all of the provisions of Section 6 below.
Lapse of Transfer Restrictions. Notwithstanding anything else under this Article V (but subject to the requirements of Section 2.12), all restrictions on Transfers under this Article V shall lapse and no longer be under effect if there has been a Change in Control or a Bankruptcy Event.
Lapse of Transfer Restrictions. The Transfer Restrictions will lapse six months following each Vesting Date with respect to the Shares corresponding to such Vesting Date. First Hawaiian may affix to the Certificates or to the direct registration account holding Shares issued pursuant to this Award Agreement any legend that the Committee reasonably determines to be necessary or advisable to reflect the Transfer Restrictions.
Lapse of Transfer Restrictions. Notwithstanding anything else under this Article V, all restrictions on Transfers under this Article V shall lapse and no longer be under effect if (a) there has been a Change in Control or (b) the Company makes an assignment for the benefit of creditors or commences any proceeding under any bankruptcy, reorganization, insolvency, dissolution or liquidation law of any jurisdiction or any such petition is filed or any such proceeding is commenced against the Company and either (A) the Company by any act indicates its approval thereof, consent thereto or acquiescence therein or (B) such petition, application or proceeding is not dismissed within 60 days.
Lapse of Transfer Restrictions. The one year restriction on transferability that would otherwise be imposed on Net Shares by this Section 9 shall lapse if your Service to the Company and its Affiliates is terminated by the Company or any Affiliate without Cause, or as a result of your death or Disability.
Lapse of Transfer Restrictions. At such time, if any, as the Committee may determine in its sole discretion, some or all of the provisions of this Section 4 shall terminate.
Lapse of Transfer Restrictions. The transfer restrictions set forth in Section 2 above shall lapse on the one year anniversary of each grant date (i.e., the payroll date on which the Salary Stock was granted).
