Common use of Release of Restrictions Clause in Contracts

Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to the Award Shares on the first anniversary of the Date of Award, except as follows:

Appears in 13 contracts

Samples: Director Restricted Stock Agreement (Aar Corp), Director Restricted Stock Agreement (Aar Corp), Director Restricted Stock Agreement (Aar Corp)

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Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to 1/3 of the Award Shares on the first each successive anniversary of the Date of Award, except as follows:

Appears in 2 contracts

Samples: Director Restricted Stock Agreement (Aar Corp), Director Restricted Stock Agreement (Aar Corp)

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Release of Restrictions. Subject to the provisions of paragraph 4 3 below, the restrictions described in paragraph 2 1 above shall be released with respect to 1/3 of the Award Shares shares on the first each successive anniversary of the Date of Award, except as follows:

Appears in 1 contract

Samples: Director Restricted Stock Agreement (Aar Corp)

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