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 50% of the Award Shares on May 31, 2015 and 50% of the Award Shares on May 31, 2016, except as follows:

Appears in 1 contract

Samples: Restricted Stock Agreement (Aar Corp)

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Release of Restrictions. Subject to the provisions of paragraph 4 belowparagraphs 2 and 5, the restrictions described in paragraph 2 3 above shall be released with respect to 50% 1/3 of the Award Shares on May 31, 2015 and 50% 2015, 1/3 of the Award Shares on May 31, 2016, and 1/3 of the Award Shares on May 31, 2017, except as follows:

Appears in 1 contract

Samples: Performance Restricted Stock Agreement (Aar Corp)

Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to 50% of the Award Shares on May 31, 2015 2017 and 50% of the Award Shares on May 31, 20162018, except as follows:

Appears in 1 contract

Samples: Restricted Stock Agreement (Aar Corp)

Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to 50% of the Award Shares on May 31, 2015 2016 and 50% of the Award Shares on May 31, 20162017, except as follows:

Appears in 1 contract

Samples: Restricted Stock Agreement (Aar Corp)

Release of Restrictions. Subject to the provisions of paragraph 4 belowparagraphs 2 and 5, the restrictions described in paragraph 2 3 above shall be released with respect to 50331/3% of the Award Shares on May 31, 2015 and 502015, 331/3% of the Award Shares on May 31, 2016, and 331/3% of the Award Shares on May 31, 2017, except as follows:

Appears in 1 contract

Samples: Performance 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 50% of the Award Shares on May 31, 2015 20 and 50% of the Award Shares on May 31, 201620 , except as follows:

Appears in 1 contract

Samples: Restricted Stock Agreement (Aar Corp)

Release of Restrictions. Subject to the provisions of paragraph 4 belowparagraphs 2 and 5, the restrictions described in paragraph 2 3 above shall be released with respect to 50% 1/3 of the Award Shares on May July 31, 2015 and 50% 2017, 1/3 of the Award Shares on May July 31, 20162018 and 1/3 of the Award Shares on July 31, 2019, except as follows:

Appears in 1 contract

Samples: Performance Restricted Stock Agreement (Aar Corp)

Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to 50% of the Award Shares on May July 31, 2015 2018 and 50% of the Award Shares on May July 31, 20162019, except as follows:

Appears in 1 contract

Samples: Restricted Stock Agreement (Aar Corp)

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