Common use of Release of Restrictions Clause in Contracts

Release of Restrictions. A. Except as provided in Sections 3(B) and 4, and subject to the Grantee’s continued employment with the Company and its Related Entities, the restrictions on the Award Shares shall lapse and the Award Shares shall vest as described on Exhibit A.

Appears in 3 contracts

Samples: 2006 Equity Plan (Firstmerit Corp /Oh/), Equity Plan (Firstmerit Corp /Oh/), 2006 Equity Plan (Firstmerit Corp /Oh/)

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Release of Restrictions. A. Except as provided in Sections 3(B) and 4, and subject to the Grantee’s continued employment with the Company and its Related Entities, the restrictions on the Award Shares shall set forth in Section 2 above will lapse and the Award Shares shall will vest as described on Exhibit A.follows:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Firstmerit Corp /Oh/)

Release of Restrictions. A. Except as provided in Sections 3(B) and 4, 4 and subject to the Grantee’s continued employment with the Company and its Related Entities, the restrictions on the Award Shares shall set forth in Section 2 above will lapse and the Award Shares shall will vest as described on Exhibit A.follows:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Firstmerit Corp /Oh/)

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Release of Restrictions. A. Except as provided in Sections 3(B) and 4, and subject to the Grantee’s continued employment with service as a director of the Company and its Related EntitiesCompany, the restrictions on the Award Shares shall set forth in Section 2 above will lapse and the Award Shares shall will vest as described on Exhibit A.follows:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Firstmerit Corp /Oh/)

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