Restricted Period Sample Clauses
The "Restricted Period" clause defines a specific timeframe during which certain actions, such as competition, solicitation, or disclosure of confidential information, are prohibited for one or more parties. Typically, this period begins upon the termination of an agreement or employment and lasts for a set duration, such as six months or one year. By clearly establishing when restrictions apply, the clause helps protect a party’s business interests and ensures that sensitive information or relationships are not exploited immediately after the contractual relationship ends.
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Restricted Period. Except as provided under Sections 3 and 4 of this AGREEMENT, the period of restriction (the “RESTRICTED PERIOD”), after which the EARNED UNITS shall become vested and no longer be subject to forfeiture to the COMPANY shall lapse according to the following schedule (each of the dates described in this Section 2(B) a “VESTING DATE”):
(i) the RESTRICTED PERIOD shall lapse as to one-third of the EARNED UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such EARNED UNITS shall become vested on the “FIRST VESTING DATE” which shall be defined as the later of (1) the first anniversary of the GRANT DATE; or (2) the first anniversary of the date on which the PARTICPANT signs the Non-Competition and Non-Solicitation Agreement for which all or part of the consideration is formed by the grant of AWARDS covered by this AGREEMENT, (the “NON-COMPETE”), provided the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date;
(ii) the RESTRICTED PERIOD shall lapse as to an additional one-third of the EARNED UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such EARNED UNITS shall become vested, on the second anniversary of the FIRST VESTING DATE, provided the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date; and
(iii) the RESTRICTED PERIOD shall lapse as to an additional one-third of the EARNED UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such EARNED UNITS shall become vested, on the third anniversary of the FIRST VESTING DATE, provided the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date.
Restricted Period. (a) For a period of three (3) years commencing on the Grant Date (the "Restricted Period"), the Shares shall be subject to the Restrictions and any other restrictions as set forth herein. Except as otherwise provided herein, the Restrictions shall lapse and expire as to the Shares in accordance with the following schedule provided the Employee has been continuously employed by the Company from the Grant Date through the lapse date: Lapse Date Cumulative Percentage of TotalNumber of Shares as toWhich Forfeiture Restrictions Lapse First Anniversary of the Grant Date 33-1/3% Second Anniversary of the Grant Date 66-2/3% Third Anniversary of the Grant Date 100% Continuous employment includes any paid leave of absence and any unpaid leave of absence up to 30 days, but does not include any unpaid leave of absence after 30 days. The Shares which are subject to the Restrictions shall hereinafter be referred to as "Restricted Shares." The Shares which are no longer subject to the Restrictions as set forth above and in paragraphs (f), (g) and (h) below shall hereinafter be referred to as "Transferable Shares."
(b) The Corporation shall effect the issuance of the Shares out of authorized but unissued shares of Common Stock or out of treasury shares of Common Stock. The Employee’s ownership of the Restricted Shares shall be evidenced solely by a computerized book entry in the records of the Corporation’s stock transfer agent for the benefit of the Employee until such Restricted Shares become Transferable Shares as set forth in paragraph (a) above or paragraphs (f), (g) and (h) below. The Corporation shall place appropriate stop transfer instructions with respect to the Restricted Shares with the transfer agent for the Common Stock consistent with the Restrictions. Upon Restricted Shares becoming Transferable Shares, the Corporation shall effect the issuance and delivery of a certificate or certificates for such Transferable Shares to the Employee free of any legend reflecting the Restrictions, provided that the issuance and delivery of such Transferable Shares may be effected on a noncertificated basis, to the extent not prohibited by any applicable law or the rules of any stock exchange.
(c) The Employee shall, during the Restricted Period, have all of the other rights of a stockholder with respect to the Shares including, but not limited to, the right to receive dividends, if any, as may be declared on such Restricted Shares from time to time, and the right to vote (...
Restricted Period. The term "Restricted Period" shall mean the two-year period which starts on the date Employee's employment terminates with the Company without regard to whether such termination comes before or after the end of the term of this Employment Agreement.
Restricted Period. “Restricted Period” hereunder means the period commencing on the last day of Executive’s employment with the Company and ending on the date that is two years following the last day of the Term.
Restricted Period. Subject to Section 5 below, with respect to all Covered Units, the “Restricted Period” for the Covered Units shall begin on the Grant Date and end on the earlier to occur of (i) the third anniversary of the Grant Date; or (ii) a
Restricted Period. Prior to the termination of the Restricted Period with respect to the issuance of the Certificates, transfers of interests in the Temporary Regulation S Global Certificate to U.S. persons (as defined in Regulation S) shall be limited to transfers made pursuant to the provisions of clause (e) above.
Restricted Period. For purposes of this Agreement, the “Restricted Period” shall mean the Employment Term plus:
Restricted Period. The “Restricted Period” shall mean the period of time during Executive’s employment with the Employer and for a period of twelve (12) months from the date of termination of Executive’s employment with the Employer for any reason. In the event of a breach of this Agreement by Executive, the Restricted Period, as applicable, shall be extended automatically by the number of days in which Executive is acting in breach of this Agreement.
Restricted Period. “Restricted Period” is the 12-month period after the date of termination of the Executive’s employment with the Company.
Restricted Period. The term “Restricted Period” for purposes of this Agreement shall mean the period which starts on the date Executive’s employment by the Post Group terminates for any reason or no reason and which ends (i) on the first anniversary of such termination date for purposes of § 9 and § 10 and (ii) on the second anniversary of such termination date for purposes of § 7 and § 8.