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. (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 Corporation from the Grant Date through the lapse date: 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 leave of absence approved by the Company or any Affiliate. 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 (in person or by proxy) such Restricted Shares at any meeting of stockholders of the Corporation. Any shares of Common Stock received as a dividend on or in connection wi...
Restricted Period. If the Date of Termination does not occur during the Restricted Period with respect to any Installment of the Covered Units, then the Participant shall become vested in such Installment at the end of such Restricted Period. With respect to all Covered Units, the “Restricted Period” for each Installment of Covered Units shall begin on the Grant Date. The Restricted Period with respect to each Installment shall end as described in the following schedule (but only if the Date of Termination has not occurred before the end of the Restricted Period): The Restricted Period shall end prior to the date specified in the foregoing schedule to the extent set forth below:
(a) For Installments as to which the Restricted Period has not otherwise ended prior to the Date of Termination, the Restricted Period for such Installments shall end upon the Participant’s Date of Termination, if the Date of Termination occurs by reason of the Participant’s Disability or death.
(b) For Installments as to which the Restricted Period has not otherwise ended prior to the date of a Change in Control, the Restricted Period for such Installments shall end upon a Change in Control, provided that such Change in Control occurs on or before the Date of Termination.
(c) If the Participant’s employment is Terminated Without Cause, then for Installments as to which the Restricted Period has not otherwise ended prior to the Date of Termination, the Participant shall be vested on the Date of Termination (and the Restricted Period shall end) with respect to the Installments (if any) that would vest on or before the two-year anniversary of the Date of Termination, determined as though the Participant had remained employed through the two-year anniversary of the Date of Termination. The terms “Cause” and “Terminated Without Cause” shall be defined as set forth in the Employment Agreement. Notwithstanding the foregoing, if the Executive’s employment is Terminated Without Cause, the provisions of this paragraph (c) shall apply only if the Executive executes and returns to the Company a general release and waiver of all claims against the Company as required under the Employment Agreement; provided that the Participant shall be eligible for vesting under this paragraph (c) only if the release is returned by such time as is established by the Committee; and further provided that to the extent benefits provided pursuant to this paragraph (c) would constitute deferred compensation subject to section 409A o...
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. Except as provided under Sections 3 and 4 of this AGREEMENT, the period of restriction (the “RESTRICTED PERIOD”), after which the RESTRICTED STOCK UNITS shall become vested and no longer be subject to forfeiture to the COMPANY shall lapse according to the following schedule:
(i) the RESTRICTED PERIOD shall lapse as to % of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the first anniversary of the date which is approved by the Compensation Committee of the Board of Directors then recorded and communicated through the System of Record (hereinafter referred to as the “VESTING DATE”), 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 % of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the second anniversary of the “VESTING DATE”, provided the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date;
(iii) the RESTRICTED PERIOD shall lapse as to % of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the third anniversary of the “VESTING DATE”, provided the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date; and
(iv) the RESTRICTED PERIOD shall lapse as to % of the RESTRICTED STOCK UNITS (subject to adjustment as provided in Section 11(c) of the PLAN), and such RESTRICTED STOCK UNITS shall become vested, on the fourth anniversary of the “VESTING DATE”, provided the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date.
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. 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. 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.
Restricted Period. “Restricted Period” is the 12-month period after the date of termination of the Executive’s employment with the Company.
Restricted Period. During the Restricted Period, the Employee may not sell, assign, transfer, or otherwise dispose of, or mortgage, pledge or otherwise encumber the Award. Except as provided under paragraph 2, the Award shall be subject to forfeiture until the end of the Restricted Period three years after the date of this grant. Employee becomes 100% vested in the number of PRSUs earned based on attainment of the Performance Goal at the end of the Restricted Period as approved and authorized by the Committee. The Restricted Period shall begin on the date of the granting of this Award, and shall end three years after the date of this grant. Holders of Awards shall have none of the rights of a shareholder with respect to such shares including, but not limited to, any right to receive dividends in cash or other property or other distribution or rights in respect of such shares except as otherwise provided in this Agreement, nor to vote such shares as the record owner thereof. During each year in the Restricted Period, the Employee will be paid in cash an amount equal to any dividends and other distributions which would have been paid on shares of Common Stock, based on the Target Level of PRSUs granted under this Award. The amount equal to any dividends and other distributions on the Award shall be paid to the Employee if dividends are declared and paid by the Corporation with respect to its outstanding shares of Common Stock. In the case of dividends paid in property other than cash, the amount of the dividend shall be deemed to be the fair market value of the property at the time of the payment of the dividend, as determined in good faith by the Corporation. The Corporation shall not be required to segregate any cash or other property of the Corporation. Any amounts which become payable to an Employee shall be paid from the general assets of the Corporation.
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.