Restriction expires Sample Clauses
The 'Restriction expires' clause defines the point at which a previously imposed limitation or restriction on a party's actions or rights is no longer in effect. Typically, this clause specifies a date, event, or condition after which the restriction automatically lapses, such as the expiration of a confidentiality obligation after a set number of years. Its core practical function is to provide certainty about the duration of restrictions, ensuring that parties know when their obligations end and reducing the risk of indefinite or unclear limitations.
Restriction expires. June 23, 2018
Restriction expires. The shares of restricted stock granted under the Plan will be held in escrow by the Company on the participant’s behalf during any period of restriction and will bear an appropriate legend specifying the applicable restrictions thereon, and, if requested, the participant will be required to execute a blank stock power therefor. During the period of restriction the participant shall have all of the rights of a holder of Common Stock, including but not limited to the rights to receive dividends and to vote, and any stock or other securities received as a distribution with respect to such participant’s restricted stock shall be subject to the same restrictions as then in effect for the restricted stock.
Restriction expires. June 21, 2021
Restriction expires. June 26, 2022