Common use of Restriction Period and Vesting Clause in Contracts

Restriction Period and Vesting. (a) The restrictions on the Award shall lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 19, 1998 and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 through 2002, inclusive, or (ii) in accordance with Section 6.8 of the Plan (the "Restriction Period").

Appears in 11 contracts

Samples: Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/)

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Restriction Period and Vesting. (a) The restrictions on the Award ------------------------------ shall lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 19March 12, 1998 1997 and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 1998 through 20022001, inclusive, or (ii) in accordance with Section 6.8 of the Plan (the "Restriction Period").

Appears in 8 contracts

Samples: Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/), Restricted Stock Award Agreement (El Paso Electric Co /Tx/)

Restriction Period and Vesting. (a) The restrictions on the Award ------------------------------ shall lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 19, 1998 1999 and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 2000 through 20022003, inclusive, or (ii) in accordance with Section 6.8 of the Plan (the "Restriction Period").

Appears in 1 contract

Samples: El Paso Electric Co /Tx/

Restriction Period and Vesting. (a) The restrictions on the Award shall ------------------------------ lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 1912, 1998 1997, and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 1998 through 20022001, inclusive, or (ii) earlier in accordance with Section 6.8 of the Plan (the "Restriction Period").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (El Paso Electric Co /Tx/)

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Restriction Period and Vesting. (a) The restrictions on the Award shall ------------------------------ lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 19March 12, 1998 1997 and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 1998 through 20022001, inclusive, or (ii) in accordance with Section 6.8 of the Plan (the "Restriction Period").

Appears in 1 contract

Samples: El Paso Electric Co /Tx/

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