Common use of Restriction Period and Vesting Clause in Contracts

Restriction Period and Vesting. (a) The Award shall vest (i) with respect to one-third of the aggregate number of shares of Stock subject to the Award on each anniversary of the Grant Date during the years 2001 through 2003, inclusive, or (ii) earlier (x) pursuant to Section 4(b) hereof, (y) upon any termination of the Holder's employment with the Company unless such termination of employment constitutes a "Nonqualifying Termination," as such term is defined in the Holder's Severance Agreement with the Company dated May 6, 1996 (the "Severance Agreement"), or (z) upon a "Change in Control" as that term is defined in the Severance Agreement (the "Restriction Period").

Appears in 1 contract

Samples: Stock Award Agreement (Patinkin Hugh M)

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Restriction Period and Vesting. (a) The Award shall vest (i) with respect to one-third of the aggregate number of shares of Stock subject to the Award on each anniversary of the Grant Date during the years 2001 _____ through 2003_____, inclusive, or (ii) earlier (x) pursuant to Section 4(b) hereof, (y) upon any termination of the Holder's employment with the Company unless such termination of employment constitutes a "Nonqualifying Termination," as such term is defined in the Holder's Severance Agreement with the Company dated May 6, 1996 ______ (the "Severance Agreement"), or (z) upon a "Change in Control" as that term is defined in the Severance Agreement (the "Restriction Period").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Whitehall Jewellers Inc)

Restriction Period and Vesting. (a) The Award shall vest (i) with respect to one-third of the aggregate number of shares of Stock subject to the Award on each anniversary of the Grant Date during the years 2001 2004 through 20032006, inclusive, or (ii) earlier (x) pursuant to Section 4(b) hereof, (y) upon any termination of the Holder's employment with the Company unless such termination of employment constitutes a "Nonqualifying Termination," as such term is defined in the Holder's Severance Agreement with the Company dated May 6MAY 7, 1996 (the "Severance Agreement"), or (z) upon a "Change in Control" as that term is defined in the Severance Agreement (the "Restriction Period").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Whitehall Jewellers Inc)

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Restriction Period and Vesting. (a) The Award shall vest (i) with respect to one-third of the aggregate number of shares of Stock subject to the Award on each anniversary of the Grant Date during the years 2001 2003 through 20032005, inclusive, or (ii) earlier (x) pursuant to Section 4(b) hereof, (y) upon any termination of the Holder's employment with the Company unless such termination of employment constitutes a "Nonqualifying Termination," as such term is defined in the Holder's Severance Agreement with the Company dated May 6MAY 7, 1996 (the "Severance Agreement"), or (z) upon a "Change in Control" as that term is defined in the Severance Agreement (the "Restriction Period").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Whitehall Jewellers Inc)

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