Common use of Restrictions on Payment Clause in Contracts

Restrictions on Payment. The Participant will forfeit any RSUs if the Participant does not continue performing substantial services for the Company for two years from the Grant Date (other than due to the Participant’s earlier death, Disability or the earlier occurrence of a “change in control event” as defined in Treasury Regulations §§1.280G-1, Q&A 27 through 29 or 1.409A-3(i)(5)(i) involving the Company).

Appears in 4 contracts

Samples: Equity Incentive Plan (First Defiance Financial Corp), Equity Incentive Plan (First Defiance Financial Corp), Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp)

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Restrictions on Payment. The Participant will forfeit any all RSUs if the Participant does not continue performing substantial services for the Company for two years from the Grant Date (other than due to the Participant’s earlier death, Disability or the earlier occurrence of a “change in control event” as defined in Treasury Regulations §§1.280G-1, Q&A 27 through 29 or 1.409A-3(i)(5)(i) involving the Company).

Appears in 1 contract

Samples: 2010 Equity Incentive Plan (First Defiance Financial Corp)

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