Common use of Rights with Regard to Restricted Stock Clause in Contracts

Rights with Regard to Restricted Stock. The Participant will have all rights of a stockholder with respect to the Restricted Stock, including the right to vote the Restricted Stock, to receive and retain any dividends payable to holders of Common Stock of record on and after the transfer of the Restricted Stock (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes if paid on Restricted Stock and stock dividends will be subject to the restrictions provided in Section 3(a)), and to exercise all other rights, powers and privileges of a holder of Common Share with respect to the Restricted Stock set forth in the Plan, with the exceptions that: (i) the Participant will not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until the Restriction Period will have expired; (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and the other RS Property during the Restriction Period; (iii) no RS Property will bear interest or be segregated in separate accounts during the Restriction Period; and (iv) the Participant may not sell, assign, transfer, pledge, exchange, encumber, hypothecate or otherwise dispose of the Restricted Stock during the Restriction Period.

Appears in 1 contract

Samples: Restricted Stock Agreement (P&f Industries Inc)

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Rights with Regard to Restricted Stock. The Participant will have all rights of a stockholder with respect to the Restricted Stock, including the right to vote the Restricted Stock, to receive and retain any all regular cash dividends payable to holders of Common Stock Shares of record on and after the transfer of the Restricted Stock Grant Date (although such dividends will shall be treated, to the extent required by applicable law, as additional compensation for tax purposes if paid on Restricted Stock and stock dividends will be subject to the restrictions provided in Section 3(a)Stock), and to exercise all other rights, powers and privileges of a holder of Common Share Stock with respect to the Restricted Stock set forth in the Plan, with the exceptions that: (i) the Participant will not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until the Restriction Period will (as defined below) shall have expired; (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and the other RS Property during the Restriction Period; (iii) no RS Property will shall bear interest or be segregated in separate accounts during the Restriction Period; and (iv) the Participant may not sell, assign, transfer, pledge, exchangehypothecate, encumberassign, hypothecate exchange or otherwise dispose of the Restricted Stock during the Restriction Period. For purposes of this Agreement, the “Restriction Period” for the Restricted Stock granted hereunder shall be the period commencing on the Grant Date and ending at the close of business on the date the Restricted Stock becomes vested.

Appears in 1 contract

Samples: Restricted Stock Agreement (Emisphere Technologies Inc)

Rights with Regard to Restricted Stock. The Participant Upon delivery to the Executive, the Restricted Stock will constitute issued and outstanding shares of Common Stock for all corporate purposes. From and after the date of transfer, the Executive will have all rights of a stockholder with respect to the Restricted Stock, including the right to vote the Restricted Stock, to receive and retain any all regular cash dividends payable to holders of Common Stock of record on and after the transfer of the Restricted Stock (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes if paid on Restricted Stock and stock dividends will be subject to the restrictions provided in Section 3(a))Stock, and to exercise all other rights, powers and privileges of a holder of Common Share Stock with respect to the Restricted Stock set forth in the PlanStock, with the exceptions that: that (i) the Participant Executive will not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until the period during which such Restricted Stock is subject to the restrictions set forth in Section 2 hereof (the "Restriction Period will Period") has expired and unless all other vesting requirements with respect thereto shall have expired; been fulfilled, (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and the other RS Property during the Restriction Period; , (iii) no RS Property will shall bear interest or be segregated in separate accounts during the Restriction Period; , and (iv) the Participant Executive may not sell, assign, transfer, pledge, exchange, encumber, hypothecate encumber or otherwise dispose of the Restricted Stock during the Restriction Period. Notwithstanding the foregoing, if there is a tender offer with respect to the Common Stock, the Executive may tender his shares of Restricted Stock, but such Restricted Stock shall upon tender remain subject to the restrictions set forth in Sections 3.3(a) and 3.3(b) below to the extent that such restrictions continue to apply subsequent to the consummation of such tender offer.

Appears in 1 contract

Samples: Restricted Stock Agreement (Empire Resources Inc /New/)

Rights with Regard to Restricted Stock. The Participant Executive will have all rights of a stockholder with respect to the Restricted Stock, including the right to vote the Restricted Stock, to receive and retain any dividends payable to holders of record of Common Stock of record on and after the transfer of the Restricted Stock Grant Date (although such dividends will shall be treated, to the extent required by applicable law, as additional compensation for tax purposes if paid on Restricted Stock and stock dividends will be subject to the restrictions provided in Section 3(a)Stock), and to exercise all other rights, powers and privileges of a holder of Common Share Stock with respect to the Restricted Stock set forth in the Plan, with the exceptions that: (i) the Participant Executive will not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until the restriction period with respect to such Shares (the “Restriction Period will Period”) shall have expired; (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and the other RS Property (as defined below) during the Restriction Period; (iii) no RS Property will shall bear interest or be segregated in separate accounts during the Restriction Period; and (iv) any RS Property will be subject to the Participant restrictions provided in Sections 3(c), 3(d) and 3(e) hereof; and (v) the Executive may not sell, assign, transfer, pledge, exchange, encumber, hypothecate encumber or otherwise dispose of the Restricted Stock during the Restriction Period.

Appears in 1 contract

Samples: Restricted Stock Agreement (GNC Holdings, Inc.)

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Rights with Regard to Restricted Stock. The Participant will have all rights of a stockholder with respect to the Restricted Stock, including the right to vote the Restricted Stock, subject to Section 21(a) of the Plan, to receive and retain any dividends payable to holders of Common Stock (also referred to herein as the “Shares”) of record on and after the transfer of the Restricted Stock (although such dividends will shall be treated, to the extent required by applicable law, as additional compensation for tax purposes if paid on Restricted Stock and stock dividends will be subject to the restrictions provided in Section 3(a)), and to exercise all other rights, powers and privileges of a holder of Common Share Stock with respect to the Restricted Stock set forth in the Plan, with the exceptions that: (i) the Participant will not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until after the Restriction Period will have expiredVesting Date (as defined below); (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and the other RS Property during prior to the Restriction PeriodVesting Date; (iii) no RS Property will shall bear interest or be segregated in separate accounts during prior to the Restriction PeriodVesting Date; and (iv) the Participant may not sell, assign, transfer, pledge, exchange, encumber, hypothecate encumber or otherwise dispose of the Restricted Stock during prior to the Restriction PeriodVesting Date.

Appears in 1 contract

Samples: Non Employee Director Restricted Stock Agreement (Take Two Interactive Software Inc)

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