Common use of Stock Ownership Requirements Clause in Contracts

Stock Ownership Requirements. Except where prohibited by law, by accepting this Award Agreement through the procedure described in Section 9, you acknowledge receipt of the Stock Ownership Requirements (“Ownership Requirements”) attached as Exhibit B and agree to comply with such Ownership Requirements as amended from time to time. If you are not a Vice President (or above) on the Award Date, but you are promoted to Vice President (or above) prior to the Vesting Date, the Ownership Requirements as in effect at that time shall become applicable to you on the date of your promotion to Vice President (or above).

Appears in 2 contracts

Samples: Award Agreement (Lockheed Martin Corp), Award Agreement (Lockheed Martin Corp)

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Stock Ownership Requirements. Except where prohibited by law, by accepting this Award Agreement through the procedure described in Section 9, you acknowledge receipt of the Stock Ownership Requirements (“Ownership Requirements”) attached as Exhibit B and agree to comply with such Ownership Requirements as amended from time to time. If you are not a Vice President (or above) on the Award Date, but you are promoted to Vice President (or above) prior to the Vesting Date, the Ownership Requirements as in effect at that time shall become applicable to you on the date of your promotion to Vice President (or above).. Award Date: February 22, 2024

Appears in 1 contract

Samples: Award Agreement (Lockheed Martin Corp)

Stock Ownership Requirements. Except where prohibited by law, by accepting this Award Agreement through the procedure described in Section 9, you acknowledge receipt of the Stock Ownership Requirements (“Ownership Requirements”) attached as Exhibit B and agree to comply with such Ownership Requirements as amended from time to time. If you are not a Vice President (or above) on the Award DateJuly 27, 2020, but you are promoted to Vice President (or above) prior to the Vesting DateJuly 27, 2023, the Ownership Requirements as in effect at that time shall become applicable to you on the date of your promotion to Vice President (or above).

Appears in 1 contract

Samples: Award Agreement (Lockheed Martin Corp)

Stock Ownership Requirements. Except where prohibited by law, by accepting this Award Agreement through the procedure described in Section 9, you acknowledge receipt of the Stock Ownership Requirements (“Ownership Requirements”) attached as Exhibit B and agree to comply with such Ownership Requirements as amended from time to time. If you are not a Vice President (or above) on the Award DateFebruary 27, 2020, but you are promoted to Vice President (or above) prior to the Vesting DateFebruary 27, 2023, the Ownership Requirements as in effect at that time shall become applicable to you on the date of your promotion to Vice President (or above).

Appears in 1 contract

Samples: Award Agreement (Lockheed Martin Corp)

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Stock Ownership Requirements. Except where prohibited by law, by accepting this Award Agreement through the procedure described in Section 9, you acknowledge receipt of the Stock Ownership Requirements (“Ownership Requirements”) attached as Exhibit B and agree to comply with such Ownership Requirements as amended from time to time. If you are not a Vice President (or above) on the THE Award Date, but you are promoted to Vice President (or above) prior to the Vesting Date, the Ownership Requirements as in effect at that time shall become applicable to you on the date of your promotion to Vice President (or above).

Appears in 1 contract

Samples: Award Agreement (Lockheed Martin Corp)

Stock Ownership Requirements. Except where prohibited by law, by accepting this Award Agreement through the procedure described in Section 9, you acknowledge receipt of the Stock Ownership Requirements (“Ownership Requirements”) attached as Exhibit B and agree to comply with such Ownership Requirements as amended from time to time. If you are not a Vice President (or above) on the Award Date: February 21, 2019 February 21, 2019, but you are promoted to Vice President (or above) prior to the Vesting DateFebruary 21, 2022, the Ownership Requirements as in effect at that time shall become applicable to you on the date of your promotion to Vice President (or above).

Appears in 1 contract

Samples: Award Agreement (Lockheed Martin Corp)

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