Common use of Treatment of Company Restricted Stock Clause in Contracts

Treatment of Company Restricted Stock. The Company shall take all actions necessary to provide that, as of the Effective Time, (i) all restrictions upon each outstanding share of restricted stock that has been granted under the Company LTIP shall terminate, (ii) each such share of restricted stock shall be converted into the right to receive the Cash Merger Consideration payable in respect of a share of Company Common Stock, and (iii) each share of restricted stock shall be canceled.

Treatment of Company Restricted Stock. The Company shall take all actions necessary to provide that, as of the Effective Time, (i) all restrictions upon each outstanding share of restricted stock that has been granted under the Company LTIP shall terminate, (ii) each such share of restricted stock shall be converted into the right to receive the per share Cash Merger Consideration payable in respect of a share of Company Common StockConsideration, and (iii) each share of restricted stock shall be canceled.