Additional Restriction Period definition

Additional Restriction Period means the […***…] period immediately following the expiration of the Initial Restriction Period; provided, however, that ST sells and ships to a third party (other than an Affiliate) at least […***…] units of Products during each […***…] period commencing on […***…] and thereafter upon each […***…] until expiration of such […***…]. For the purposes of clarification, if ST does not ship and sell at least […***…] units of Product in any such […***…]. Notwithstanding any other provision in his Agreement, the Exclusive Period shall immediately and automatically terminate in the event (i) the relationship of the parties under this Agreement for ST and the Affiliates to manufacture and sell the Products is […***…], and (ii) […***…].
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Additional Restriction Period means the […***…] period immediately following the expiration of the Initial Restriction Period; provided, however, that […***…]. Notwithstanding any other provision in his Agreement, the Exclusive Period shall immediately and automatically terminate in the event (i) […***…].
Sample 1

Examples of Additional Restriction Period in a sentence

  • Notwithstanding the vesting of Shares and your right to sell or transfer a portion of the Shares during the Additional Restriction Period, you agree that you will not sell or otherwise transfer Shares if the consequence of such sale or transfer would reduce your total Common Stock ownership below such minimum ownership guidelines or requirements as they may exist at the time you would otherwise wish to sell or transfer Shares.

  • Vesting will occur only if you have continuously been an employee of an Employer from the Grant Date through the vesting date; provided, however, that notwithstanding the foregoing, Shares that comprise the Recognition Award that are unvested as of the date of your termination of employment with an Employer by reason of your death or Disability shall vest immediately upon such termination, and the Restriction Period and Additional Restriction Period applicable to all such Shares shall expire.

  • Notwithstanding anything to the contrary in the foregoing, all unvested Shares shall become 100% vested upon the occurrence of a Change of Control if you are an employee of an Employer at the time a Change of Control occurs, and the Restriction Period and Additional Restriction Period applicable to all such Shares shall expire.

  • Subject to limitations on transfer during the Additional Restriction Period, on each such vesting date, you will obtain unrestricted ownership of the Shares that vest on such vesting date.

  • CFC IPA acknowledges that the Buyer Parent Shares will not be eligible for offer, resale, transfer, pledge or disposition pursuant to Rule 144 promulgated under the Securities Act (“Rule 144”) until after the Additional Restriction Period expires.

  • CFC IPA also acknowledges that if a holder of the Buyer Parent Shares is an “affiliate” of Buyer Parent following the Additional Restriction Period, any sales made by such holder also shall be subject to the limitations applicable to sales by an “affiliate” of Buyer Parent under Rule 144.

  • Dr. Sanders, Superintendent, and Dr. Williams, Deputy Superintendent of Operations, reviewed the Determination of the 2022 Tax Levy and were available to respond to questions from the Board of Education.

Related to Additional Restriction Period

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Payment Restriction shall have the meaning set forth in Section 6.1.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Restriction Period means any period designated by the Committee during which (i) the Common Stock subject to a Restricted Stock Award may not be sold, transferred, assigned, pledged, hypothecated or otherwise encumbered or disposed of, except as provided in this Plan or the Agreement relating to such award, or (ii) the conditions to vesting applicable to a Restricted Stock Unit Award shall remain in effect.

  • Period of Restriction means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Investment Restrictions means the investment restrictions of the Fund as set forth in the Declaration of Trust including, without limitation, those described in section 2.0 of this Annual Information Form.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of (i) the close of the fifth business day after the Sale Date ( ), or (ii) the date on which the Underwriter has sold at least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the-Offering-Price Maturity.

  • Age-restricted unit means a housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population such that: 1) all the residents of the development wherein the unit is situated are 62 years of age or older; or 2) at least 80 percent of the units are occupied by one person who is 55 years of age or older; or 3) the development has been designated by the Secretary of the U.S. Department of Housing and Urban Development as “housing for older persons” as defined in Section 807(b)(2) of the Fair Housing Act, 42 U.S.C. § 3607.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • SEC Restrictions has the meaning set forth in Section 2(b).

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Founder Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or earlier if, subsequent to the Company’s initial Business Combination, the last sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (B) the consummation by the Company of any subsequent liquidation, merger, stock exchange or other similar transaction, which results in all of the Company’s stockholders having the right to exchange their shares of the Common Stock for cash, securities or other property.

  • Initial compliance period means the first full three-year compliance period which begins at least 18 months after promulgation, except for the following contaminants: Dichloromethane; 1,2,4-Trichlorobenzene; 1,1,2- Trichloroethane; Benzo[a]pyrene; Dalapon; Di(2-ethylhexyl adipate; Di(2-ethylhexyl) phthalate; Dinoseb; Diquat; Endothall; Endrin; Glyphosate; Hexachlorobenzene; Hexachlorocyclopentadiene; Oxamyl (Vydate); Picloram; Simazine; 2,3,7,8-TCDD (Dioxin); Antimony; Beryllium; Cyanide; Nickel; and Thallium, initial compliance period means the first full three-year compliance period after promulgation for systems with 150 or more service connections (January 1993 -December 1995) and first full three-year compliance period after the effective date of regulation (January 1996 - December 1998) for systems having fewer than 150 service connections.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination or (B) subsequent to the Business Combination, (x) if the last sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • Company Restricted Shares means shares of Company Common Stock granted under a Company Equity Plan, or issued upon “early exercise” of an option granted under a Company Equity Plan, that remain subject to one or more unsatisfied vesting or vesting-equivalent forfeiture or repurchase conditions.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.