Closed Period definition
Examples of Closed Period in a sentence
Shares also cannot be sold or transferred during the Closed Period.
Prior to the beginning of each Closed Period, the resident must comply with the administrative signout/checkout procedure.
Except as otherwise provided herein and in the Plan, awards granted under this Agreement shall become freely transferable by Grantee after the Date of Lapse of Restrictions; provided, however, that Restricted Stock granted hereunder may not be sold by the Grantee during a Closed Period, as more fully set forth in the Plan.
The existence of the Closed Period shall not extend the Term or release the parties from their obligations hereunder.
However, if that date falls in a Closed Period, the Release Date will be the first business day following the end of that Closed Period.