Examples of Restricted Stock in a sentence
The purchase price of the shares of Restricted Stock shall be $0.00.
The Company hereby grants the Participant an Award of Restricted Stock Units covering the number of Shares set forth above (the “Units”) under the Plan, subject to the terms and conditions of the Plan and this Award Agreement.
The Restricted Stock is nontransferable by the Employee during the period described below and is subject to the risk of forfeiture as described below.
The Committee has been appointed by the Board of Directors and designated by it, as the Committee to make grants of Restricted Stock.
Prior to the time shares become transferable, the shares of Restricted Stock shall bear a legend indicating their nontransferability, and, subject to the terms of this Agreement, if the Employee terminates service as an employee of the Company prior to the time a restriction lapses, the Employee shall forfeit any shares of Restricted Stock which are still subject to the restrictions at the time of termination of such service.