Examples of Underlying Restricted Stock in a sentence
The Grant Date of each share of Adjusted Restricted Stock shall be deemed to be the date the Underlying Restricted Stock was granted pursuant to the Sprint 1997 LTIP as set forth in the underlying Restricted Stock award agreement.
Each share of Adjusted Restricted Stock shall have the same terms and conditions relating to nontransferability and risk of forfeiture as the Underlying Restricted Stock.
Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant, pursuant to the Plan, the Number of Shares Underlying Restricted Stock Units set forth in the Grant Notice (the “Restricted Stock Units”).
The restrictions on the Adjusted Restricted Stock shall lapse in accordance with the same time schedule and in proportion to the Underlying Restricted Stock pursuant to the Underlying Restricted Stock award agreement.
Pursuant to the EMA, each Converted Employee or Embarq Employee on serial severance at the Distribution Time holding Underlying Restricted Stock shall receive, pursuant to the EMA and this Addendum, Adjusted Restricted Stock and, except as provided in the next sentence, shall be treated in the same manner at the Distribution Date as any other holder of outstanding shares of Sprint common stock.
Unless specified otherwise with respect to the Underlying Restricted Stock, the terms set forth in this Section 6 shall apply to all Adjusted Restricted Stock granted to Converted Employees or Embarq Employees on serial severance in connection with the Distribution and subject to the terms and conditions of this Plan.
Except as otherwise expressly provided in any written agreement entered into prior to January 1, 2006 between Sprint Nextel and any person who holds Sprint Restricted Stock, the Adjusted Restricted Stock shall be subject to the same terms, conditions and restrictions as the related Underlying Restricted Stock.
Such lapse of restrictions on Adjusted Restricted Stock shall accelerate only upon, and in accordance with, the acceleration of the lapse of restrictions upon the Underlying Restricted Stock as provided in the Underlying Restricted Stock award agreement.
XXXXX 8 SCHEDULE I SHAREHOLDERS OF COMPUTER NETWORK TECHNOLGY CORPORATION Shareholder Name Number of Shares of Common Stock Held Number of Shares of Common Stock Underlying Company Convertible Notes Held Number of Shares of Common Stock Underlying Options Held Number of Shares of Common Stock Underlying Restricted Stock Units and Deferred Stock Units Held Percentage of Ownership (on a Fully-Diluted Basis) Address XXXXXX X.