Unrestricted Stock definition

Unrestricted Stock means an Award pursuant to Section 11 hereof.

Unrestricted Stock means Stock that is free of any restrictions.

Unrestricted Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

Examples of Unrestricted Stock in a sentence

• Notwithstanding anything to the contrary in this Agreement, in the event of a Change in Control at any time prior to the date on which the Restricted Stock Signing Bonus Grant shall become Unrestricted Stock as set forth in Paragraph 5, then all of the shares of the Restricted Stock Signing Bonus Grant shall immediately become Unrestricted Stock upon such Change in Control, and the Executive immediately shall own such shares free of all restrictions otherwise imposed by this Agreement.

• Subject to the provisions of Paragraph 6 of this Agreement, 50% of the Restricted Stock Signing Bonus Grant shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Unrestricted Stock”) on the first anniversary of the Grant Date, and the remainder of the Restricted Stock Signing Bonus Grant shall vest and become Unrestricted Stock on the second anniversary of the Grant Date.

• Notwithstanding anything to the contrary in the Plan or in this Agreement, in the event of a Change in Control at any time prior to the date on which the Restricted Stock shall become Unrestricted Stock as set forth in Paragraph 5, then all of the shares of Restricted Stock shall immediately become Unrestricted Stock, and the Participant immediately shall own such shares free of all restrictions otherwise imposed by this Agreement.

• Unrestricted Stock Awards may be granted in respect of past services or other valid consideration, or in lieu of cash compensation due to such grantee.

• The Company (or any affiliate) shall not have any duty or obligation to disclose affirmatively to a record or beneficial holder of Company stock, restricted stock or Unrestricted Stock, and such holder shall have no right to be advised of, any material information regarding the Company at any time prior to, upon or in connection with receipt of the Restricted Stock Signing Bonus Grant or any Unrestricted Stock.

More Definitions of Unrestricted Stock

Unrestricted Stock means an award of Stock granted to a Grantee pursuant to Section 12 hereof.

Unrestricted Stock means an Award of Stock not subject to restrictions described in Article 8 herein.

Unrestricted Stock means shares of Common Stock awarded to a Participant under Section 9(c).

Unrestricted Stock means an Award of Stock not subject to any restrictions under the Plan.

Unrestricted Stock means an Award pursuant to Section 12 hereof.

Unrestricted Stock means Shares issued under the Plan that are not subject to vesting, forfeiture or similar restrictions pursuant to the applicable Award Agreement. For the sake of clarity, Shares that are only subject to restrictions on transfer, right of first refusal, market stand-off and other similar restrictions shall not, by virtue of such restrictions, be deemed to be “Restricted Stock.”

Unrestricted Stock means one or more shares of Stock, awarded to a Grantee pursuant to Section 11 hereof.