Lapse of Restrictions; Restricted Period. The restrictions set forth above shall lapse and the Restricted Stock shall become freely transferable (provided, that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as set forth in this Section 2(b) and on Exhibit A.
Lapse of Restrictions; Restricted Period. The restrictions set forth above shall lapse and the LTIP Units shall become freely transferable (provided, that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as set forth in this Section 2(b) and on Exhibit B.
Lapse of Restrictions; Restricted Period. Except as provided in Sections 3 and 5 below, the restrictions set forth in Section 1 above shall lapse and all of the Restricted Shares shall become unrestricted and freely tradable on May 20, 2011, if Recipient is a member of the board of trustees of the Company or any of its affiliates.
Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows: (i) 25% of the Restricted Shares on February 23, 2011; (ii) 25% of the Restricted Shares on February 23, 2012; (iii) 25% of the Restricted Shares on February 23, 2013; and (iv) 25% of the Restricted Shares on February 23, 2014.
Lapse of Restrictions; Restricted Period. The restrictions set forth above shall lapse and the Restricted Stock shall become freely transferable (provided, that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as follows: as to twenty five percent (25%) of the Restricted Stock on [______________]; as to twenty five percent (25%) of the Restricted Stock on [______________]; as to twenty five percent (25%) of the Restricted Stock on [______________]; and as to twenty five percent (25%) of the Restricted Stock on [______________] (the “Restricted Period”). In order to enforce the foregoing restrictions, the Board may (i) require that the certificates representing the shares of Restricted Stock remain in the physical custody of the Company or in book entry until any or all of such restrictions expire or have been removed, and (ii) may cause a legend or legends to be placed on the certificates which make appropriate reference to the restrictions imposed under the Plan.
Lapse of Restrictions; Restricted Period. Except as provided in Sections 3 and 5 below, the restrictions set forth in Section 1 above shall lapse and all of the Restricted Shares shall become unrestricted and freely tradable on the earlier of (i) , 20 , or (ii) the date of the next annual shareholders meeting of the Company, if Recipient is a member of the board of trustees of the Company or any of its affiliates on such date.
Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable only as follows: (i) 25% of the Restricted Shares on the day (the “First Measurement Date”) on which the Total Return to the Company’s shareholders for the period beginning , 200 through the First Measurement Date shall equal at least % for ten (10) consecutive Business Days; provided, however, the First Measurement Date shall not occur later than , 20 ;
Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, if any, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows:
Lapse of Restrictions; Restricted Period. The restrictions set forth above shall lapse and the Restricted Stock shall become freely transferable (provided that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as follows: as to percent (_%) of the Restricted Stock on ; as to percent (_%) of the Restricted Stock on ; as to percent (_%) of the Restricted Stock on ; and as to percent (_%) of the Restricted Stock on (the “Restricted Period”). In order to enforce the foregoing restrictions, the Board may (i) require that the certificates representing the shares of Restricted Stock remain in the physical custody of the Company or in book entry until any or all of such restrictions expire or have been removed, and (ii) may cause a legend or legends to be placed on the certificates which make appropriate reference to the restrictions imposed under the Plan.
Lapse of Restrictions; Restricted Period. The restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable only as follows: (i) one-third of the Restricted Shares shall become nonforfeitable and transferable on the date hereof, (ii) one-third of the Restricted Shares shall become unrestricted and freely tradable on July __, 2010 and (iii) one-third of the Restricted Shares shall become unrestricted and freely tradable on July __, 2011 (collectively, the “Restricted Period”).
