Release of Restrictions. Upon vesting of any portion of the shares of Restricted Stock and satisfaction of any other conditions required by the Plan or pursuant to this Restricted Stock Agreement, the Company shall promptly either issue a stock certificate, without such restricted legend, for any shares of the Restricted Stock that have vested, or, if the shares are held in book entry form, the Company shall remove the notations on the book form for any shares of the Restricted Stock that have vested.
Release of Restrictions. Subject to the provisions of paragraphs 2 and 5, the restrictions described in paragraph 3 above shall be released with respect to 100% of the Award Shares on July 31, 2024, except as follows:
Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to the Award Shares on the first anniversary of the Date of Award, except as follows:
Release of Restrictions. 5.1. Owner may request release of any or all of the conditions or restrictions contained in this EES by submitting such request to the DEQ in writing with evidence that the conditions or restrictions are no longer necessary to protect human health and the environment. The decision to release any or all of the conditions or restrictions in this EES will be within the sole discretion of DEQ.
Release of Restrictions. Effective eighteen (18) months following the ----------------------- Closing and every six (6) months thereafter, until all of such Stockholder's Restricted Shares shall have been released from such restrictions, 20% of the original number of Restricted Shares of each Stockholder shall no longer be subject to the restrictions set forth in Section 12.1 and shall no longer be ------------ deemed Restricted Shares for any purposes of this Agreement provided, that, if a -------- ---- Stockholder's employment with CenterPoint or its subsidiaries is terminated within thirty (30) months of the Closing other than through death, disability, retirement, without Cause (as defined in such Stockholder's employment agreement with the Company of even date) or due to circumstances approved by the Company's management or reasonably approved by CenterPoint's Chief Executive Officer, the Restricted Shares held by such Stockholder shall remain subject to the restrictions set forth in Section 12.1 until the fifth anniversary of the ------------ Closing Date. Notwithstanding the foregoing and Section 12.1, a Stockholder may ------------ (x) at any time pledge or encumber all or part of such Stockholder's Restricted Shares, provided that the pledgee or secured party agrees in writing to be bound by the provisions contained in Article XII, (y) at any time transfer all or part ----------- of such Stockholder's Restricted Shares to another Stockholder or to an immediate family member (or trust or other estate planning Person), provided, -------- that, any such Stockholder, family member or other Person agrees in writing to ---- be bound by the provisions contained in Article XII, and (z) transfer or cause ----------- to be transferred such Stockholder's Restricted Shares upon such Stockholder's disability or death. As used in this Section 12.2, the terms "disability" and ------------ "retirement" shall have the meaning ascribed to them in CenterPoint's Employee Incentive Compensation Plan. No attempted transfer of any nature whatsoever that is in violation of this Section shall be treated as effective for any purpose.
Release of Restrictions. (A) The restrictions set forth in Section 2 above shall lapse as follows:
Release of Restrictions. A. Except as provided in Sections 3(B) and 4, and subject to the Grantee’s continued employment with the Company and its Related Entities, the restrictions on the Award Shares shall lapse and the Award Shares shall vest as described on Exhibit A.
Release of Restrictions. Subject to the provisions of paragraph 4 below, the restrictions described in paragraph 2 above shall be released with respect to 50% of the Award Shares on May 31, 2017 and 50% of the Award Shares on May 31, 2018, except as follows:
Release of Restrictions. The restrictions set forth in Section 2 shall lapse as to one hundred percent (100%) of the Award Shares on February 7, 2004 (the "Lapse Date") if Grantee is employed by the Company on such date. Notwithstanding the foregoing, all restrictions set forth in Section 2 shall lapse if Grantee's employment with the Company terminates as a result of Involuntary Termination or Constructive Termination during the twelve (12) month period following a Change in Control occurring on or before the Lapse Date. For purposes of this Agreement, "Involuntary Termination", "Constructive Termination" and "Change in Control" shall have the meanings ascribed to such terms in the Employment Agreement between the Company and Grantee dated of even date herewith (the "Employment Agreement").
Release of Restrictions. Borrowers shall use their good faith, commercially reasonable efforts to obtain all necessary consents from all Persons in whose favor or for whose benefit Contractual Obligations are in effect which would be violated by (i) a pledge of the Capital Stock of any Subsidiary of a Borrower, (ii) entry into a Borrower Joinder Agreement by a Subsidiary which is not already a Borrower, or (iii) granting a Lien on substantially all of the assets of a Subsidiary. The foregoing efforts shall be exercised so as to obtain such consents as soon as practicable but no later than 90 days after the Closing Date.
