Lapse of Restrictions Clause Example with 6 Variations from Business Contracts

This page contains Lapse of Restrictions clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Lapse of Restrictions. Subject to the provisions of Section 6 below: (a) Passage of Time. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third of the Shares will lapse on each of the first three anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions. (b) Retirement. Upon the Employee's Termination due to Retirement, any Restrictions remaining after the date of such Retirement shall con...tinue to lapse on the anniversaries of the Grant Date as set forth in subsection 4(a) above. (c) Death. The Restrictions shall lapse on the date of the Employee's Termination due to death. (d) Disability. The Restrictions shall lapse on the date the Employee incurs twelve consecutive months of Disability. View More
Found in Abbott Laboratories contract

Variations of a "Lapse of Restrictions" Clause from Business Contracts

Lapse of Restrictions. Subject to the provisions of Section Sections 5 and 6 below: (a) Passage of Time. During Employment. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third 100% of the Shares will lapse on each of the first three anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions. Date. 2 (b) Retirement. Upon the Employee's Termination due to Retirement, any Restrictions remain...ing after the date of such Retirement shall continue to lapse on the anniversaries of the Grant Date as set forth in subsection 4(a) above. (c) Death. The Restrictions shall lapse on the date of the Employee's Termination due to death. (d) (c) Disability. The Restrictions shall lapse on the date the Employee incurs twelve 12 consecutive months of Disability. View More
Found in Abbott Laboratories contract
Lapse of Restrictions. Subject to the provisions of Section Sections 5, 6 and 7 below: (a) Passage of Time. During Employment. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third 100% of the Shares will lapse on each of the first three anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions. Date. (b) Retirement. Upon the Employee's Termination due to Retirement, any Restrictions remai...ning after the date of such Retirement shall continue to lapse on the anniversaries of the Grant Date as set forth in subsection 4(a) above. (c) Death. The Restrictions shall lapse on the date of the Employee's Termination due to death. (d) (c) Disability. The Restrictions shall lapse on the date the Employee incurs twelve 12 consecutive months of Disability. View More
Found in Abbott Laboratories contract
Lapse of Restrictions. Subject to the provisions of Section 6 5 below: (a) Passage of Time. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third 100% of the Shares will lapse on each of the first three anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions. Date. (b) Retirement. Upon the Employee's Termination due to Retirement, any Restrictions remaining after the date of such Retirem...ent shall continue to lapse on the anniversaries of the Grant Date as set forth in subsection 4(a) above. (c) Death. The Restrictions shall lapse on the date of the Employee's Termination due to death. (d) 2 (c) Disability. The Restrictions shall lapse on the date the Employee incurs twelve consecutive months of Disability. View More
Found in Abbott Laboratories contract
Lapse of Restrictions. Subject to the provisions of Section 6 below: (a) Passage of Time. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third 100% of the Shares will lapse on each of the first three anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions. Date. (b) Retirement. Upon the Employee's Termination due to Retirement, any Restrictions remaining after the date of such Retiremen...t shall continue to lapse on the anniversaries of the Grant Date as set forth in subsection 4(a) above. (c) Death. The Restrictions shall lapse on the date of the Employee's Termination due to death. (d) (c) Disability. The Restrictions shall lapse on the date the Employee incurs twelve consecutive months of Disability. View More
Found in Abbott Laboratories contract
Lapse of Restrictions. Subject to the provisions of Section Sections 5 and 6 below: (a) Passage of Time. During Employment. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third of the Shares will lapse on each of the first three (3) anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions. 3 (b) Retirement. Upon If the Employee's Termination occurs due to Retirement, then any Restriction...s remaining after the date of such Retirement shall continue to lapse on the anniversaries of the Grant Date as set forth in subsection 4(a) above. above as if the Employee had remained employed on such dates. (c) Death. The Restrictions shall lapse on the date of the Employee's Termination due to death. (d) Disability. The Restrictions shall lapse on the date the Employee incurs twelve 12 consecutive months of Disability. View More
Found in Abbott Laboratories contract
Lapse of Restrictions. Subject to the provisions of Section Sections 5, 6 and 7 below: (a) Passage of Time. During Employment. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third of the Shares will lapse on each of the first three (3) anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions. (b) Retirement. Upon If the Employee's Termination occurs due to Retirement, then any Restrictio...ns remaining after the date of such Retirement shall continue to lapse on the anniversaries of the Grant Date as set forth in subsection 4(a) above. above as if the Employee had remained employed on such dates. (c) Death. The Restrictions shall lapse on the date of the Employee's Termination due to death. (d) Disability. The Restrictions shall lapse on the date the Employee incurs twelve 12 consecutive months of Disability. View More
Found in Abbott Laboratories contract