Removal of Restrictions Contract Clauses (42)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Removal of Restrictions clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Removal of Restrictions. (a) Death, Disability, Certain Involuntary Terminations and Terminations following a Change in Control. At the time and on the date of the Grantee's death, Termination of Service due to Total and Permanent Disability, involuntary Termination of Service due to a general reduction in force or specific elimination of the Grantee's job, or Termination of Service for any reason following a Change in Control, while employed by the Company or a Subsidiary, all Units shall be vested and all other restri...ctions placed on the Units shall be removed. The Grantee, or his or her legal representatives, beneficiaries or heirs shall then be entitled to a distribution, as provided in Section 8 below, of shares of Common Stock equal in number to the number of Units set forth in Section 1 above. (b) Retirement. At the time and on the date of the Grantee's Retirement on or after becoming Retirement Eligible, no distribution of Units shall occur and the restrictions provided for in Section 2 above shall remain in place until such time as the Grantee, or his or her legal representatives, beneficiaries or heirs shall be entitled to a distribution, as provided in Section 8 below, of shares of Common Stock equal in number to the number of Units set forth in Section 1 above. View More
Found in Atmos Energy Corp contract
Removal of Restrictions. (a) Death, Disability, Certain Involuntary Terminations and Terminations following a Change in Control. At the time and on the date of the Grantee's death, Termination of Service due to Total and Permanent Disability, involuntary Termination of Service due to a general reduction in force or specific elimination of the Grantee's job, or Termination of Service for any reason following a Change in Control, while employed by the Company or a Subsidiary, all Units shall will be vested and all other r...estrictions placed on the Units shall will be removed. The Grantee, or his or her legal representatives, beneficiaries or heirs shall will then be entitled to a distribution, as provided in Section 8 below, of shares of Common Stock equal in number to the number of Units set forth in Section 1 above. (b) Retirement. At the time and on the date of the Grantee's Retirement on or after becoming Retirement Eligible, no distribution of Units shall occur and the restrictions provided for in Section 2 above shall remain in place until such time as the Grantee, or his or her legal representatives, beneficiaries or heirs shall be entitled to a distribution, as provided in Section 8 below, of shares of Common Stock equal in number to the number of Units set forth in Section 1 above. View More
Found in Atmos Energy Corp contract
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Removal of Restrictions. Upon expiration of the Performance Period, the Company will deliver to you the number of Vested Shares Equivalent, in the form of Earned Restricted Stock and/or Cash-Settled Equivalent, as applicable, computed in accordance with this Agreement. In conformity with its insider trading CIMAREX 2019 EQUITY INCENTIVE PLAN PERFORMANCE STOCK UNIT AGREEMENT Page | 3 of 8 policy, Cimarex may elect to electronically deliver the shares to your account at a brokerage firm selected by the Company. You shall ...forfeit and assign to the Company, without any consideration, any shares of Restricted Stock to which you are not entitled at the end of the Performance Period. View More
Found in Cimarex Energy contract
Removal of Restrictions. Upon expiration of the Performance Period, the Company will deliver to you the number of Vested Shares Equivalent, in the form of Earned Restricted Stock and/or Cash-Settled Equivalent, as applicable, computed in accordance with this Agreement. In conformity with its insider trading CIMAREX 2019 EQUITY INCENTIVE PLAN PERFORMANCE STOCK UNIT AGREEMENT Page | 3 of 8 policy, Cimarex may elect to electronically deliver the shares to your account at a brokerage firm selected by the Company. You shall ...forfeit and assign to the Company, without any consideration, any shares of Restricted Stock to which you are not entitled at the end of the Performance Period. View More
Found in Cimarex Energy contract
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