Restrictions Clause Example with Variations from Business Contracts

This page contains 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.
Restrictions. Subject to the Grantee's continued employment with the Company or an affiliate thereof, and except as otherwise provided herein or in the Plan, the RSUs Awarded shall vest and become nonforfeitable only as set forth in the following table:Years from Date of Grant Vested Percentage of RSUs AwardedAfter 11 Months 100% The period of time during which the RSUs Awarded are forfeitable is referred to as the "Restricted Period". If the Grantee's employment with the Company or one of its subsidiaries... terminates during the Restricted Period, the unvested RSUs Awarded shall be forfeited to the Company on the date of such termination, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unvested RSUs Awarded shall terminate. Notwithstanding the foregoing, in the event that Grantee's employment with the Company shall cease because of Grantee's death, the RSUs Awarded shall immediately become fully vested. Further, in the event that Grantee's employment with the Company shall cease because of retirement after age 60, or disability, the Committee or its designee may, in its discretion, determine that the RSUs Awarded, or a portion thereof, shall become fully vested. View More Arrow
Found in Actuant Corporation contract

Variations of a "Restrictions" Clause from Business Contracts

Restrictions. Subject to the Grantee's continued employment with service as a member of the Board of Directors of the Company or an affiliate thereof, (a "Director") and except as otherwise provided herein or in the Plan, the RSUs RSAs Awarded shall vest and become nonforfeitable only as set forth in the following table:Years table: Months from Date of Grant Vested Percentage of RSUs AwardedAfter 11 Months 100% The period of time during which the RSUs RSAs Awarded are forfeitable not vested, and therefore... are forfeitable, is referred to as the "Restricted Period". If the Grantee's employment with the Company or one of its subsidiaries service as a Director terminates during the Restricted Period, the unvested RSUs RSAs Awarded shall be forfeited to the Company on the date of such termination, termination of service, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unvested RSUs RSAs Awarded shall terminate. Notwithstanding the foregoing, in the event that the Grantee's employment with the Company shall cease service as a Director is terminated because of the Grantee's death, the RSUs RSAs Awarded shall immediately become fully vested. vested and nonforfeitable. Further, in the event that Grantee's employment with the Company shall cease Grantee terminates service as a Director because of retirement after age 60, or disability, the Committee or its designee may, in its discretion, determine that the RSUs RSAs Awarded, or a portion thereof, shall immediately become fully vested. vested and nofrofeitable. View More Arrow
Found in Actuant Corporation contract
Restrictions. Subject to the Grantee's continued employment with service as a member of the Board of Directors of the Company or an affiliate thereof, (a "Director") and except as otherwise provided herein or in the Plan, the RSUs RSAs Awarded shall vest and become nonforfeitable only as set forth in the following table:Years table: Months from Date of Grant Vested Percentage of RSUs AwardedAfter 11 Months 100% The 100%The period of time during which the RSUs RSAs Awarded are forfeitable not vested, and... therefore are forfeitable, is referred to as the "Restricted Period". If the Grantee's employment with the Company or one of its subsidiaries service as a Director terminates during the Restricted Period, the unvested RSUs RSAs Awarded shall be forfeited to the Company on the date of such termination, termination of service, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unvested RSUs RSAs Awarded shall terminate. Notwithstanding the foregoing, in the event that the Grantee's employment with the Company shall cease service as a Director is terminated because of the Grantee's death, the RSUs RSAs Awarded shall immediately become fully vested. Further, in the event that Grantee's employment with the Company shall cease Grantee terminates service as a Director because of retirement after age 60, or disability, the Committee or its designee may, in its discretion, determine that the RSUs RSAs Awarded, or a portion thereof, shall immediately become fully vested. View More Arrow
Found in Actuant Corporation contract
Restrictions. Subject to the Grantee's continued employment with the Company or an affiliate thereof, thereof and/or continued service as a member of the Board of Directors of the Company or an affiliate thereof (a "Director") and except as otherwise provided herein or in the Plan, the RSUs Awarded shall vest and become nonforfeitable only as set forth in three years following the following table:Years from Date of Grant Vested Percentage of RSUs AwardedAfter 11 Months 100% The Grant.The period of time... during which the RSUs Awarded are forfeitable is referred to as the "Restricted Period". If the Grantee's employment with the Company or one of its subsidiaries an affiliate thereof or service as a Director terminates during the Restricted Period, the unvested RSUs Awarded shall be forfeited to the Company on the date of such termination, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unvested RSUs 8 Awarded shall terminate. Notwithstanding the foregoing, in the event that Grantee's employment with the Company or an affiliate thereof or service as a Director shall cease because of Grantee's death, death or total or permanent disability, the RSUs Awarded shall immediately become fully vested. vested and nonforfeitable. Further, in the event that the Company or an affiliate thereof terminates Grantee's employment for any reason other than "for Cause" (as defined in Grantee's Change in Control Agreement with the Company shall cease because of retirement after age 60, dated August 24, 2015) or disability, the Committee or its designee may, in its discretion, determine that Grantee ceases to be a Director, whichever occurs later, the RSUs Awarded, or a portion thereof, Awarded shall immediately become fully vested. vested and nonforfeitable. View More Arrow
Found in Actuant Corporation contract
Restrictions. Subject to the Grantee's continued employment with service as a member of the Board of Directors of the Company or an affiliate thereof, (a "Director"), and except as otherwise provided herein or in the Plan, the RSUs Awarded shall vest and become nonforfeitable only as set forth in the following table:Years table: Years from Date of Grant Vested Percentage of RSUs AwardedAfter 11 Months 100% The period of time during which the RSUs Awarded are forfeitable is referred to as the "Restricted... Period". If the Grantee's employment with the Company or one of its subsidiaries service as a Director terminates during the Restricted Period, the unvested RSUs Awarded shall be forfeited to the Company on the date of such termination, termination of service, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unvested RSUs Awarded shall terminate. Notwithstanding the foregoing, in the event that Grantee's employment with the Company service as a Director shall cease because of Grantee's death, the RSUs Awarded shall immediately become fully vested. vested and nonforfeitable. Further, in the event that Grantee's employment with the Company service as a Director shall cease because of retirement after age 60, or disability, the Committee or its designee may, in its discretion, determine that the RSUs Awarded, or a portion thereof, shall become fully vested. vested and nonforfeitable. View More Arrow
Found in Actuant Corporation contract
Restrictions. Subject to the Grantee's continued employment with the Company or an affiliate thereof, and except as otherwise provided herein or in the Plan, the RSUs RSAs Awarded shall vest and become nonforfeitable only as set forth in the following table:Years table: Years from Date of Grant Vested Percentage of RSUs RSAs AwardedAfter 11 Months 100% The Three Years 50%After Five Years 100%The period of time during which the RSUs RSAs Awarded are forfeitable is referred to as the "Restricted Period". If... the Grantee's employment with the Company or one of its subsidiaries terminates during the Restricted Period, the unvested RSUs RSAs Awarded shall be forfeited to the Company on the date of such termination, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unvested RSUs RSAs Awarded shall terminate. Notwithstanding the foregoing, in the event that the Grantee's employment with the Company shall cease because of the Grantee's death, the RSUs RSAs Awarded shall immediately become fully vested. Further, in the event that the Grantee's employment with the Company shall cease because of retirement after age 60, or disability, the Committee or its designee may, in its discretion, determine that the RSUs RSAs Awarded, or a portion thereof, shall become fully vested. View More Arrow
Found in Actuant Corporation contract
Restrictions. Subject to the Grantee's continued employment with the Company or an affiliate thereof, and except as otherwise provided herein or in the Plan, the RSUs Awarded shall vest and become nonforfeitable only as set forth in the following table:Years from Date of Grant Cumulative Vested Percentage of RSUs AwardedAfter 11 Months 100% One Year 33.3%After Two Years 66.6%After Three Years 100.0% The period of time during which the RSUs Awarded are forfeitable is referred to as the "Restricted Period". If... the Grantee's employment with the Company or one of its subsidiaries terminates during the Restricted Period, the unvested RSUs Awarded shall be forfeited to the Company on the date of such termination, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unvested RSUs Awarded shall terminate. Notwithstanding the foregoing, in the event that Grantee's employment with the Company shall cease because of Grantee's death, the RSUs Awarded shall immediately become fully vested. vested and nonforfeitable. Further, in the event that Grantee's the employment with the Company shall cease of a Grantee ceases because of retirement after age 60, or disability, the Committee or its designee may, in its discretion, determine that the RSUs Awarded, or a portion thereof, shall immediately become fully vested. vested and nonforfeitable. View More Arrow
Found in Actuant Corporation contract