Restrictions Clause Example with 8 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. (a) You will have no rights or privileges of a Stockholder as to the Shares underlying the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or receive dividends or other distributions; in addition, the following terms will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs until Settlement (if at all), and upon the satisfaction of all other terms; (ii) you may not sell, transfer (other than by will or the laws of descent ...and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs or any rights under the RSUs before Settlement; (iii) you will forfeit all of the RSUs and all of your rights under the RSUs will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) below; and (iv) no Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. (b) Any attempt to dispose of the RSUs, any interest in the RSUs, or any Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. View More

Variations of a "Restrictions" Clause from Business Contracts

Restrictions. (a) You will have no all rights or and privileges of a Stockholder as to the Restricted Shares underlying upon the RSUs before settlement under Section 5 below ("Settlement"), Grant Date, including no the right to vote or and receive dividends or other distributions; in addition, dividends, except that the following terms restrictions will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs Restricted Shares until Settlement the expiration of the Restricted Per...iod (if at all), and upon the satisfaction of all other terms; (ii) you may not sell, transfer (other than by will or the laws of descent and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs Restricted Shares or any rights under the RSUs before Settlement; Restricted Shares during the Restricted Period; (iii) you will forfeit all of the RSUs Restricted Shares and all of your rights under the RSUs Restricted Shares will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) 9(j) below; (iv) any cash or in-kind dividends paid with respect to unvested Restricted Shares shall be withheld by the Company and (iv) shall be paid to you, without interest, only when, and if, such Restricted Shares shall become vested; and (v) no Restricted Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. Restricted Share. 2 (b) Any attempt to dispose of the RSUs, Restricted Shares or any interest in the RSUs, or any Restricted Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. View More
Restrictions. (a) You will have no all rights or and privileges of a Stockholder as to the Shares underlying Restricted Shares, including the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or and receive dividends or other distributions; in addition, dividends, except that the following terms restrictions will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs Restricted Shares until Settlement the expiration of the Restricted Period... (if at all), and upon the satisfaction of all other terms; (ii) you may not sell, transfer (other than by will or the laws of descent and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs or any rights under Restricted Shares during the RSUs before Settlement; Restricted Period; and (iii) you will forfeit all of the RSUs Restricted Shares and all of your rights under the RSUs Restricted Shares will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) below; and (iv) no Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. below. (b) Any attempt to dispose of the RSUs, Restricted Shares or any interest in the RSUs, or any Restricted Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. 2 (c) Any Shares (whether Restricted Shares or vested Shares) delivered under the Award will be subject to the rights of the Company and its Affiliates under Sections 17.4 through 17.8 of the Plan (including rights of first refusal, rights of repurchase, and drag-along rights, and stockholders' agreement and market standoff requirements) (or any successor provisions) and the transfer restrictions under Section 17.14 of the Plan (or any successor provision). View More
Restrictions. (a) You will have no all rights or and privileges of a Stockholder as to the Restricted Shares underlying upon the RSUs before settlement under Section 5 below ("Settlement"), Grant Date, including no the right to vote or and receive dividends or other distributions; in addition, dividends, except that the following terms restrictions will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs Restricted Shares until Settlement the expiration of the Restricted Per...iod (if at all), and upon the satisfaction of all other terms; (ii) you may not sell, transfer (other than by will or the laws of descent and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs Restricted Shares or any rights under the RSUs before Settlement; Restricted Shares during the Restricted Period; (iii) you will forfeit all of the RSUs Restricted Shares and all of your rights under the RSUs Restricted Shares will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) 9(j) below; and (iv) no Restricted Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. Restricted Share. (b) Any attempt to dispose of the RSUs, Restricted Shares or any interest in the RSUs, or any Restricted Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. View More
Restrictions. (a) You will have no all rights or and privileges of a Stockholder as to the Shares underlying Restricted Shares, including the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or and receive dividends or other distributions; in addition, dividends, except that the following terms restrictions will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs Restricted Shares until Settlement the expiration of the Restricted Period... (if at all), and upon the satisfaction of all other terms; (ii) you may not sell, transfer (other than by will or the laws of descent and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs Restricted Shares or any rights under the RSUs before Settlement; Restricted Shares during the Restricted Period; and (iii) you will forfeit all of the RSUs Restricted Shares and all of your rights under the RSUs Restricted Shares will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) below; and (iv) no Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. 9(j) below. (b) Any attempt to dispose of the RSUs, Restricted Shares or any interest in the RSUs, or any Restricted Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. View More
Restrictions. (a) You will have no rights or privileges of a Stockholder as to the Shares underlying the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or receive dividends or other distributions; in addition, the following terms will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs until Settlement (if at all), and upon the satisfaction of all other terms; (ii) you may not sell, transfer (other than by will or the laws of descent ...and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs or any rights under the RSUs before Settlement; and (iii) you will forfeit all of the RSUs and all of your rights under the RSUs will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) below; and (iv) no Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. below. (b) Any attempt to dispose of the RSUs, RSUs or any interest in the RSUs, or any Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. (c) Any Shares delivered under the Award will be subject to the rights of the Company and its Affiliates under Sections 17.4 through 17.8 of the Plan (including rights of first refusal, rights of repurchase, and drag-along rights, and stockholders' agreement and market standoff requirements) (or any successor provisions) and the transfer restrictions under Section 17.14 of the Plan (or any successor provision). View More
Restrictions. (a) You will have no rights or privileges of a Stockholder as to the Shares underlying the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or receive dividends or other distributions; distributions except as set forth under Section 2(a)(iv) below; in addition, the following terms will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs until Settlement (if at all), and upon the satisfaction of all other terms; (ii) you ma...y not sell, transfer (other than by will or the laws of descent and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs or any rights under the RSUs before Settlement; (iii) you will forfeit all of the RSUs and all of your rights under the RSUs will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) below; and (iv) no Share underlying an each RSU will be considered earned until credited with cash and stock dividends, if any, paid by the end Company in respect of one Share ("Dividend Equivalents"), and any such Dividend Equivalents will be paid at the Restricted Period same time in the same form as dividends paid to current Stockholders, as long as you do not incur a Separation from Service before the applicable to the RSU. dividend payment date. (b) Any attempt to dispose of the RSUs, RSUs or any interest in the RSUs, or any Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. View More
Restrictions. (a) You will have no rights or privileges of a Stockholder as to the Shares underlying the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or receive dividends or other distributions; in addition, the following terms will apply: (i) you will not be entitled to delivery of any Share certificates for the RSUs until Settlement (if at all), and upon the satisfaction of all other terms; (ii) you may not sell, transfer (other than by will or the laws of descent ...and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs or any rights under the RSUs before Settlement; (iii) you will forfeit all of the RSUs and all of your rights under the RSUs will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) below; and (iv) no Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. (b) Any attempt to dispose of the RSUs, any interest in the RSUs, or any Shares in respect of the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect. 5 3. Restricted Period and Payment. The "Restricted Period" is the period beginning on the Grant Date and ending on the date the RSUs, or such applicable portion of the RSUs, are deemed earned and payable under the terms set forth in the table at the beginning of this Agreement. Notwithstanding the foregoing, no RSUs will be considered earned and payable until the later of (i) the date(s) set forth in the table at the beginning of this Agreement and (ii) the date this Agreement is approved by a majority of the stockholders of the Company at the annual stockholder meeting in 2021. View More
Restrictions. (a) You (a)You will have no rights or privileges of a Stockholder as to the Shares underlying the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or receive dividends or other distributions; in addition, the following terms provisions will apply: (i) you (i)you will not be entitled to delivery of any Share certificates for the RSUs until Settlement (if at all), and upon the satisfaction of all other terms; (ii) you (ii)you may not sell, transfer (other tha...n by will or the laws of descent and distribution), assign, pledge, or otherwise encumber or dispose of the RSUs or any rights under the RSUs before Settlement; (iii) you and (iii)you will forfeit all of the RSUs and all of your rights under the RSUs will terminate in their entirety on the terms set forth in Section 4 below and Section 10(j) below; and (iv) no Share underlying an RSU will be considered earned until the end of the Restricted Period applicable to the RSU. (b) Any below. (b)Any attempt to dispose of the RSUs, RSUs or any interest in the RSUs, or any Shares in respect of the RSUs in a manner contrary to the terms of restrictions set forth in this Agreement will be void and of no effect. View More