Applicable Restrictions. (a) Beginning on the Date of Grant, you shall have all rights and privileges of a stockholder of the Company with respect to the Restricted Shares except as follows (the “Restrictions”): (i) dividends and other distributions declared and paid with respect to the Restricted Shares before they vest shall be subject to Paragraph 3(c); (ii) none of the Restricted Shares may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of before they vest other than by will or the laws of descent and distribution; and (iii) all or a portion of the Restricted Shares may be forfeited in accordance with Section 6. (b) Any attempt to dispose of Restricted Shares in a manner contrary to the Restrictions shall be void and of no effect. (c) If the Company declares and pays a dividend or other distribution on its common stock, the Company shall retain custody of all such dividends and distributions made or declared with respect to any unvested Restricted Shares. The Company shall not be required to segregate any such retained dividends or distributions. At the time Restricted Shares vest, the Company shall * Unless the context indicates otherwise, terms that are not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future. pay to you (without interest) the portion of such retained dividends and distributions that relate to the Restricted Shares that vest.
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Sources: Restricted Stock Award Agreement (Datalink Corp), Restricted Stock Award Agreement (Datalink Corp)
Applicable Restrictions. (a) Beginning on the Date of Grant, you shall have all rights and privileges of a stockholder of the Company with respect to the Restricted Shares Shares, including the right to vote and receive regular cash dividends on such Shares, except as follows (the “Restrictions”):
(i) dividends and other than regular cash dividends, distributions declared and paid with respect to the Restricted Shares before they vest shall be subject to Paragraph paragraph 3(c);
(ii) none of the Restricted Shares may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of before they vest other than by will or the laws of descent and distribution; and
(iii) all or a portion of the Restricted Shares may be forfeited in accordance with Section 6.
(b) Any attempt to dispose of Restricted Shares in a manner contrary to the Restrictions shall be void and of no effect.
(c) If the Company declares and pays a dividend or other distribution on its common stockstock other than a regular cash dividend, the Company shall retain custody of all such dividends and distributions made or declared with respect to any unvested Restricted Shares. The Company shall not be required to segregate any such retained dividends or distributions. At the time Restricted Shares vest, the Company shall * Unless the context indicates otherwise, terms that are not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future. pay to you (without interest) the portion of such retained dividends and distributions that relate to the Restricted Shares that vest.
Appears in 1 contract
Applicable Restrictions. (a) Beginning on the Date of Grant, you shall have all rights and privileges of a stockholder of the Company with respect to the Restricted Shares except as follows (the “Restrictions”):
(i) dividends and other distributions declared and paid with respect to the Restricted Shares before they vest shall be subject to Paragraph Section 3(c);
(ii) none of the Restricted Shares may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of before they vest other than by will or the laws of descent and distribution; and
(iii) all or a portion of the Restricted Shares may be forfeited in accordance with Section 6.
(b) Any attempt to dispose of Restricted Shares in a manner contrary to the Restrictions shall be void and of no effect.
(c) If the Company declares and pays a dividend or other distribution on its common stock, the Company shall retain custody of all such dividends and distributions made or declared with respect to any unvested Restricted Shares. The Company shall not be required to segregate any such retained dividends or distributions. At the time Restricted Shares vest, the Company shall * Unless the context indicates otherwise, terms that are not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future. pay to you (without interest) the portion of such retained dividends and distributions that relate to the Restricted Shares that vest.
Appears in 1 contract
Applicable Restrictions. (a) Beginning on the Date of GrantGrant Date, you shall have all rights and privileges of a stockholder of the Company with respect to the Restricted Shares except as follows (the “Restrictions”):
(i) dividends and other distributions declared and paid with respect to the Restricted Shares before they vest shall be subject to Paragraph 3(c);
(ii) none of the Restricted Shares may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of before they vest other than a transfer upon your death in accordance with your will, by will or the laws of descent and distributiondistribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan; and
(iii) all or a portion of the Restricted Shares may be forfeited in accordance with Section 6.
(b) Any attempt to dispose of Restricted Shares in a manner contrary to the Restrictions shall be void and of no effect.
(c) If the Company declares and pays a dividend or other distribution on its common stock, the Company shall retain custody of all such dividends and distributions made or declared with respect to any unvested Restricted Shares. The Company shall not be required to segregate any such retained dividends or distributions. At the time Restricted Shares vest, the Company shall * Unless the context indicates otherwise, terms that are not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future. pay to you (without interest) the portion of such retained dividends and distributions that relate to the Restricted Shares that vest.
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