Common use of Award Restrictions Clause in Contracts

Award Restrictions. The unvested shares of Company common stock covered by this Award are subject to the following restrictions until they expire or terminate. (a) The Participant may not sell, transfer, exchange, assign, pledge, hypothecate or otherwise encumber Award Shares. (b) If the Participant’s service or employment with the Bank or any Affiliate terminates for any reason other than as set forth in Paragraph 3(b) below, the Participant will forfeit all rights, title and interest in and to the Award as of the date of termination, and the Award Shares will revert to the Company under the terms of the Plan. (c) Award Shares are subject to the vesting schedule set forth on Page 1 of this Award Agreement. The restrictions imposed under Section 2(a)-(c) will expire on the earliest to occur of the following: (a) On the respective dates, specified on Page 1 of this Award Agreement, provided you are then still in the service of the Company or an Affiliate; or (b) Upon termination of your service by reason of death or Disability; or (c) Upon a Change in Control (as defined in the Plan).

Award Restrictions. The unvested shares of Company common stock covered by this Award are subject to the following restrictions until they expire or terminate. (a) The Participant may not sell, transfer, exchange, assign, pledge, hypothecate or otherwise encumber Award Shares. (b) If the Participant’s service or employment with the Bank or any Affiliate terminates for any reason other than as set forth in Paragraph 3(b) belowdeath or disability, the Participant will forfeit all rights, title and interest in and to the Award as of the date of termination, and the Award Shares will revert to the Company under the terms of the 2015 Plan. (c) Award Shares are subject to the vesting schedule set forth on Page 1 of this Award Agreement. The restrictions imposed under Section 2(a)-(c) will expire on the earliest to occur of the following: (a) On the respective dates, specified on Page 1 of this Award Agreement, provided you are then still in the service of the Company or an Affiliate; or (b) Upon termination of your service by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2015 Plan).