Common use of COVENANTS, RESTRICTIONS AND LIMITATIONS Clause in Contracts

COVENANTS, RESTRICTIONS AND LIMITATIONS. (a) By accepting the Restricted Stock Units, the Grantee agrees not to sell Stock at a time when applicable laws or SunTrust’s rules prohibit a sale. This restriction will apply as long as the Grantee is an employee, consultant or director of SunTrust or a Subsidiary of SunTrust. Upon receipt of nonforfeitable shares of Stock pursuant to this Unit Agreement,

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Suntrust Banks Inc)

COVENANTS, RESTRICTIONS AND LIMITATIONS. (a) By accepting the Restricted Stock Units, the Grantee agrees not to sell Stock at a time when applicable laws or SunTrust’s rules prohibit a sale. This restriction will apply as long as the Grantee is an employee, consultant or director of SunTrust or a Subsidiary of SunTrust. Upon receipt of nonforfeitable shares of Stock pursuant to this Unit Agreement,director

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Suntrust Banks Inc)