Common use of During the Restriction Period Clause in Contracts

During the Restriction Period. Employee shall have all the rights of a shareholder with respect to the Restricted Stock except for the right to transfer the Restricted Stock, as set forth in Section 3 of this Agreement. Accordingly, Employee shall have the right to vote the Restricted Stock and to receive any cash dividends paid to or made with respect to the Restricted Stock; provided, however, that dividends paid, if any, with respect to that Restricted Stock which has not vested at the time of the dividend payment shall be held in the custody of the Company and shall be subject to the same restrictions that apply to the corresponding Restricted Stock.

Appears in 3 contracts

Sources: Restricted Stock Agreement (Pacific Ethanol, Inc.), Restricted Stock Agreement (Pacific Ethanol, Inc.), Restricted Stock Agreement (Pacific Ethanol, Inc.)