Common use of During the Restriction Period Clause in Contracts

During the Restriction Period. the Employee may exercise full voting rights with respect to the Restricted Stock. During the Restriction Period, if the Employee is employed on the record date for any cash dividends declared on the Common Stock, such cash dividends payable with respect to the Restricted Stock shall be paid to the Employee, subject to applicable withholdings, on the first payroll date immediately following the date such dividends are paid to the other shareholders of the Company (but, in all events, no later than the 15th day of the third month following the later of the end of the Company’s tax year or the Employee's tax year that includes the record date for such cash dividends). Subject to Paragraph 12, during the Restriction Period, all dividends and other distributions with respect to the Restricted Stock that are paid in Common Stock or other securities of the Company shall be (i) issued in the name of the Employee and delivered electronically to the Escrow Agent, (ii) subject to the same restrictions on transferability, forfeiture, vesting, and withholding provisions as the Restricted Stock with respect to which they were paid and (iii) delivered via electronic delivery to the Employee’s account with the Company’s stock plan administrator and become freely transferable by the Employee when and only to the extent the underlying shares of Restricted Stock have vested. (Information on the Company’s stock, Annual Reports, and other relevant information may be found under the Investor Relations Sections of the Company’s website: ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇.)

Appears in 1 contract

Sources: Restricted Stock Agreement (Chicos Fas Inc)

During the Restriction Period. the Employee may exercise full voting rights with respect to the Restricted Stock. During the Restriction Period, if the Employee is employed on the record date for any cash dividends declared on the Common Stock, such cash dividends payable with respect to the Restricted Stock shall be paid to the Employee, subject to applicable withholdings, on the first payroll date immediately following the date such dividends are paid to the other shareholders of the Company (but, in all events, no later than the 15th day of the third month following the later of the end of the Company’s tax year or the Employee's tax year that includes the record date for such cash dividends). Subject to Paragraph 12, during the Restriction Period, all dividends and other distributions with respect to the Restricted Stock that are paid in Common Stock or other securities of the Company shall be (i) issued in the name of the Employee and delivered electronically to the Escrow Agent, (ii) subject to the same restrictions on transferability, forfeiture, vesting, and withholding provisions as the Restricted Stock with respect to which they were paid and (iii) delivered via electronic delivery to the Employee’s account with the Company’s stock plan administrator and become freely transferable by the Employee when and only to the extent the underlying shares of Restricted Stock have vested. (Information on the Company’s stock, Annual Reports, and other relevant information may be found under the Investor Relations Sections of the Company’s website: ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇.)

Appears in 1 contract

Sources: Restricted Stock Agreement (Chicos Fas Inc)