Common use of Expiration and Termination of Restrictions Clause in Contracts

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire on the earliest to occur of the following: (a) On the date of termination of the Grantee’s employment with the Company or any Parent or Subsidiary because of his or her death or Disability; or (b) On the date specified by the Committee in the event of an acceleration of vesting under Section 5 of this Agreement (including, without limitation, upon the occurrence of a Change in Control).

Appears in 3 contracts

Sources: Restricted Stock Award Agreement (United Dominion Realty Trust Inc), Restricted Stock Award Agreement (UDR, Inc.), Restricted Stock Award Agreement (United Dominion Realty Trust Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire on the earliest to occur of the following: (a) On the date of termination of the Grantee’s employment with the Company or any Parent or Subsidiary because of his or her death or Disability; or (b) On the date specified by the Committee or as otherwise established in the Plan in the event of an acceleration of vesting under Section 5 14 of this Agreement the Plan (including, without limitation, upon the occurrence of a Change in Control, as defined in the Plan).

Appears in 3 contracts

Sources: Restricted Stock Award Agreement (United Dominion Realty Trust Inc), Restricted Stock Award Agreement (United Dominion Realty Trust Inc), Restricted Stock Award Agreement (United Dominion Realty Trust Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire on the earliest to occur of the following: (a) On the date of termination of the Grantee’s 's employment with the Company or any Parent or Subsidiary because of his or her death or Disability; or (b) On the date specified by the Committee or as otherwise established in the Plan in the event of an acceleration of vesting under Section 5 Article 14 of this Agreement the Plan (including, without limitation, upon the occurrence of a Change in Control, as defined in the Plan).

Appears in 3 contracts

Sources: Restricted Stock Award Agreement (United Dominion Realty L P), Restricted Stock Award Agreement (United Dominion Realty L P), Restricted Stock Award Agreement (United Dominion Realty L P)

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 2 will expire on the earliest to occur of the following:following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) On the date of termination third anniversary of the Grantee’s employment with Grant Date; provided Grantee is then still employed by the Company or any Parent or Subsidiary because of his or her death or Disabilitysubsidiary; or (b) On the date specified termination of Grantee’s employment by the Committee in the event reason of an acceleration of vesting under Section 5 of this Agreement Death, Disability or Retirement; or (including, without limitation, upon c) the occurrence of a Change in Control).

Appears in 1 contract

Sources: Restricted Stock Agreement (PSS World Medical Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire on the earliest to occur of the following: (a) Upon vesting pursuant to Section 2; (b) On the date of termination of the Grantee’s employment with the Company or any Parent or Subsidiary because of his or her death or Disability; or (bc) On the date specified by the Committee or as otherwise established in the Plan in the event of an acceleration of vesting under Section 5 Article 14 of this Agreement the Plan (including, without limitation, upon the occurrence of a Change in Control, as defined in the Plan).

Appears in 1 contract

Sources: Restricted Stock Award Agreement (United Dominion Realty L P)

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire on the earliest to occur of the following: (a) On the date of termination of the Grantee’s employment service with the Company or any Parent or Subsidiary because of his or her death or Disability; or (b) On the date specified by the Committee or as otherwise established in the Plan in the event of an acceleration of vesting under Section 5 Article 14 of this Agreement the Plan (including, without limitation, upon retirement or the occurrence of a Change of Control, as defined in Controlthe Plan).

Appears in 1 contract

Sources: Class 1 Ltip Unit Award Agreement (United Dominion Realty L P)