Common use of Expiration and Termination of Restrictions Clause in Contracts

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire or terminate on the earliest to occur of the following: (a) As to the Restricted Shares awarded hereunder (adjusted proportionately in the event of any change in the total numbers of Restricted Shares), at the rate of 1/60 of the Restricted Shares on the first day of each calendar month beginning February 1, 2000; (b) On the first day of the calendar month next following the termination of the Grantee's employment with the Corporation or any Subsidiary because of his or her death or Disability; or (c) On the effective date of the dissolution or liquidation of the Corporation.

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire or terminate on the earliest to occur of the following: (a) As to the Restricted Shares awarded hereunder (adjusted proportionately in the event of any change in the total numbers of Restricted Shares), at the rate of 1/60 of the Restricted Shares on the first day of each calendar month beginning February 1, 2000;; or (b) On the first day of the calendar month next following the termination of the Grantee's employment with the Corporation or any Subsidiary because of his or her death or Disability; or (c) On the effective date of the dissolution or liquidation of the Corporation.

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire or terminate on the earliest to occur of the following: (a) As to the Restricted Shares awarded hereunder (adjusted proportionately in the event of any change in the total numbers of Restricted Shares), at the rate of 1/60 1/36 of the Restricted Shares on the first day of each calendar month beginning February January 1, 2000; (b) On the first day of the calendar month next following the termination of the Grantee's employment with the Corporation or any Subsidiary because of his or her death or Disability; or (c) On the effective date of the dissolution or liquidation of the Corporation.

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire or terminate on the earliest to occur of the following: (a) As to the Restricted Shares awarded hereunder (adjusted proportionately in the event of any change in the total numbers of Restricted Shares), ) at the rate of 1/60 of the Restricted Shares on the first day of each calendar month beginning February 1, 2000;; or (b) On the first day of the calendar month next following the termination of the Grantee's employment with the Corporation or any Subsidiary because of his or her death or Disability; or (c) On the effective date of the dissolution or liquidation of the Corporation.

Expiration and Termination of Restrictions. The restrictions imposed under Section 3 will expire or terminate on the earliest to occur of the following: (a) As to the Restricted Shares awarded hereunder (adjusted proportionately in the event of any change in the total numbers of Restricted Shares), at the rate of 1/60 of the Restricted Shares on the first day of each calendar month beginning on February 1, 2000;; or (b) On the first day of the calendar month next following the termination of the Grantee's employment with the Corporation or any Subsidiary because of his or her death or Disability; or (c) On the effective date of the dissolution or liquidation of the Corporation.