Common use of Expiration and Termination of Restrictions Clause in Contracts

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) As to the percentages of the Restricted Stock specified in the vesting schedule on page 1 of this Award Agreement, on the respective dates specified in the vesting schedule on page 1; provided you have not experienced a Termination of Service; or (b) Upon your Termination of Service by reason of death, Disability or within two years of a Change in Control (for reasons other than Cause).

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (Wellesley Bancorp, Inc.), Restricted Stock Award Agreement (MB Bancorp Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) As to the percentages of the Restricted Shares/Restricted Stock Units specified in the vesting schedule on page 1 of this Award Agreement, on the respective dates specified in the vesting schedule on page 1; provided you have your Continuous Status as a Participant has not experienced a Termination of Serviceterminated; or (b) Upon termination of your Termination of Service Continuous Status as a Participant by reason of death, Disability or within two years of a Change in Control (for reasons other than Cause)Control.

Appears in 2 contracts

Sources: Restricted Stock/Restricted Stock Unit Award Agreement (Beneficial Bancorp Inc.), Restricted Stock/Restricted Stock Unit Award Agreement (Sandy Spring Bancorp Inc)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) As to the percentages of the Restricted Shares/Restricted Stock Units specified in the vesting schedule on page 1 of this Award Agreement, on the respective dates specified in the vesting schedule on page 1; provided you have your Continuous Status as a Participant has not experienced a Termination of Serviceterminated; or (b) Upon termination of your Termination of Service Continuous Status as a Participant by reason of death, Disability death or within two years of a Change in Control (for reasons other than Cause)disability.

Appears in 1 contract

Sources: Restricted Stock/Restricted Stock Unit Award Agreement (Coastal Financial Corp)

Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”): (a) As to the percentages of the Restricted Shares/Restricted Stock Units specified in the vesting schedule on page 1 of this Award Agreement, on the respective dates specified in the vesting schedule on page 1; provided you have your Continuous Status as a Participant has not experienced a Termination of Serviceterminated; or (b) Upon termination of your Termination of Service Continuous Status as a Participant by reason of death, Disability death or within two years of a Change in Control (for reasons other than Cause)Disability.

Appears in 1 contract

Sources: Restricted Stock Agreement (Community Financial Corp /Md/)