Expiration of the Restrictions Sample Clauses

The "Expiration of the Restrictions" clause defines when and how certain limitations or obligations imposed by an agreement will come to an end. Typically, this clause specifies a set period after which restrictions—such as non-compete, confidentiality, or use limitations—are no longer enforceable, or it may tie expiration to a specific event, like the termination of the contract. By clearly stating when restrictions expire, this clause provides certainty to the parties about their future rights and obligations, preventing indefinite or unclear limitations and ensuring both parties know when they are released from specific contractual constraints.
Expiration of the Restrictions. Unless the Restricted Shares have earlier been forfeited as provided herein, the Restrictions will expire on the earlier to occur of the following events: (i) At 5:00 p.m. Central Time on the day immediately preceding the third anniversary of the Effective Date. (ii) The termination of ▇▇. ▇▇▇▇▇▇▇'▇ employment Without Cause as that term is defined in the Employment Agreement.
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Expiration of the Restrictions. The Restrictions will expire on the date of the earliest to occur of the following events: · The close of business on the Expiration Date set forth above. · A Change in Control of the Company (as that term is defined in the Plan.) · Your employment is terminated without Cause (as defined below.) · Your employment is terminated because you have become permanently disabled (as defined below.) · Your death.
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Expiration of the Restrictions. Unless the Shares have earlier been forfeited as provided in this Agreement, the Restrictions will expire (i.e. the Shares will vest) as follows: Date (at 5:00 p.m. Central Time) Shares Vested January 1, 2019 [Tranche 1] January 1, 2020 [Tranche 2] January 1, 2021 [Tranche 3] 3.1 Shares that are still subject to the Restrictions will also vest on the earliest to occur of the following: (a) A Change in Control of the Company (as that term is defined in the Plan.) (b) Your employment is terminated without Cause (as defined below.) (c) Your employment is terminated because you have become permanently disabled (as defined below.)
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Expiration of the Restrictions. 3.1 The Restrictions will expire on the date of the earliest to occur of the following dates: • The Expiration Date set forth above. • The date you become permanently disabled (as defined below.) • The date of your death. • The date of a Change of Control of the Company (as that term is defined in the Plan.)
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Related to Expiration of the Restrictions

  • Termination of Restrictions Except as set forth in Section 9.3 hereof, the restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

  • Age Restrictions Drivers must be 21 years of age or over.

  • Removal of Restrictions Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall be released from escrow as soon as practicable after the last day of the Period of Restriction. The Committee, in its discretion, may accelerate the time at which any restrictions shall lapse, and remove any restrictions. After the restrictions have lapsed, the Participant shall be entitled to have any legend or legends under Section 7.4 removed from his or her Share certificate, and the Shares shall be freely transferable by the Participant.

  • 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 Shares 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 are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2007 Plan).

  • Usage Restrictions Customer will not (a) make any Service or Content available to anyone other than Customer or Users, or use any Service or Content for the benefit of anyone other than Customer or its Affiliates, unless expressly stated otherwise in an Order Form or the Documentation, (b) sell, resell, license, sublicense, distribute, make available, rent or lease any Service or Content, or include any Service or Content in a service bureau or outsourcing offering, (c) use a Service or Non-▇▇▇▇▇▇ Application to store or transmit infringing, libelous, or otherwise unlawful or tortious material, or to store or transmit material in violation of third-party privacy rights, (d) use a Service or Non-▇▇▇▇▇▇ Application to store or transmit Malicious Code, (e) interfere with or disrupt the integrity or performance of any Service or third-party data contained therein, (f) attempt to gain unauthorized access to any Service or Content or its related systems or networks, (g) permit direct or indirect access to or use of any Services or Content in a way that circumvents a contractual usage limit, or use any Services to access or use any of ▇▇▇▇▇▇ intellectual property except as permitted under this Agreement, an Order Form, or the Documentation, (h) modify, copy, or create derivative works based on a Service or any part, feature, function or user interface thereof, (i) copy Content except as permitted herein or in an Order Form or the Documentation, (j) frame or mirror any part of any Service or Content, other than framing on Customer's own intranets or otherwise for its own internal business purposes or as permitted in the Documentation, (k) except to the extent permitted by applicable law, disassemble, reverse engineer, or decompile a Service or Content or access it to (1) build a competitive product or service, (2) build a product or service using similar ideas, features, functions or graphics of the Service, (3) copy any ideas, features, functions or graphics of the Service, or (4) determine whether the Services are within the scope of any patent.