Nature of the restriction Sample Clauses
The "Nature of the restriction" clause defines the specific limitations or prohibitions imposed by an agreement, clarifying what actions or behaviors are restricted for the parties involved. This clause typically outlines the scope, duration, and context of the restriction, such as prohibiting the use of confidential information or restricting competition within a certain geographic area and time frame. Its core function is to ensure all parties clearly understand the boundaries of their obligations, thereby reducing the risk of disputes and ensuring enforceability of the agreement's terms.
Nature of the restriction. Restricted Stock is non-transferable and subject to a risk of forfeiture until vesting, The Restricted Stock vests __% per year on the first __ anniversaries of the grant date. Fair market value of stock on date of transfer: $_____ Amount paid to purchase the stock: $- 0 - ________________ Signature of Taxpayer Date _________________ ________________ Print or type signature This is a sample Election Form which may be used to make a Section 83(b) election to be taxed on a grant of Restricted Stock at the time of grant rather than at the time of vesting. You are free to use whatever election form you and your financial advisor deem appropriate. New Jersey Resources Corporation (the "Company") makes no recommendation as to whether a person granted Restricted Stock should make a Section 83(b) election, but issues the following cautionary statements:
Nature of the restriction. Any individuals who are in “restricted status" shall be excluded from any meetings or deliberations of the Union, its officers, agents, employees, or members, which cover the topics of collective bargaining. In addition, confidential information acquired from collective bargaining shall not be disclosed to the Union, its officers, agents, employees, or members by said individuals.
Nature of the restriction. The Shares are subject to a four (4) year vesting period.
Nature of the restriction. Restricted Stock is non-transferable and subject to a risk of forfeiture until vesting, The Restricted Stock vests ___% per year on the first ___anniversaries of the grant date. Fair market value of stock on date of transfer: $ Amount paid to purchase the stock: $- 0 - Signature of Taxpayer Date Print or type signature This is a sample Election Form which may be used to make a Section 83(b) election to be taxed on a grant of Restricted Stock at the time of grant rather than at the time of vesting. You are free to use whatever election form you and your financial advisor deem appropriate. New Jersey Resources Corporation (the “Company”) makes no recommendation as to whether a person granted Restricted Stock should make a Section 83(b) election, but issues the following cautionary statements:
Nature of the restriction. Any individuals who are in “restricted status" shall be excluded from any meetings or deliberations of the Union, its officers, agents, employees or members, which cover the topics of collective bargaining. In addition, confidential information acquired from collective bargaining shall not be disclosed to the Union, its officers, agents, employees, or members by said individuals. 259 Definition of Collective Bargaining. Collective bargaining, as defined herein, applies to formal contract negotiations, mid-contract term re-opener negotiations, or other mid- contract term negotiations provided said restricted employee' is present during the negotiations, is actively assisting City negotiators or has direct knowledge of strategies and planning in regard to the assigned negotiations. 260 Grievances and Discipline (Human Resources Staff). Union members of the Human Resources Management Department will not serve as Union representatives in grievance or disciplinary actions brought by this unit’s members.