Number of Restricted Clause Samples
The "Number of Restricted" clause sets a specific limit on the quantity of items, actions, or entities that are subject to certain restrictions within an agreement. For example, it may cap the number of employees who can access confidential information or the number of products that can be sold under exclusive terms. This clause ensures that the scope of restrictions is clearly defined, preventing ambiguity and helping both parties understand the extent of their obligations or limitations.
Number of Restricted. Stock Units Subject to this Award:
Number of Restricted. Stock Units Granted under this Award: «Units»
Number of Restricted. Stock Units Subject to this Award: (“RSUs”)
Number of Restricted. Stock Units Granted under this Award: <Shares>
Number of Restricted. Share Units Subject to this Award: [NUMBER]
Number of Restricted. Shares Subject to this Award: XXXXX (the “Restricted Shares”)
Number of Restricted. Stock Units [xxx] Vesting Period Grant Date - [Third Anniversary of Grant Date] Payment Date As soon as practicable after the end of the Vesting Period I hereby acknowledge the following:
Number of Restricted. Stock Units [xxx]