Common use of Restrictions on Stock Clause in Contracts

Restrictions on Stock. Except as otherwise provided in Sections 4 and 14, the Grantee cannot sell, transfer, assign, hypothecate or otherwise dispose of the Restricted Stock or pledge it as collateral for a loan. In addition, the Restricted Stock will be subject to such other restrictions as the Compensation Committee deems necessary or appropriate.

Appears in 5 contracts

Sources: Restricted Stock Agreement (RPM International Inc/De/), Performance Contingent Restricted Stock Agreement (RPM International Inc/De/), Performance Earned Restricted Stock and Escrow Agreement (RPM International Inc/De/)

Restrictions on Stock. Except as otherwise provided in Sections 4 and 14, the Grantee cannot sell, transfer, assign, hypothecate or otherwise dispose of the Restricted Stock or pledge it as collateral for a loan. In addition, the Restricted Stock will be subject to such other restrictions as the Compensation Committee deems necessary or appropriate.. 4875-2463-8412, v.3

Appears in 1 contract

Sources: Restricted Stock Agreement (RPM International Inc/De/)

Restrictions on Stock. Except as otherwise provided in Sections 4 and 14herein, the Grantee cannot sell, transfer, assign, hypothecate or otherwise dispose of the Restricted Stock or pledge it as collateral for a loan. In addition, the Restricted Stock will be subject to such other restrictions as the Compensation Committee deems necessary or appropriate.

Appears in 1 contract

Sources: Performance Earned Restricted Stock Award Agreement (Firstenergy Corp)