Rights and Restrictions. The Restricted Stock Units shall not be transferable other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Stock Units and delivery of the Shares to the Grantee, the Grantee shall not have any rights and privileges of a shareholder as to the Shares subject to the Award. Specifically, the Grantee shall not, except as set forth in paragraph (f) below, have the right to receive dividends or the right to vote such Shares prior to vesting of the Award and delivery of the Shares.
Appears in 10 contracts
Sources: Restricted Stock Unit Agreement (Xl Group LTD), Restricted Stock Unit Agreement (Xl Group LTD), Restricted Stock Unit Agreement (Xl Group PLC)
Rights and Restrictions. The Restricted Stock Units shall not be transferable other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Stock Units and delivery of the Shares to the Grantee, the Grantee shall not have any rights and privileges of a shareholder as to the Shares subject to the Award. Specifically, the Grantee shall not, except as set forth in paragraph (f) below, not have the right to receive dividends or the right to vote such Shares prior to vesting of the Award and delivery of the Shares.
Appears in 1 contract