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 of Common Stock to the Director, the Director shall not have any rights or privileges of a shareholder as to the shares of Common Stock subject to the Restricted Stock Units. Specifically, the Director shall not have the right to receive dividends or the right to vote such shares of Common Stock prior to vesting of the Restricted Stock Units and delivery of the shares of Common Stock.
Appears in 3 contracts
Sources: Director Restricted Stock Unit Agreement (Krispy Kreme Doughnuts Inc), Director Restricted Stock Unit Agreement (Krispy Kreme Doughnuts Inc), Director Restricted Stock Unit Agreement (Krispy Kreme Doughnuts Inc)
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 of Common Stock to the DirectorEmployee, the Director Employee shall not have any rights or privileges of a shareholder as to the shares of Common Stock subject to the Restricted Stock Units. Specifically, the Director Employee shall not have the right to receive dividends or the right to vote such shares of Common Stock prior to vesting of the Restricted Stock Units and delivery of the shares of Common Stock.
Appears in 3 contracts
Sources: Employment Agreement (Krispy Kreme Doughnuts Inc), Restricted Stock Unit Agreement (Krispy Kreme Doughnuts Inc), Restricted Stock Unit Agreement (Krispy Kreme Doughnuts Inc)
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 of Common Stock to the DirectorShares, the Director you shall not have any rights or privileges of a shareholder as to the shares of Common Stock Shares subject to the Restricted Stock Units. Specifically, the Director you shall not have the right to receive dividends or the right to vote such shares of Common Stock Shares prior to vesting of the Restricted Stock Units and delivery of the shares of Common StockShares.
Appears in 3 contracts
Sources: Restricted Stock Unit Agreement (Elan Corp PLC), Restricted Stock Unit Agreement (Elan Corp PLC), Restricted Stock Unit Agreement (Elan Corp PLC)