Awarded Shares. Performance Shares awarded pursuant to Section 2 of this Agreement shall be registered in the name of the affected Grantee within sixty (60) days after the Award Date. Such shares shall, however, be subject to the restrictions described in Sections 3 and 4 of this Agreement until the Vesting Date for such shares, and the certificates evidencing the shares shall bear a legend noticing those restrictions either specifically or by reference to the provisions of this Agreement. Such shares, when issued in accordance with this Agreement, shall be deemed to be fully paid and nonassessable. Certificates representing such shares shall be held in the custody of the Corporation (or the Agent). Each Grantee shall supply the Corporation or the Agent (as instructed) with an executed stock power with respect to each such stock certificate.
Appears in 4 contracts
Samples: Performance Share Grant Agreement (Georgia Pacific Corp), Performance Share Grant Agreement (Georgia Pacific Corp), Performance Share Grant Agreement (Georgia Pacific Corp)
