Common use of Book Account Clause in Contracts

Book Account. The Restricted Stock Units, including the original award and any additional units attributable to cash dividends, stock dividends or distributions relating to the Restricted Stock Units, shall be credited to a book account for the Employee. Upon expiration of the Period of Restriction, the Company shall issue and deliver to the Employee certificates for shares of the Company’s common stock, par value $0.01 per share, equal to the total number of Restricted Stock Units then credited to the Employee until the Employee provides other instructions, subject to Section 6 below.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Briggs & Stratton Corp), Restricted Stock Unit Award Agreement (Briggs & Stratton Corp), Restricted Stock Unit Award Agreement (Briggs & Stratton Corp)

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