Common use of Book Entry Account Clause in Contracts

Book Entry Account. Within a reasonable time after the date of this Agreement, the Company shall instruct its transfer agent or stock plan administrator to establish a book entry account representing the Performance Units in your name effective as of the Grant Date, provided that the Company shall retain control of such account until the Performance Units have become vested in accordance with this Agreement and shares of Common Stock have been issued in settlement of the Performance Units. The number of Performance Units credited to your account shall be adjusted as provided in Schedule I to this Agreement.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (GenOn Energy, Inc.), Performance Unit Award Agreement (GenOn Energy, Inc.), Performance Unit Award Agreement (GenOn Energy, Inc.)

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