Common use of Book Entry Account Clause in Contracts

Book Entry Account. Within a reasonable time after the Grant Date of this Award, II-VI shall instruct its transfer agent to establish a book entry account representing the Restricted Shares in Recipient’s name effective as of the Grant Date, provided that II-VI shall retain control of such account until the Restricted Shares have become vested in accordance with this Agreement.

Book Entry Account. Within a reasonable time after the Grant Date of this AwardDate, II-VI shall instruct its transfer agent to establish establish, if required, and to credit a book entry account representing in the Restricted Shares in Recipient’s name with the Restricted Shares, which book entry credit shall be effective as of the Grant Date, provided that II-VI shall retain control of such account until the Restricted Shares have become vested in accordance with this Agreement.