Common use of Certificate; Book Entry Form; Legend Clause in Contracts

Certificate; Book Entry Form; Legend. The Company, in its sole discretion, shall have the option of issuing the Awarded Shares either (i) in certificate form or (ii) in book-entry form, registered in the name of the Participant, with legends, or notations, as applicable, referring to the terms, conditions and restrictions applicable to the grant of the Awarded Shares. The Participant agrees that the following legend or notation may be used for this purpose: This certificate and the shares of stock represented hereby are subject to the terms and conditions, including forfeiture provisions and restrictions against transfer (the “Restrictions”), contained in the Westway Group, Inc. 2010 Incentive Compensation Plan, as amended, that Award Agreement dated March 31, 2011 by and between the registered owner and the Company, and any other agreements entered into between the registered owner and the Company. Any attempt to dispose of these shares in contravention of the Restrictions, including by way of sale, assignment, transfer, pledge, hypothecation or otherwise, shall be null and void and without effect. The Participant agrees that upon receipt of any stock certificates for Unvested Shares the Participant shall deposit each certificate with the Company, or other escrow holder as the Company may appoint, together with a stock power endorsed in blank or other appropriate instrument of transfer, to be held by the Company or escrow holder until the time at which the Awarded Shares are delivered to the Participant pursuant to Section 10.

Appears in 4 contracts

Samples: Award Agreement (Westway Group, Inc.), Award Agreement (Westway Group, Inc.), Award Agreement (Westway Group, Inc.)

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Certificate; Book Entry Form; Legend. The Company, in its sole discretion, shall have the option of issuing the Awarded Shares either (i) in certificate form or (ii) in book-entry form, registered in the name of the Participant, with legends, or notations, as applicable, referring to the terms, conditions and restrictions applicable to the grant of the Awarded Shares. The Participant agrees that the following legend or notation may be used for this purpose: This certificate and the shares of stock represented hereby are subject to the terms and conditions, including forfeiture provisions and restrictions against transfer (the “Restrictions”), contained in the Westway Group, Inc. 2010 Incentive Compensation Plan, as amended, that Restricted Stock Award Agreement dated March 31as of October 7, 2011 2010 by and between the registered owner and the Company, and any other agreements entered into between the registered owner and the Company. Any attempt to dispose of these shares in contravention of the Restrictions, including by way of sale, assignment, transfer, pledge, hypothecation or otherwise, shall be null and void and without effect. The Participant agrees that upon receipt of any stock certificates for Unvested Shares the Participant shall deposit each certificate with the Company, or other escrow holder as the Company may appoint, together with a stock power endorsed in blank or other appropriate instrument of transfer, to be held by the Company or escrow holder until the time at which the Awarded Shares are delivered to the Participant pursuant to Section 106.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Westway Group, Inc.)

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