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Common use of Certificates for the Shares Clause in Contracts

Certificates for the Shares. The Company shall issue a certificate in respect of the Shares in the name of the Grantee, and shall hold such certificate on deposit for the account of the Grantee with respect to the Shares represented thereby until such time as the Shares vest. Such certificate shall bear the following (or a similar) legend: "The sale or other transfer of the shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer as set forth in the MB Financial, Inc. Amended and Restated Omnibus Incentive Plan and in a Restricted Stock agreement dated _____________. A copy of the Plan and such Restricted Stock Agreement may be obtained from the Chief Financial Officer of MB Financial, Inc.” The Grantee further agrees that simultaneously with his/her execution of this Agreement, he/she shall execute a stock power endorsed in blank in favor of the Company with respect to the Shares and he/she shall promptly deliver such stock power to the Company.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Mb Financial Inc /Md), Restricted Stock Agreement (Mb Financial Inc /Md)

Certificates for the Shares. The Company shall issue a certificate in respect of the Shares in the name of the Grantee, and shall hold such certificate on deposit for the account of the Grantee with respect to the Shares represented thereby until such time as the Shares vest. Such certificate shall bear the following (or a similar) legend: "The sale or other transfer of the shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer as set forth in the MB Financial, Inc. Amended and Restated Omnibus Incentive Plan and in a Restricted Stock agreement dated _____________. A copy of the Plan and such Restricted Stock Agreement agreement may be obtained from the Chief Financial Officer of MB Financial, Inc.” The Grantee further agrees that simultaneously with his/her execution of this Agreement, he/she shall execute a stock power endorsed in blank in favor of the Company with respect to the Shares and he/she shall promptly deliver such stock power to the Company.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Mb Financial Inc /Md), Restricted Stock Agreement (Mb Financial Inc /Md)