Common use of Certificates in Company Custody Clause in Contracts

Certificates in Company Custody. Stock certificates evidencing Restricted Shares shall be held in custody by the Company until the restrictions thereon shall have lapsed, and as a condition of any Restricted Shares, the Grantee shall have delivered a stock power relating to the Restricted Shares.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Lamson & Sessions Co), Restricted Stock Agreement (Lamson & Sessions Co), Restricted Stock Agreement (Lamson & Sessions Co)

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Certificates in Company Custody. Stock certificates ------------------------------- evidencing Restricted Shares shall be held in custody by the Company until the restrictions thereon shall have lapsed, and as a condition of any Restricted Shares, the Grantee shall have delivered a stock power relating to the Restricted Shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Lamson & Sessions Co)

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