Certificates or Book Entry Sample Clauses
The "Certificates or Book Entry" clause defines the method by which ownership of securities or interests is recorded and evidenced. It specifies whether holders will receive physical certificates or if their ownership will be tracked electronically through a book-entry system. For example, in a book-entry system, investors' holdings are recorded on the issuer's or a central depository's books rather than issuing paper certificates. This clause ensures clarity and efficiency in tracking ownership, reducing the risks and administrative burdens associated with physical certificates.
Certificates or Book Entry. As of the Settlement Date, the Corporation shall, at the discretion of the Committee or its designee, either issue one or more certificates in the Director’s name for such Settlement Shares or evidence book-entry registration of the Settlement Shares in the Director’s name (or, in the case of death, to the Director’s designated beneficiary, if any).
Certificates or Book Entry. On the Settlement Date, the Company shall, at the discretion of the Committee or its designee, either issue one or more certificates in the Award Recipient’s name for such Settlement Shares or evidence book-entry registration of the Settlement Shares in the Award Recipient’s name (or, in the case of death, to the Award Recipient’s designated beneficiary, if any). No fractional shares of Common Stock shall be issued in settlement of the SELTPP Units. Senior Executive Long-Term Performance Restricted Stock Unit Award Agreement
Certificates or Book Entry. On the Settlement Date, the Company shall, at the discretion of the Committee or its designee, either issue one or more certificates in the Award Recipient's name (or, in the case of death, to the Award Recipient’s designated beneficiary, if any) for such Settlement Shares or evidence book-entry registration of the Settlement Shares in the Award Recipient's name (or, in the case of death, to the Award Recipient's designated beneficiary, if any). No fractional shares of Common Stock shall be issued in settlement of the RSUs.
Certificates or Book Entry. As of the Settlement Date, the Company shall, at the discretion of the Committee or its designee, either issue one or more certificates in the Award Recipient’s name for such Settlement Shares or evidence book-entry registration of the Settlement Shares in the Award Recipient’s name (or, in the case of death, to the Award Recipient’s designated beneficiary, if any). No fractional shares of Common Stock shall be issued in settlement of the RSUs, and any fractional share of Common Stock that would otherwise be Settlement Stock as of the Settlement Date shall be settled through a cash payment based on the Fair Market Value of a share of Common Stock.
Certificates or Book Entry. No certificates evidencing Shares shall be issued prior to the vesting of the Performance Shares and the delivery of Shares, if any. To the extent the Performance Shares vest, the Company shall provide Participant (or in the case of his death, his designated beneficiary) the appropriate number of Shares in certificated or book entry form.
Certificates or Book Entry. As of the Settlement Date, the Company shall issue in the Award Recipient’s name for such Settlement Shares evidence of book-entry registration of the Settlement Shares (or, in the case of death, to the Award Recipient’s designated beneficiary, if any). No fractional shares of Stock shall be issued in settlement of the RSUs, and any fractional share of Stock that would otherwise be Settlement Stock as of the Settlement Date shall be settled through a cash payment based on the Fair Market Value of a share of Stock.
Certificates or Book Entry. As soon as practicable after the Restricted Share Award Date, the Company shall issue stock certificates or establish book entries evidencing the Restricted Shares which will be registered in Participant’s name, and shall bear whatever legend the Committee shall determine, including, but not limited to, the legend set forth in paragraph 2. Any certificates issued shall be held by the Company pending vesting. To the extent the Restricted Shares become vested, the Company shall promptly provide Participant (or in the case of his death, his designated beneficiary) the certificates or book entries for the appropriate number of Shares.
Certificates or Book Entry. As soon as practicable after the Restricted Stock Award Date, the Company shall issue a stock certificate or establish a book entry in respect of the Restricted Stock which will be registered in Participant’s name. Any such stock certificate shall be deposited with the Company or its designee, together with an assignment separate from the certificate, in blank, signed by the Participant, and bear an appropriate legend referring to the restricted nature of the Restricted Stock evidenced thereby, including, but not limited to, the legend set forth in paragraph 2 hereof. Any book entry of the Restricted Stock shall be subject to comparable restrictions and corresponding stop transfer instructions. To the extent the shares of Restricted Stock become vested, and upon the Company’s determination that any necessary conditions precedent to the release of vested Shares (such as satisfaction of tax withholding obligations and compliance with applicable legal requirements) have been satisfied, the Company shall promptly provide Participant (or in the case of his death, his designated beneficiary) the certificates for the appropriate number of shares of Common Stock or shall release restrictions on any book entry evidencing the appropriate number of shares of Common Stock.