Common use of Certificates or Book Entry Clause in Contracts

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.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (Comerica Inc /New/)

AutoNDA by SimpleDocs

Certificates or Book Entry. On the each 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 ’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 ’s name (or, in the case of death, to the Award Recipient's ’s designated beneficiary, if any). No fractional shares of Common Stock shall be issued in settlement of the RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Comerica Inc /New/)

AutoNDA by SimpleDocs

Certificates or Book Entry. On 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 (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.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Comerica Inc /New/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!