Common use of Consequences Upon Vesting Clause in Contracts

Consequences Upon Vesting. Upon the vesting of a share of Restricted Stock pursuant to the terms hereof, the restrictions of Section 8(c) of the Plan shall cease to apply to such share. Reasonably promptly after a share of Restricted Stock vests pursuant to the terms hereof, the Company shall cause to be issued and delivered to the Participant, a certificate evidencing such share, free of the legend set forth in Section 8(d)(1) of the Plan, together with any other property of the Participant held by the custodian pursuant to Section 8(d)(2) of the Plan.

Appears in 3 contracts

Samples: Restricted Stock Agreement 2004 Stock Incentive Plan (Southwestern Energy Co), Restricted Stock Agreement (Southwestern Energy Co), Restricted Stock Agreement (Southwestern Energy Co)

AutoNDA by SimpleDocs

Consequences Upon Vesting. Upon the vesting of a share of Restricted Stock pursuant to the terms hereof, the restrictions of Section 8(c9(c) of the Plan shall cease to apply to such share. Reasonably promptly after a share of Restricted Stock vests pursuant to the terms hereof, the Company shall cause to be issued and delivered to the Participant, a certificate evidencing such share, free of the legend set forth in Section 8(d)(19(d)(1) of the Plan, together with any other property of the Participant held by the custodian pursuant to Section 8(d)(29(d)(2) of the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement 2002 Employee Stock Incentive Plan (Southwestern Energy Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.