Common use of Conversion to Stock Clause in Contracts

Conversion to Stock. Unless the Units are forfeited prior to the Vesting Date as provided in Section 3 above, the Units will be converted to actual shares of Stock on the Vesting Date (the “Conversion Date”). Shares of Stock will be registered on the books of the Company in the street name of the broker designated by the Company as of the Conversion Date.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Micron Technology Inc), Restricted Stock Agreement (Micron Technology Inc), Restricted Stock Agreement (Micron Technology Inc)

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Conversion to Stock. Unless the Units are forfeited prior to the Vesting Date as provided in Section section 3 above, the Units will be converted on the Vesting Date to actual shares of Stock on the Vesting Date (the “Conversion Date”). Stock, and such Shares of Stock will be registered on the books of the Company in the name of Grantee (or in street name of the broker designated by the Company to Grantee’s brokerage account) as of the Conversion DateVesting Date in uncertificated (book-entry) form unless Grantee requests a stock certificate or certificates for the Shares. 5.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Citi Trends Inc), Restricted Stock Unit Award Agreement (Citi Trends Inc)

Conversion to Stock. Unless the Units are forfeited prior to the Vesting Date as provided in Section 3 aboveparagraph 2 above or deferred pursuant to paragraph 4 below, the Units will be converted to actual shares of Stock on the Vesting Date earlier of the effective date of a Change in Control or December 31, 2008 (the “Conversion Date”). Shares Stock certificates evidencing the conversion of Units into shares of Stock will be registered on the books of the Company in the street Grantee’s name of the broker designated by the Company as of the Conversion DateDate and delivered to Grantee as soon as practical thereafter.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Genuine Parts Co)

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Conversion to Stock. Unless the Units are forfeited prior to the Vesting Date as provided in Section section 3 above, the Units will be converted on the Vesting Date to actual shares of Stock on the Vesting Date (the “Conversion Date”). Stock, and such Shares of Stock will be registered on the books of the Company in the name of Grantee (or in street name of the broker designated by the Company to Grantee’s brokerage account) as of the Conversion DateVesting Date in uncertificated (book-entry) form unless Grantee requests a stock certificate or certificates for the Shares.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Citi Trends Inc)

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