Common use of Conversion to Stock Clause in Contracts

Conversion to Stock. The Earned Award shall be converted to shares of Stock on the Determination Date, provided Grantee remains in Continuous Service through the last day of the Performance Period. The shares of Stock shall be registered in the name of Grantee as of the Determination Date, and certificates for the shares of Stock (or, at the option of the Company, statements of book entry notation of the shares of Stock in the name of Grantee in lieu thereof) shall be delivered to Grantee or Xxxxxxx’s designee upon request of Grantee as soon as practicable after the Determination Date, but no later than 60 days following the Vesting Date.

Appears in 1 contract

Samples: Restricted Stock (FB Financial Corp)

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Conversion to Stock. The Earned Award shall be converted to shares of Stock on the Determination Date, provided that, except as otherwise provided herein, Grantee remains in Continuous Service through the last day of the Performance Period. The shares of Stock shall be registered in the name of Grantee as of the Determination Date, and certificates for the shares of Stock (or, at the option of the Company, statements of book entry notation of the shares of Stock in the name of Grantee in lieu thereof) shall be delivered to Grantee or XxxxxxxGrantee’s designee upon request of Grantee as soon as practicable after the Determination Date, but no later than 60 sixty (60) days following the Vesting Determination Date.

Appears in 1 contract

Samples: Comstock Holding Companies, Inc.

Conversion to Stock. The Earned Award shall be converted to shares of Stock on the Determination Date, provided Grantee remains in Continuous Service through the last day of the Performance Period. The shares of Stock shall be registered in the name of Grantee as of the Determination Vesting Date, and certificates for the shares of Stock (or, at the option of the Company, statements of book entry notation of the shares of Stock in the name of Grantee in lieu thereof) shall be delivered to Grantee or XxxxxxxGrantee’s designee upon request of Grantee as soon as practicable after the Determination Vesting Date, but no later than 60 sixty (60) days following the Vesting Date.

Appears in 1 contract

Samples: FB Financial Corp

Conversion to Stock. The Earned Award shall be converted to shares of Stock on the Determination Date, provided Grantee remains in Continuous Service through the last day of the Performance Period. The shares of Stock shall be registered in the name of Grantee as of the Determination Date, and certificates for the shares of Stock (or, at the option of the Company, statements of book entry notation of the shares of Stock in the name of Grantee in lieu thereof) shall be delivered to Grantee or Xxxxxxx’s designee upon request of Grantee as soon as practicable after the Determination Date, but no later than 60 days following the Vesting Determination Date.

Appears in 1 contract

Samples: Award Agreement (FB Financial Corp)

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Conversion to Stock. The Earned Award shall be converted to shares of Stock on the Determination Date, provided Grantee remains in Continuous Service through the last day of the Performance Period. The shares of Stock shall be registered in the name of Grantee as of the Determination Vesting Date, and certificates for the shares of Stock (or, at the option of the Company, statements of book entry notation of the shares of Stock in the name of Grantee in lieu thereof) shall be delivered to Grantee or Xxxxxxx’s designee upon request of Grantee as soon as practicable after the Determination Vesting Date, but no later than 60 sixty (60) days following the Vesting Date. 4.

Appears in 1 contract

Samples: FB Financial Corp

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