Common use of Custody and Delivery of Certificates Representing Shares Clause in Contracts

Custody and Delivery of Certificates Representing Shares. The shares of Common Stock subject to the Award may be held by a custodian in book entry form with the restrictions on such shares duly noted or, alternatively, the Company may hold the certificate or certificates representing such shares, in either case until the Award shall have vested, in whole or in part, pursuant to paragraphs 1 and 2 hereof. As soon as practicable after the Restricted Shares shall have vested pursuant to paragraphs 1 and 2 hereof, subject to paragraph 7 hereof, the restrictions shall be removed from those of such shares that are held in book entry form, and the Company shall deliver to the Employee any certificate or certificates representing those of such shares that are held by the Company and destroy or return to the Employee the stock power or powers relating to such shares. If such stock power or powers also relate to unvested shares, the Company may require, as a condition precedent to the delivery of any certificate pursuant to this paragraph 4, the execution and delivery to the Company of one or more irrevocable stock powers relating to such unvested shares.

Custody and Delivery of Certificates Representing Shares. The shares of Common Stock Shares subject to the Award may shall be held by the Company or by a custodian in book entry form form, with the restrictions on the Shares duly noted, until such shares duly noted orAward shall have vested pursuant to Section 4 hereof, alternativelyand as soon thereafter as practicable, the vested Shares shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company may shall hold the a certificate or certificates representing the Shares subject to the Award until such shares, in either case until the Award shall have vested, in whole or in part, pursuant to paragraphs 1 and 2 Section 4 hereof. As soon as practicable after the Restricted Shares shall have vested pursuant to paragraphs 1 and 2 hereof, subject to paragraph 7 hereof, the restrictions shall be removed from those of such shares that are held in book entry form, and the Company shall as soon thereafter as practicable, deliver to the Employee any certificate or certificates representing those of such shares that are held by for the Company vested Shares to the Holder and destroy or return to the Employee the stock power or powers relating to such sharesthe vested Shares delivered by the Holder pursuant to Section 1 hereof. If such stock power or powers also relate to unvested sharesShares, the Company may require, as a condition precedent to the delivery of any certificate pursuant to this paragraph 4Section 3, the execution and delivery to the Company of one or more irrevocable stock powers relating to such unvested sharesShares.

Custody and Delivery of Certificates Representing Shares. The Unless the Company has allocated shares of Common Stock subject to the Award may be held by a custodian in book entry form with the restrictions on such shares duly noted or, alternativelyHolder's account pursuant to Section 1 hereof, the Company may shall hold the certificate or certificates representing such shares, in either case the shares of Stock subject to the Award until the restrictions on such Award shall have vestedlapsed, in whole or in part, pursuant to paragraphs 1 and 2 Section 4 hereof. As The Company shall as soon thereafter as practicable after the Restricted Shares shall have vested pursuant to paragraphs 1 and 2 hereofpracticable, subject to paragraph 7 hereofSection 5.3, deliver the restrictions shall be removed from those of such shares that are held in book entry form, and the Company shall deliver to the Employee any certificate or certificates representing those of for such shares that are held by to the Company Holder and destroy or return to the Employee the any stock power or powers relating to such shares, if applicable. If such stock power or powers also relate relates to unvested sharesshares as to which restrictions remain in effect, the Company may require, as a condition precedent to the delivery of any certificate pursuant to this paragraph 4Section 3, the execution and delivery to the Company of one or more irrevocable stock powers relating to such unvested shares. If the shares were allocated to the Holder's account in book‑entry form pursuant to Section 1 hereof, at the termination of the Restriction Period, the Company shall cause any restriction of transfer to be removed and shall cause to be issued in the Holder's name, a certificate representing the shares of stock for which restrictions have lapsed pursuant to Section 4 hereof and subject to Section 5.3 and deliver such certificate to the Holder.

Custody and Delivery of Certificates Representing Shares. The shares of Common Stock subject to the Award may be held by a custodian in book entry form with the restrictions on such shares duly noted or, alternatively, the Company may hold the certificate or certificates representing such shares, in either case until the Award shall have vested, in whole or in part, pursuant to paragraphs 1 and 2 Section 4 hereof. As soon as practicable after the Restricted Shares shares of Stock shall have vested pursuant to paragraphs 1 and 2 Section 4 hereof, subject to paragraph Section 7 hereof, the restrictions shall be removed from those of such shares that are held in book entry form, and the Company shall deliver to the Employee Holder any certificate or certificates representing those of such shares that are held by the Company and destroy or return to the Employee Holder the stock power or powers relating to such shares. If such stock power or powers also relate to unvested shares, the Company may require, as a condition precedent to the delivery of any certificate pursuant to this paragraph 4Section 3, the execution and delivery to the Company of one or more irrevocable stock powers relating to such unvested shares.