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

Custody and Delivery of Certificates Representing Shares. The Company shall hold the certificate or certificates representing the shares of Stock subject to the Award until such Award shall have vested pursuant to Paragraph 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 6.3, deliver the certificate for the vested shares to the Holder and destroy the stock power relating to the vested shares.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Whitehall Jewellers Inc), Whitehall Jewellers Inc

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Custody and Delivery of Certificates Representing Shares. The Company shall hold the certificate or certificates representing the shares of Stock Shares subject to the Award until such Award shall have vested vested, in whole or in part, pursuant to Paragraph 4 5 hereof, and the Company shall as soon thereafter as practicable, subject to Section 6.37.3, deliver the certificate for or certificates evidencing the vested shares Shares to the Holder and destroy the stock power relating to the vested sharesHolder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (THQ Inc)

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Custody and Delivery of Certificates Representing Shares. The Company shall hold the certificate or certificates representing the shares of Stock subject to the Award until such Award shall the shares have been earned pursuant to Section 4 of the Consulting Agreement and vested pursuant to Paragraph 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 6.3, practicable deliver the certificate or certificates for the earned and vested shares to the Holder and destroy the stock power or powers relating to the vested such shares.

Appears in 1 contract

Samples: Consulting Agreement (Baxter International Inc)

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