Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 hereof, the vested Shares shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 hereof, deliver the certificate or certificates for the vested Shares to the Holder and destroy the stock power or powers relating to the vested Shares delivered by the Holder pursuant to Section 1 hereof. If such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares.
Appears in 9 contracts
Samples: Restricted Stock Award Agreement, Restricted Stock Award Agreement (Pultegroup Inc/Mi/), Restricted Stock Award Agreement (Pultegroup Inc/Mi/)
Custody and Delivery of Shares. The Shares restricted shares subject to the Award shall be held by the Company Tyson or by a custodian in book entry form, with restrictions on the Shares restricted shares duly noted, until such Award shall have vested pursuant to Section 4 3 hereof, and as soon thereafter as practicable, subject to Section 5.3 hereof, the vested Shares shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the CompanyXxxxx, the Company Xxxxx shall hold a certificate or certificates representing the Shares restricted shares subject to the Award until such Award shall have vested, in whole or in part, vested pursuant to Section 4 3 hereof. After all or any portion of the Award shall have vested pursuant to Section 3 hereof, and the Company shall as soon thereafter as practicableTyson shall, subject to Section 5.3 5 hereof, transfer the vested shares on its books or deliver the certificate or certificates for the vested Shares shares, as applicable, to a brokerage account in the name of the you. If Tyson delivers certificate(s) for the vested shares pursuant to the Holder and foregoing sentence, Tyson shall also destroy the stock power or powers relating to the such vested Shares shares delivered by the Holder you pursuant to Section 1 hereof. If ; provided that, if such stock power or powers also relate to unvested Sharesrestricted shares, the Company Tyson may require, as a condition precedent to delivery of any certificate pursuant to this Section 34, the execution and delivery to the Company Tyson of one or more stock powers relating to such unvested Sharesrestricted shares.
Appears in 4 contracts
Samples: Stock Incentive Award Agreement (Tyson Foods, Inc.), Restricted Stock Award Agreement (Tyson Foods, Inc.), Stock Incentive Award Agreement (Tyson Foods, Inc.)
Custody and Delivery of Shares. The Shares shares of Stock subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares shares of Stock duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 hereof, the vested Shares Stock shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares shares of Stock subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 hereof, practicable deliver the certificate or certificates for the vested Shares Stock to the Holder and destroy the stock power or powers relating to the vested Shares Stock delivered by the Holder pursuant to Section 1 hereof. If such stock power or powers also relate to unvested SharesStock, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested SharesStock.
Appears in 2 contracts
Samples: Non Employee Director Restricted Stock Award Agreement, Non Employee Director Restricted Stock Award Agreement (Thermon Holding Corp.)
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 hereof, the vested Shares shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole vested pursuant to Section 4 hereof. After all or in part, any portion of the Award shall have vested pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 hereof, transfer the vested Shares on its books or deliver the certificate or certificates for the vested Shares, as applicable, to a brokerage account in the name of the Holder as designated by the Holder. If the Company delivers certificate(s) for the vested Shares pursuant to the Holder and foregoing sentence, the Company shall also destroy the stock power or powers relating to the such vested Shares delivered by the Holder pursuant to Section 1 hereof. If ; provided that, if such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Angel Oak Mortgage, Inc.)
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 6 hereof, and as soon thereafter as practicable, subject to Section 5.3 14.C hereof, the vested Shares Stock shall be delivered to the Holder Grantee as the Holder Grantee shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 6 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 14.C hereof, deliver the certificate or certificates for the vested Shares Stock to the Holder Grantee and destroy the stock power or powers relating to the vested Shares Stock, if any, delivered by the Holder Grantee pursuant to Section 1 3 hereof. If such stock power or powers also relate to unvested SharesStock, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 35, the execution and delivery to the Company of one or more stock powers relating to such unvested SharesStock.
Appears in 1 contract
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section Sections 4 or 5 hereof, and as soon thereafter as practicable, subject to Section 5.3 14.C hereof, the vested Shares shall be delivered to the Holder Grantee as the Holder Grantee shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section Sections 4 or 5 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 14.C hereof, deliver the certificate or certificates for the vested Shares to the Holder Grantee and destroy the stock power or powers relating to the vested Shares Shares, if any, delivered by the Holder Grantee pursuant to Section 1 3 hereof. If such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 36, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares.
Appears in 1 contract
Samples: Performance Based Restricted Stock Award Agreement (West Corp)
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 6 hereof, and as soon thereafter as practicable, subject to Section 5.3 14.C hereof, the vested Shares Stock shall be delivered to the Holder as the Holder shall directGrantee. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 6 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 14.C hereof, deliver the certificate or certificates for the vested Shares Stock to the Holder Grantee and destroy the stock power or powers relating to the vested Shares Stock, if any, delivered by the Holder Grantee pursuant to Section 1 3 hereof. If such stock power or powers also relate to unvested SharesStock, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 35, the execution and delivery to the Company of one or more stock powers relating to such unvested SharesStock.
Appears in 1 contract
Custody and Delivery of Shares. The Shares shares of Common Stock subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares shares of Common Stock duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 hereof, the vested Shares Common Stock shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares shares of Common Stock subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 hereof, practicable deliver the certificate or certificates for the vested Shares Common Stock to the Holder and destroy the stock power or powers relating to the vested Shares Common Stock delivered by the Holder pursuant to Section 1 hereof. If such stock power or powers also relate to unvested SharesCommon Stock, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested SharesCommon Stock.
Appears in 1 contract
Samples: Non Employee Director Restricted Stock Award Agreement (Aviv Reit, Inc.)
Custody and Delivery of Shares. The Shares shares of Stock subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares shares of Stock duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 6.1 hereof, the vested Shares Stock shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares shares of Stock subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 6.1 hereof, deliver the certificate or certificates for the vested Shares Stock to the Holder and destroy the stock power or powers relating to the vested Shares Stock delivered by the Holder pursuant to Section 1 hereof. If such stock power or powers also relate to unvested SharesStock, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested SharesStock.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Cobra Electronics Corp)
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 hereof, the vested Shares shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole vested pursuant to Section 4 hereof. After all or in part, any portion of the Award shall have vested pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicableshall, subject to Section 5.3 6.1 hereof, transfer the vested Shares on its books or deliver the certificate or certificates for the vested Shares, as applicable, to a brokerage account in the name of the Holder as designated by the Holder. If the Company delivers certificate(s) for the vested Shares pursuant to the Holder and foregoing sentence, the Company shall also destroy the stock power or powers relating to the such vested Shares delivered by the Holder pursuant to Section 1 hereof. If ; provided that, if such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Angel Oak Mortgage, Inc.)
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 11.C hereof, the vested Shares Stock shall be delivered to the Holder Grantee as the Holder Grantee shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 11.C hereof, deliver the certificate or certificates for the vested Shares Stock to the Holder Grantee and destroy the stock power or powers relating to the vested Shares Stock delivered by the Holder Grantee pursuant to Section 1 3 hereof. If such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares.
Appears in 1 contract
Custody and Delivery of Shares. The Shares shares of Stock subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares shares of Stock duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 hereof, and as soon thereafter as practicable, subject to Section 5.3 7.1 hereof, the vested Shares Stock shall be delivered to the Holder as the Holder shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares shares of Stock subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 7.1 hereof, deliver the certificate or certificates for the vested Shares Stock to the Holder and destroy the stock power or powers relating to the vested Shares Stock delivered by the Holder pursuant to Section 1 hereof. If such stock power or powers also relate to unvested SharesStock, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 3, the execution and delivery to the Company of one or more stock powers relating to such unvested SharesStock.
Appears in 1 contract
Samples: Employee Restricted Stock Award Agreement (Thermon Holding Corp.)
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested vested, in whole or in part, pursuant to Section 4 6 hereof, and as soon thereafter as practicable, subject to Section 5.3 14.C hereof, the vested Shares Stock shall be delivered to the Holder Grantee as the Holder Grantee shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Section 4 6 hereof, and the Company shall as soon thereafter as practicable, subject to Section 5.3 14.C hereof, deliver the certificate or certificates for the vested Shares Stock to the Holder Grantee and destroy the stock power or powers relating to the vested Shares Stock delivered by the Holder Grantee pursuant to Section 1 3 hereof. If such stock power or powers also relate to unvested SharesStock, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 35, the execution and delivery to the Company of one or more stock powers relating to such unvested SharesStock.
Appears in 1 contract