Common use of Custody of Certificates Clause in Contracts

Custody of Certificates. Custody of stock certificates evidencing the Restricted Stock shall be retained by the Company so long as the Restricted Stock is not Vested. The Company reserves the right to place a legend on each certificate restricting the transferability of shares evidenced by the certificate. The Company shall deliver to Participant the stock certificates evidencing the Common Stock as soon as practicable after the Restricted Stock becomes Vested.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Middleburg Financial Corp), Restricted Stock Award Agreement (Middleburg Financial Corp), Restricted Stock Award Agreement (Middleburg Financial Corp)

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Custody of Certificates. Custody of stock certificates evidencing the Restricted Stock shall be retained by the Company Corporation so long as the Restricted Stock is not Vested. The Company Corporation reserves the right to place a legend on each certificate restricting the transferability of shares evidenced by the certificate. The Company Corporation shall deliver to Participant the stock certificates evidencing the Common Stock as soon as practicable after the Restricted Stock becomes Vested.

Appears in 3 contracts

Samples: Stock Award Agreement (Central Virginia Bankshares Inc), Restricted Stock Award Agreement (Valley Financial Corp /Va/), Restricted Stock Award Agreement (Transcommunity Financial Corp)

Custody of Certificates. Custody of all stock certificates evidencing the shares of Restricted Stock shall be retained by the Company for so long as the Restricted Stock is such shares are not Vested. The Company reserves the right to shall place a legend on each certificate evidencing a share of Restricted Stock restricting the transferability transfer of shares evidenced by the certificatesuch share. The Company shall deliver to Participant the stock certificates evidencing the Common Stock as As soon as practicable after the shares of Restricted Stock becomes become Vested, the Company shall remove the restrictive legend and deliver to Participant one ore more stock certificates evidencing such shares.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Shore Bancshares Inc), Form of Restricted Stock Award Agreement (Shore Bancshares Inc)

Custody of Certificates. Custody of all stock certificates evidencing the shares of Restricted Stock shall be retained by the Company Corporation for so long as the Restricted Stock is such shares are not Vestedvested. The Company reserves the right to Corporation shall place a legend on each certificate evidencing a share of Restricted Stock restricting the transferability transfer of shares evidenced by the certificatesuch share. The Company shall deliver to Participant the stock certificates evidencing the Common Stock as As soon as practicable after the shares of Restricted Stock becomes Vestedbecome vested, the Corporation shall remove the restrictive legend and deliver to the Employee one ore more stock certificates evidencing that number of freely transferable shares of Common Stock equal to the number of vested shares of Restricted Stock.

Appears in 2 contracts

Samples: Restricted Stock Agreement (First United Corp/Md/), Restricted Stock Agreement (First United Corp/Md/)

Custody of Certificates. Custody of stock certificates evidencing the Restricted Stock (if the Restricted Stock is issued in certificated form) shall be retained by the Company Corporation so long as the Restricted Stock is not Vested. The Company Corporation reserves the right to place a legend on each certificate restricting the transferability of shares evidenced by the any certificate. The Company Corporation shall deliver to the Participant the stock certificate or certificates evidencing (or cause the Common Stock Corporation’s transfer agent to make a book-entry or electronic notation) as soon as practicable after the Restricted Stock becomes Vested.

Appears in 1 contract

Samples: Restricted Stock Agreement (Eastern Virginia Bankshares Inc)

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Custody of Certificates. Custody of all stock certificates evidencing the shares of Restricted Stock shall be retained by the Company Corporation for so long as the Restricted Stock is such shares are not Vested. The Company reserves the right to Corporation shall place a legend on each certificate evidencing a share of Restricted Stock restricting the transferability transfer of shares evidenced by the certificate. The Company shall deliver to Participant the stock certificates evidencing the Common Stock as soon as practicable after the Restricted Stock becomes Vestedsuch share.

Appears in 1 contract

Samples: Restricted Stock Agreement (Avatech Solutions Inc)

Custody of Certificates. Custody of stock certificates evidencing the Restricted Stock shall be retained by the Company Corporation so long as the Restricted Stock is not Vested. The Company reserves the right to place a legend on each certificate restricting the transferability of shares evidenced by the certificate. The Company Corporation shall deliver to Participant the stock certificates evidencing the Common Stock as soon as practicable after the Restricted Stock becomes Vested.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Valley Financial Corp /Va/)

Custody of Certificates. Custody of all stock certificates evidencing the Restricted Stock Shares hereunder shall be retained by the Company Company, or its designated agent, for so long as the such Restricted Stock is Shares are not Vestedvested. The Company reserves the right to shall place a legend on each certificate evidencing any Restricted Shares restricting the transferability transfer of shares evidenced by the certificatesuch Shares represented thereby. The Company shall deliver to Participant the stock certificates evidencing the Common Stock as As soon as practicable after the Restricted Stock becomes VestedVesting Date, the Company shall remove the restrictive legend and deliver to Participant stock certificates or other rights evidencing such Shares and the absence of any forfeiture or transfer restrictions applicable to such Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Oxford Industries Inc)

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