Custody of Stock. The Company will deliver the Certificates to the Secretary of the Company ("Secretary"), to be held in escrow in accordance with the terms of this Agreement. Simultaneously with the delivery of the Certificates, Executive will sign and deliver to the Secretary an undated stock power with respect to each of the Certificates, authorizing the Secretary to transfer title to each Certificate to the Company, in the event that Executive forfeits all or a portion of the Stock in accordance with the terms of this Agreement.
Appears in 7 contracts
Samples: Employment Agreement (Cdi Corp), Employment Agreement (Cdi Corp), Employment Agreement (Cdi Corp)
Custody of Stock. The Company will deliver the Certificates to the Secretary of the Company ("βSecretary"β), to be held in escrow in accordance with the terms of this Agreement. Simultaneously with the delivery of the Certificates, Executive will sign and deliver to the Secretary an undated stock power with respect to each of the Certificates, authorizing the Secretary to transfer title to each Certificate to the Company, in the event that Executive forfeits all or a portion of the Stock in accordance with the terms of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Cdi Corp), Employment Agreement (Cdi Corp)
Custody of Stock. The Company will deliver the Certificates to the Secretary of the Company (the "Secretary"), to be held in escrow in accordance with the terms of this Agreement. Simultaneously with the delivery of the Certificates, Executive will sign and deliver to the Secretary an undated stock power with respect to each of the Certificates, authorizing the Secretary to transfer title to each Certificate to the Company, in the event that Executive forfeits all or a portion of the Stock in accordance with the terms of this Agreement.
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