Common use of Delivery following Vesting Clause in Contracts

Delivery following Vesting. Promptly after they become vested, the Company shall deliver to Grantee (or Grantee’s legal representative) the shares of vested Restricted Stock in certificate form, with appropriate securities act legends; provided, however, that the Company need not deliver such shares to Grantee until Grantee has paid or caused to be paid all taxes required to be withheld pursuant to Section 3 hereof.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Power of the Dream Ventures Inc), Restricted Stock Agreement (iGlue, Inc.), Restricted Stock Agreement (Power of the Dream Ventures Inc)

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