Delivery of Award Shares. Certificates representing the Award Shares will be registered in your name but remain in the physical custody of the Company until the Award Shares have vested. In the event that all or a portion of the Award Shares are forfeited for any reason, those shares will revert back to the Company without payment to you of any consideration.
Appears in 2 contracts
Samples: Employee Stock Award Agreement (Applera Corp), Employee Stock Award Agreement (Applera Corp)
Delivery of Award Shares. Certificates representing the Award Shares will be registered in your name but but, at the discretion of the Management Resources Committee of the Board of Directors of the Company (the “Committee”), may remain in the physical custody of the Company or an escrow holder until the Award Shares have vested. In the event that all or a portion of the Award Shares are forfeited for any reason, those shares will revert back to the Company without payment to you of any consideration.
Appears in 2 contracts
Samples: Restricted Stock Bonus Agreement (Applera Corp), Restricted Stock Bonus Agreement (Applera Corp)
