Common use of Delivery of Certificates Upon Vesting Clause in Contracts

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant to Section 3 and the satisfaction of any and all related tax withholding obligations pursuant to Section 10, the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form which have vested or deliver to the Participant a certificate or certificates evidencing the number of shares of Restricted Stock which have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 10). The Participant (or the Beneficiary or Personal Representative of the Participant in the event of the Participant’s death or incapacity, as the case may be) shall deliver to the Corporation any representations or other documents or assurances as the Corporation may deem necessary or reasonably desirable to ensure compliance with all applicable legal and regulatory requirements. The shares so delivered shall no longer be restricted shares hereunder.

Appears in 1 contract

Samples: Director Restricted Stock Award Agreement (International Game Technology)

AutoNDA by SimpleDocs

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant have vested, and all other conditions and restrictions applicable to Section 3 and the such Restricted Stock have been satisfied or lapse (including satisfaction of any and all related tax withholding obligations pursuant to Section 10applicable Withholding Taxes), the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form which have vested or deliver to the Participant Director a certificate or certificates evidencing the number of shares of Restricted Stock which have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 109). The Participant Director (or the Beneficiary beneficiary or Personal Representative personal representative of the Participant Director in the event of the ParticipantDirector’s death or incapacityPermanent Disability, as the case may be) shall deliver to the Corporation any representations or other documents or assurances as the Corporation may deem necessary or reasonably desirable to ensure assure compliance with all applicable legal and regulatory accounting requirements. The shares so delivered shall no longer be restricted shares Restricted Stock hereunder.

Appears in 1 contract

Samples: Restricted Stock Agreement (Quiksilver Inc)

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant to Section 3 and the satisfaction of any and all related tax withholding obligations pursuant to Section 10, the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form which have vested or deliver to the Participant Executive a certificate or certificates evidencing the number of shares of Restricted Stock which have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 10). The Participant Executive (or the Beneficiary or Personal Representative of the Participant Executive in the event of the ParticipantExecutive’s death or incapacity, as the case may be) shall deliver to the Corporation any representations or other documents or assurances as the Corporation may deem necessary or reasonably desirable to ensure compliance with all applicable legal and regulatory requirements. The shares so delivered shall no longer be restricted shares hereunder.

Appears in 1 contract

Samples: Employment Agreement (International Game Technology)

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant to Section 3 and the satisfaction of any and all related tax withholding obligations pursuant to Section 10, the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form which have vested or deliver to the Participant Grantee a certificate or certificates evidencing the number of shares of Restricted Stock which have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 10). The Participant Grantee (or the Beneficiary or Personal Representative of the Participant Grantee in the event of the Participant’s Grantee's death or incapacity, as the case may be) shall deliver to the Corporation any representations or other documents or assurances as the Corporation may deem necessary or reasonably desirable to ensure compliance with all applicable legal and regulatory requirements. The shares so delivered shall no longer be restricted shares hereunder.

Appears in 1 contract

Samples: Option Agreement (International Game Technology)

AutoNDA by SimpleDocs

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant have vested, and all other conditions and restrictions applicable to Section 3 and the such Restricted Stock have been satisfied or lapse (including satisfaction of any and all related tax withholding obligations pursuant to Section 10applicable Withholding Taxes), the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form which have vested or deliver to the Participant a certificate or certificates evidencing the number of shares of Restricted Stock which have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 109). The Participant (or the Beneficiary beneficiary or Personal Representative personal representative of the Participant in the event of the Participant’s death or incapacityPermanent Disability, as the case may be) shall deliver to the Corporation any representations or other documents or assurances as the Corporation may deem necessary or reasonably desirable to ensure assure compliance with all applicable legal and regulatory accounting requirements. The shares so delivered shall no longer be restricted shares Restricted Stock hereunder.

Appears in 1 contract

Samples: Restricted Stock Agreement (Quiksilver Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.