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Common use of Delivery of Common Shares Clause in Contracts

Delivery of Common Shares. Subject to satisfaction of any tax withholding obligation described in Section 5 below, Shares that are no longer subject to forfeiture will be transferred and delivered to the Executive as soon as administratively practicable after the date on which they vest in accordance with Section 2.1. Upon the vesting of the Shares, the prohibition against the sale or transfer of such Shares will be lifted, and such Shares may be treated as any other Common Shares, subject to any restrictions on transfer that may be applicable under federal securities laws.

Appears in 4 contracts

Samples: Employment Agreement (Heska Corp), Restricted Stock Grant Agreement (Heska Corp), Restricted Stock Grant Agreement (Heska Corp)