Common use of Delivery of Restricted Stock Clause in Contracts

Delivery of Restricted Stock. The Restricted Stock hereby awarded shall be maintained in “book-entry” form, registered in the Non-Employee Director’s name on the stock transfer books of the Company, and no actual certificates therefore shall be delivered by the Company. Upon vesting, a stock certificate evidencing the Restricted Stock shall be issued by the Company. The Non-Employee Director shall be the record owner of the Restricted Stock until such Restricted Stock is forfeited pursuant to Section 2 hereof. As record owner, the Non-Employee Director shall be entitled to all rights of a holder of the Common Stock, except (1) as set forth in Section 2(e) of this Agreement, (2) that any and all shares of Common Stock or other securities received by the Non-Employee Director with respect to the unvested Restricted Stock as a result of a stock split, spin-off, split-off, recapitalization, capital reorganization, reclassification of shares of Common Stock, merger or consolidation shall be deemed to be Restricted Stock subject to all of the provisions of this Agreement and shall vest at the same time as the Restricted Stock giving rise to such additional shares or securities received, and (3) that until the Restricted Stock Vesting Date, the Restricted Stock shall be subject to the limitations on transfer set forth in the Plan and Section 8 of this Agreement, and the Company may so limit transfers of the Restricted Stock on its books. The Non-Employee Director agrees to take such action and execute such instruments which the Company may deem necessary or advisable to accept, maintain, receive or transfer the Restricted Stock in accordance with the Plan and this Agreement.

Delivery of Restricted Stock. The Restricted Stock hereby awarded shall be maintained in “book-entry” form, registered in the Non-Employee Director’s name on the stock transfer books of the Company, and no actual certificates therefore shall be delivered by the Company. Upon vesting, a stock certificate evidencing the Restricted Stock shall be issued by the Company. The Non-Employee Director shall be the record owner of the Restricted Stock until such Restricted Stock is forfeited pursuant to Section 2 hereof. As record owner, the Non-Employee Director shall be entitled to all rights of a holder of the Common Stock, except that (1) as set forth in Section 2(e) of this Agreement, (2) that any and all shares of Common Stock or other securities received by the Non-Employee Director with respect to the unvested Restricted Stock as a result of a stock dividend, stock split, spin-off, split-off, recapitalization, capital reorganization, reclassification of shares of Common Stock, merger or consolidation shall be deemed to be Restricted Stock subject to all of the provisions of this Agreement and shall vest at the same time as the Restricted Stock giving rise to such additional shares or securities received, and (32) that until the Restricted Stock Vesting Date, the Restricted Stock shall be subject to the limitations on transfer set forth in the Plan and Section 8 of this Agreement, and the Company may so limit transfers of the Restricted Stock on its books. The Non-Employee Director agrees to take such action and execute such instruments which the Company may deem necessary or advisable to accept, maintain, receive or transfer the Restricted Stock in accordance with the Plan and this Agreement.

Delivery of Restricted Stock. The Restricted Stock hereby awarded shall be maintained in “book-entry” form, registered in the Non-Employee DirectorParticipant’s name on the stock transfer books of the Company, and no actual certificates therefore shall be delivered by the Company. Upon vestingAs a condition to the receipt of the Restricted Stock, a stock certificate evidencing the Participant is required to open an account with the third party administering the Company’s equity awards programs (currently Cxxxxxx Sxxxxx) (the “Administrator”), and as and to the extent such Restricted Stock shall vest pursuant to Section 2, the Company shall cause the shares of vested Restricted Stock (net of any shares required to be issued by withheld) to be credited to the CompanyParticipant’s account with the Administrator. The Non-Employee Director Participant shall be the record owner of the Restricted Stock until or unless such Restricted Stock is forfeited pursuant to Section 2 hereof. As record owner, the Non-Employee Director Participant shall be entitled to all rights of a holder of the Common Stock, except that (1) as set forth in Section 2(e) of this Agreement, (2) that any and all shares of Common Stock or other securities received by the Non-Employee Director Participant with respect to the unvested Restricted Stock as a result of a stock dividend, stock split, spin-off, split-off, recapitalization, capital reorganization, reclassification of shares of Common Stock, merger or consolidation shall be deemed to be Restricted Stock subject to all of the provisions of this Agreement and shall vest at the same time as the Restricted Stock giving rise to such additional shares or securities received, and (32) that until the Restricted Stock Vesting Date, the Restricted Stock shall be subject to the limitations on transfer set forth in the Plan and Section 8 11 of this Agreement, and the Company may so limit transfers of the Restricted Stock on its books. The Non-Employee Director Participant agrees to take such action and execute such instruments which the Company or the Administrator may deem necessary or advisable to accept, maintain, receive or transfer the Restricted Stock in accordance with the Plan and this Agreement.

Delivery of Restricted Stock. The Restricted Stock hereby awarded shall be maintained in “book-entry” form, registered in the Non-Employee DirectorParticipant’s name on the stock transfer books of the Company, and no actual certificates therefore shall be delivered by the Company. Upon vestingAs a condition to the receipt of the Restricted Stock, a stock certificate evidencing the Participant is required to open an account with the third party administering the Company’s equity awards programs (currently Xxxxxxx Xxxxxx) (the “Administrator”), and as and to the extent such Restricted Stock shall vest pursuant to Section 2, the Company shall cause the shares of vested Restricted Stock (net of any shares required to be issued by withheld) to be credited to the CompanyParticipant’s account with the Administrator. The Non-Employee Director Participant shall be the record owner of the Restricted Stock until such Restricted Stock is forfeited pursuant to Section 2 hereof. As record owner, the Non-Employee Director Participant shall be entitled to all rights of a holder of the Common Stock, except that (1) as set forth in Section 2(e) of this Agreement, (2) that any and all shares of Common Stock or other securities received by the Non-Employee Director Participant with respect to the unvested Restricted Stock as a result of a stock dividend, stock split, spin-off, split-off, recapitalization, capital reorganization, reclassification of shares of Common Stock, merger or consolidation shall be deemed to be Restricted Stock subject to all of the provisions of this Agreement and shall vest at the same time as the Restricted Stock giving rise to such additional shares or securities received, and (32) that until the Restricted Stock Vesting Date, the Restricted Stock shall be subject to the limitations on transfer set forth in the Plan and Section 8 10 of this Agreement, and the Company may so limit transfers of the Restricted Stock on its books. The Non-Employee Director Participant agrees to take such action and execute such instruments which the Company or the Administrator may deem necessary or advisable to accept, maintain, receive or transfer the Restricted Stock in accordance with the Plan and this Agreement.

Delivery of Restricted Stock. The Restricted Stock hereby awarded shall be maintained in “book-entry” form, registered in the Non-Employee DirectorParticipant’s name on the stock transfer books of the Company, and no actual certificates therefore shall be delivered by the Company. Upon vestingAs a condition to the receipt of the Restricted Stock, a stock certificate evidencing the Participant is required to open an account with the third party administering the Company’s equity awards programs (currently Xxxxxxx Xxxxxx) (the “Administrator”), and[, subject to the applicable performance conditions on Schedule A having been satisfied,] as and to the extent such Restricted Stock shall vest pursuant to Section 2, the Company shall cause the shares of vested Restricted Stock (net of any shares required to be issued by withheld) to be credited to the CompanyParticipant’s account with the Administrator. The Non-Employee Director Participant shall be the record owner of the Restricted Stock until such Restricted Stock is forfeited pursuant to Section 2 hereof. As record owner, the Non-Employee Director Participant shall be entitled to all rights of a holder of the Common Stock, except that (1) as set forth in Section 2(e) of this Agreement, (2) that any and all shares of Common Stock or other securities received by the Non-Employee Director Participant with respect to the unvested Restricted Stock as a result of a stock dividend, stock split, spin-off, split-off, recapitalization, capital reorganization, reclassification of shares of Common Stock, merger or consolidation shall be deemed to be Restricted Stock subject to all of the provisions of this Agreement and shall vest at the same time as the Restricted Stock giving rise to such additional shares or securities received, and (32) that until the Restricted Stock Vesting Date, the Restricted Stock shall be subject to the limitations on transfer set forth in the Plan and Section 8 10 of this Agreement, and the Company may so limit transfers of the Restricted Stock on its books. The Non-Employee Director Participant agrees to take such action and execute such instruments which the Company or the Administrator may deem necessary or advisable to accept, maintain, receive or transfer the Restricted Stock in accordance with the Plan and this Agreement.