Common use of Delivery of Shares of Common Stock Clause in Contracts

Delivery of Shares of Common Stock. The shares of Common Stock resulting from the conversion of your vested RSUs and Dividend Equivalents, shall be delivered to you or to an account set up for your benefit with a broker/dealer designated by the Company (the “Broker/Dealer Account”) within a reasonable time (generally 3 days) after such shares are converted as described in the section of this Amendment entitled Conversion to Common Stock, above. Such shares shall be delivered on or before March 15 of the calendar year following the calendar year during which the RSUs and Dividend Equivalents became vested; except that to the extent such shares are to be delivered in connection with your Retirement Payment Date, such shares shall be delivered within 60 days after your Retirement Payment Date. AEP Common Stock and all LTIP participants remain subject to all applicable legal and regulatory restrictions such as xxxxxxx xxxxxxx restrictions and black-out periods.

Appears in 5 contracts

Samples: Certain Restricted Stock (Southwestern Electric Power Co), Certain Restricted Stock (American Electric Power Co Inc), Certain Restricted Stock (Appalachian Power Co)

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