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

Delivery of Shares of Common Stock. (a) Subject to the provisions of this Agreement and the Plan, in the event one or more Stock Units vests, the Company shall deliver to you one (1) share of Common Stock for each Stock Unit that vests on the applicable vesting date. However, if a scheduled delivery date falls on a date that is not a business day, such delivery date shall instead fall on the next following business day. (b) The form of such delivery (e.g., a stock certificate or electronic entry evidencing such shares) shall be determined by the Company.

Appears in 4 contracts

Samples: Non Employee Director Stock Unit Award Agreement (Xenoport Inc), Stock Unit Award Agreement (Xenoport Inc), Stock Unit Award Agreement (Xenoport Inc)

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