Delivery of the Common Shares. Subject to Section 2(d) below, upon the lapse of the Period of Restriction with respect to a Restricted Unit, the Restricted Unit shall be converted into the right to receive a Common Share, and the Company will deliver to the Participant a Common Share for each such Unit on the applicable date of the lapse of the Period of Restriction or as soon as practicable (and in all events within 60 days) thereafter. The form of delivery (e.g., a share certificate or electronic entry evidencing such shares) shall be determined by the Company.
Appears in 2 contracts
Samples: Restricted Common Share Unit Award Agreement (Whitestone REIT), Restricted Common Share Unit Award Agreement (Whitestone REIT)
Delivery of the Common Shares. Subject to Section 2(d) below, upon the lapse of the Period of Restriction with respect to a Restricted Unit, the Restricted Unit shall be converted into the right to receive a Common Share, and the Company will deliver to the Participant a number of Common Share for each such Unit Shares equal to the number of Units subject to this Award, on the applicable date of the lapse of the Period of Restriction or as soon as practicable (and in all events within 60 days) thereafter. The form of delivery (e.g., a share certificate or electronic entry evidencing such shares) shall be determined by the Company.
Appears in 2 contracts
Samples: Restricted Unit Award Agreement (Whitestone REIT), Restricted Unit Award Agreement (Whitestone REIT)
Delivery of the Common Shares. Subject to Section 2(d) below, upon the lapse of the Period of Restriction with respect to a Restricted Unit, the Restricted Unit shall be converted into the right to receive a Common Share, and the Company will deliver to the Participant a number of Common Share for each such Unit Shares equal to the number of Units subject to this Award, on the applicable date of the lapse of the Period of Restriction or as soon as practicable (and in all events within 60 days) thereafter. The form of delivery (e.g., a share certificate or electronic entry evidencing such shares) shall be determined by the Company.
Appears in 1 contract
Samples: Restricted Common Share Unit Award Agreement (Whitestone REIT)