Common use of Delivery of the Common Shares Clause in Contracts

Delivery of the Common Shares. Subject to Section 2(d) below, upon the lapse of the Period of Restriction with respect to a Unit, the Unit shall be converted into the right to receive a Common Share, and the Company will deliver to the Participant a number of Common 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 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)

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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 Shares equal to the number of Units subject to this Award, 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)

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Delivery of the Common Shares. Subject to Section 2(d) below, upon the lapse of the Period of Restriction with respect to a Unit, the Unit shall be converted into the right to receive a Common Share, and the Company will deliver to the Participant a number of Common 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)

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