Common use of Delivery of Vested Shares Clause in Contracts

Delivery of Vested Shares. No Vested Shares shall be delivered pursuant to this Agreement until the approval of any governmental authority required in connection with this Agreement, or the issuance of Vested Shares hereunder, has been received by the Company. The Committee will delay delivery of Vested Shares until the restrictions of Section 5 lapse.

Appears in 7 contracts

Samples: Employee Restricted Stock Agreement (Holly Corp), Employee Restricted Stock Agreement (Holly Corp), Executive Restricted Stock Agreement (Holly Corp)

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Delivery of Vested Shares. No Vested Shares shall be delivered pursuant to this Agreement until the approval of any governmental authority required in connection with this Agreement, or the issuance of Vested Shares hereunder, has been received by the Company. The Committee will delay delivery of Vested Shares until the restrictions of Section 5 8 lapse.

Appears in 4 contracts

Samples: Executive Restricted Stock Agreement (Holly Corp), Executive Restricted Stock Agreement (Holly Corp), Executive Restricted Stock Agreement (Holly Corp)

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