Common use of Distribution of Common Stock Clause in Contracts

Distribution of Common Stock. As soon as practicable after the Restricted Stock Units shall have vested as set forth in Section 2, the Company shall issue certificates representing the Common Stock underlying the vested Restricted Stock Units. The shares of Common Stock issued upon vesting of the Restricted Stock Units shall be subject to the terms of the Pledge and Security Agreement, dated the date hereof, between the Company and Grantee (the "Pledge Agreement"), and the certificates representing such shares of Common Stock shall be held by the Company pursuant to the terms of the Pledge Agreement. As a condition to the issuance of shares of Common Stock upon vesting of the Restricted Stock Units, Grantee shall deliver to the Company a stock power, executed in blank, with respect to such shares.