Common use of Escrow of Restricted Stock Clause in Contracts

Escrow of Restricted Stock. The Company shall evidence the Restricted Stock in the manner that it deems appropriate, including, without limitation, in book entry form or certificate form. The Company may issue in your name a certificate or certificates representing the Restricted Stock and retain that certificate or those certificates until the restrictions on such Restricted Stock expire as contemplated in Section 5 or 6 of this Agreement or the Restricted Stock are forfeited as described in Sections 4 and 6 of this Agreement. If the Company certificates the Restricted Stock, you shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. The Company shall hold the Restricted Stock and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Stock are delivered to you, (b) the Restricted Stock are otherwise transferred to you free of restrictions, or (c) the Restricted Stock are canceled and forfeited pursuant to this Agreement.

Escrow of Restricted Stock. The Company shall evidence the Restricted Stock in the manner that it deems appropriate, including, without limitation, in book entry form or certificate form. The Company may issue in your the Grantee’s name a certificate or certificates representing the Restricted Stock and retain that certificate or those certificates until the restrictions on such Restricted Stock expire Award lapse as contemplated in Section 5 or 6 of this Agreement or the Restricted Stock are Award is forfeited as described in Sections 4 and 6 of this Agreement. If the Company certificates the Restricted Stock, you the Grantee shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. The Company shall hold the Restricted Stock and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Stock are delivered to youthe Grantee, (b) the Restricted Stock are is otherwise transferred to you the Grantee free of restrictions, or (c) the Restricted Stock are is canceled and forfeited pursuant to this Agreement.

Escrow of Restricted Stock. The Company shall evidence the shares of Restricted Stock in the manner that it deems appropriate, including, without limitation, in book entry form or certificate form. The Company may issue in your name a certificate or certificates representing the shares of Restricted Stock and retain that certificate or those certificates until the restrictions on such shares of Restricted Stock expire as contemplated in Section 5 or Section 6 of this Agreement Agreement, as applicable, or the shares of Restricted Stock are forfeited as described in Sections 4 and 6 of this Agreement. If the Company certificates the Restricted Stock, you shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. The Company shall hold the Restricted Stock and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the shares of Restricted Stock are delivered to you, (b) the shares of Restricted Stock are otherwise transferred to you free of restrictions, or (c) the shares of Restricted Stock are canceled and forfeited pursuant to this Agreement.

Escrow of Restricted Stock. The Company shall evidence the Restricted Stock in the manner that it deems appropriate, including, without limitation, in book entry form or certificate form. The Company may issue in your name a certificate or certificates representing the Restricted Stock and retain that certificate or those certificates until the restrictions on such Restricted Stock Award expire as contemplated in Section 5 or 6 of this Agreement or the Restricted Stock are Award is forfeited as described in Sections 4 and 6 of this Agreement. If the Company certificates the Restricted Stock, you shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. The Company shall hold the Restricted Stock and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Stock are delivered to you, (b) the Restricted Stock are is otherwise transferred to you free of restrictions, or (c) the Restricted Stock are is canceled and forfeited pursuant to this Agreement.