Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Participant’s name and shall be held in escrow by the Company until all restrictions lapse or such Award Shares are forfeited or resold to the Company as provided herein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Participant (or the Participant’s executor or personal representative in the case of the Participant’s death) upon such lapse of restrictions.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (Franklin Electric Co Inc), Restricted Stock Award Agreement (Franklin Electric Co Inc), Restricted Stock Award Agreement (Franklin Electric Co Inc)
Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Participant’s 's name and shall be held in escrow by the Company until all restrictions lapse or such Award Shares are forfeited or resold to the Company as provided herein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Participant (or the Participant’s 's executor or personal representative in the case of the Participant’s 's death) upon such lapse of restrictions.
Appears in 4 contracts
Samples: Restricted Stock Award Agreement (Franklin Electric Co Inc), Restricted Stock Award Agreement (Franklin Electric Co Inc), Restricted Stock Award Agreement (Franklin Electric Co Inc)
Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Participant’s Grantee's name and shall be held in escrow by the Company Company's transfer agent until all restrictions lapse or such Award Shares shares are forfeited or resold to the Company as provided herein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to upon the Participant (or the Participant’s executor or personal representative in the case of the Participant’s death) Grantee's request upon such lapse of restrictionslapse.
Appears in 2 contracts
Samples: Employment and Retention Agreement (Citizens Communications Co), Restricted Stock Agreement (Citizens Utilities Co)
Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Participant’s 's name and shall be held in escrow by the Company until all restrictions lapse or such Award Shares are forfeited or resold to the Company as provided herein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Participant (or the Participant’s 's executor or personal representative in the case of the Participant’s 's death) upon such lapse of restrictions.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Franklin Electric Co Inc)
Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Participant’s name and shall be held in escrow by the Company until all restrictions lapse or such Award Shares are forfeited or resold to the Company as provided herein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Participant (or the Participant’s executor or personal representative in the case of the Participant’s death) upon such lapse of restrictions.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Franklin Electric Co Inc)
