Common use of Executive Consent Clause in Contracts

Executive Consent. For purposes of the Company’s enforcement of this Article III, the Executive expressly and explicitly authorizes the Company to issue instructions, on the Executive’s behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold any cash payments, Shares or other amounts acquired by the Executive under the Plan to re-convey, transfer or otherwise return such cash payments, Shares or other amounts to the Company.

Appears in 7 contracts

Samples: Restricted Stock Unit Agreement (W.W. Grainger, Inc.), Performance Stock Unit Agreement (W.W. Grainger, Inc.), Restricted Stock Unit Agreement (W.W. Grainger, Inc.)

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