Common use of Grant of Restricted Stock Award Clause in Contracts

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock. Notwithstanding the foregoing, the Company may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards.

Appears in 26 contracts

Samples: Restricted Stock Award (Northfield Bancorp, Inc.), Restricted Stock Award (Northfield Bancorp, Inc.), Restricted Stock Award (Northfield Bancorp, Inc.)

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Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the this Restricted StockStock Award. Notwithstanding the foregoing, the Company may, may in its sole discretion, issue this Restricted Stock Award in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awardsthis Restricted Stock Award.

Appears in 3 contracts

Samples: Restricted Stock Agreement (First Niagara Financial Group Inc), Restricted Stock Agreement (First Niagara Financial Group Inc), Restricted Stock Agreement (First Niagara Financial Group Inc)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock. Notwithstanding the foregoing, the Company may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awardsthis Restricted Stock Award.

Appears in 2 contracts

Samples: Restricted Stock Award (Territorial Bancorp Inc.), Restricted Stock Award Agreement (Territorial Bancorp Inc.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock. The shares of Restricted Stock that will may be registered evidenced in such manner as the name of Committee determines, including electronically and/or solely on the Participant books and held records maintained by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock. Notwithstanding the foregoing, the Company may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awardsagent.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Pathfinder Bancorp, Inc.), Restricted Stock Award Agreement (Esquire Financial Holdings, Inc.)

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Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock. The shares of Restricted Stock that will may be registered evidenced in such manner as the name of Committee determines, including electronically and/or solely on the Participant books and held records maintained by the Companytransfer agent. If certificated, together with the certificates evidencing the Restricted Stock Award will bear a stock power executed by legend restricting the Participant in favor of the Company, pending the vesting or forfeiture transferability of the Restricted Stock. Notwithstanding the foregoing, the Company may, in its sole discretion, issue The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in any other format (e.g., electronically) in order to facilitate accordance with the paperless transfer terms of such Awardsthe Plan and this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (First Seacoast Bancorp, Inc.)

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