Common use of Grant of Restricted Stock Award Clause in Contracts

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth in the Award Summary a restricted stock award (the “Award”) for the number of shares of Common Stock set forth in the Award Summary on the terms and conditions set forth in the Award Summary and this Agreement, which shares are subject to adjustment pursuant to Section 15 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates, but the Participant shall not have any other rights as a stockholder with respect to such shares.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc)

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Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth in the Award Summary a restricted stock award (the “Award”) for the number of shares of Common Stock set forth in the Award Summary on the terms and conditions set forth in the Award Summary and this Agreement, which shares are subject to adjustment pursuant to Section 15 of the Plan. The Company shall cause to be issued one or more stock certificates (or, upon request and if permitted in the Administrator’s discretion, an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates agent) representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificatescertificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a stockholder shareholder with respect to such shares.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth in the above a Restricted Stock Award Summary a restricted stock award (the “Award”) for the number of ( ) shares of Common Stock set forth in Stock, par value $.10 per share, of the Award Summary Company (the “Shares”) on the terms and conditions set forth in the Award Summary and this Agreementherein, which shares Shares are subject to adjustment pursuant to Section 15 4(c) of the Plan. The Shares shall be issued to the Participant for no cash consideration. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause Shares to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold such certificate “book form” with its transfer agent until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to such Shares. In the shares alternative, in the Company’s sole discretion, the Company shall cause to be issued one or more stock certificates representing such Shares in the Participant’s name, and shall hold each such certificate (together with a stock power duly executed in blank by the Participant) represented by the certificate. The Company may also shall place a legend in such book entry or on such certificates describing the risks risk of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock Shares are forfeited as provided in Section 2 below. Until such risks risk of forfeiture have has lapsed or the shares Shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by Shares and shall receive all dividends or other distributions attributable to such stock certificatesShares, but the Participant shall not have any other rights as a stockholder shareholder with respect to such sharesShares.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Cantel Medical Corp), Restricted Stock Agreement (Cantel Medical Corp), Restricted Stock Agreement (Cantel Medical Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth in the Award Summary above a restricted stock award (the “Award”) for the number of _________________ shares of Common Stock set forth in the Award Summary on the terms and conditions set forth in the Award Summary and this Agreementherein, which shares are subject to adjustment pursuant to Section 15 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such book entry or stock certificates, but the Participant shall not have any other rights as a stockholder with respect to such shares.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth in the Award Summary above a restricted stock award (the “Award”) for the number of __________________ (_________________) shares of Common Stock set forth in the Award Summary on the terms and conditions set forth in the Award Summary and this Agreementherein, which shares are subject to adjustment pursuant to Section 15 14 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificatescertificates and shall receive all distributions attributable to shares for which the risks of forfeiture have lapsed, but the Participant shall not have any other rights as a stockholder shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Talon Therapeutics, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on effective as of the date set forth in the Award Summary above a restricted stock award (the this “Award”) under the Plan for the number of ( ) shares of Common Stock set forth in the Award Summary on the terms and conditions set forth in the Award Summary and this Agreementherein, which shares are subject to adjustment pursuant to Section 15 14 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares of Common Stock represented by such stock certificatescertificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a stockholder with respect to such shares. Notwithstanding any of the foregoing, at the Administrator’s discretion, shares of Common Stock subject to this Award may be represented by book-entry notations in lieu of stock certificates.

Appears in 1 contract

Samples: Restricted Stock Agreement (Kips Bay Medical, Inc.)

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Grant of Restricted Stock Award. The Company hereby grants to the Participant Participant, on the date set forth in the Award Summary above, a restricted stock award (the “Award”) for the number of _____________________ shares of Common Stock set forth in the Award Summary on the terms and conditions set forth in the Award Summary and this Agreementherein, which shares are subject to adjustment pursuant to Section 15 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, name and shall hold such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock book entries (or certificates, if applicable), but the Participant shall not have any other rights as a stockholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Arts Way Manufacturing Co Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant Grantee on the date set forth in the Award Summary above a restricted stock award (the "Award") for 4,223 shares (the number "Shares") of shares Series OH-1 Convertible Preferred Stock ("OH-1 Stock") of Common Stock set forth in the Award Summary Company on the terms and conditions set forth herein and with the powers, preferences, limitations and relative rights set forth in the Award Summary and this Agreement, which shares are subject to adjustment pursuant to Section 15 Certificate of Designation of the PlanOH-1 Stock. The Company shall cause an entry to be made in the books of the Company make, or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one made, a book entry for such Shares of OH-1 in Grantee's name. The Company will have no obligation to deliver any stock certificate to Grantee representing the Shares or more stock certificates representing such the shares of Company common stock ("Common Stock in the Participant’s name, and shall hold Stock") into which such certificate Shares convert until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the Shares (or shares represented by of Common Stock upon conversion of the certificateShares). The Company may also place a legend in such book entry or on such any certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Grantee, if applicable, and cancellation of such certificates if the shares of Shares (or Common Stock into which the Shares convert) are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares Shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant Grantee shall be entitled to vote the Shares (or shares represented by of Common Stock upon conversion of the Shares) and shall receive all dividends attributable to such stock certificatesShares (or shares of Common Stock upon conversion of the Shares), but the Participant Grantee shall not have any other rights as a stockholder shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Nuvel Holdings, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth in the Award Summary above a restricted stock award (the “Award”) for the number of ________ (_________) shares of Common Stock set forth in the Award Summary on the terms and conditions set forth in the Award Summary and this Agreementherein, which shares are subject to adjustment pursuant to Section 15 14 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificatescertificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a stockholder with respect to such shares. [The Plan permits the Administrator to issue shares in book entry form. Because the default in this Agreement is certificate form, it should be revised if shares are issued in book entry form in a particular instance.]

Appears in 1 contract

Samples: Restricted Stock Agreement (Arts Way Manufacturing Co Inc)

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