Initial Issuance. The Restricted Stock shall be issued as soon as practicable in the name of the Participant but shall be held in a segregated account by the transfer agent of the Company. Unless forfeited as provided herein, Restricted Stock eligible for release pursuant to the terms hereof shall cease to be held in such segregated account and certificates for such Restricted Stock shall be delivered or such Restricted Stock shall be transferred electronically to the Participant on the applicable Release Date.
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Samples: Restricted Stock Agreement (Whiting Petroleum Corp), Restricted Stock Agreement (Whiting Petroleum Corp), Restricted Stock Agreement (Whiting Petroleum Corp)
Initial Issuance. The Restricted Stock shall be issued as soon as practicable in the name of the Participant but shares that are subject to the restrictions set forth in Section 2 shall be held in a segregated account by the transfer agent of the Company. If the shares subject to restrictions are held in certificated form, those certificates shall be endorsed in blank by the Participant. Unless forfeited as provided herein, shares of Restricted Stock eligible for release pursuant to the terms hereof shall cease to be held in such segregated account and certificates for such Restricted Stock shall be delivered or such Restricted Stock shall be transferred electronically to the Participant on the applicable Release Date.
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