Common use of Irrevocable Stock Powers Clause in Contracts

Irrevocable Stock Powers. To facilitate the escrow of the Shares and any reconveyance of the Shares to the Company upon forfeiture, sale of the Shares or any other event, the Executive has delivered to the Company the Irrevocable Stock Power attached as Exhibit “A” hereto, with respect to the Shares, executed by the Executive in blank as of the date of this Agreement. The Executive will execute such additional Irrevocable Stock Powers as may be required by the Company. As soon as practicable after the vesting of any Shares, the Company shall issue or reissue to the Executive (or to the Executive’s designated beneficiary in the event of the Executive’s death), one or more certificates for the Shares represented by the Grant.

Irrevocable Stock Powers. To facilitate the escrow of the Shares and any reconveyance of the Shares to the Company upon forfeiture, sale of the Shares or any other event, the Executive has delivered to the Company the Irrevocable Stock Power attached as Exhibit “A” A hereto, with respect to the Shares, executed by the Executive in blank as of the date of this Agreement. The Executive will execute such additional Irrevocable Stock Powers as may be required by the Company. As soon as practicable after the vesting of any Shares, the Company shall issue or reissue to the Executive (or to the Executive’s designated beneficiary in the event of the Executive’s death), one or more certificates for the Shares represented by the Grant.