Common use of Issuance and Custody of Certificates Clause in Contracts

Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the Shares. (c) Upon vesting, the Company shall promptly cause your Vested Shares (less any Shares that may have been withheld to pay taxes) to be delivered to you, free of the restrictions and/or legend described in Section 7(a) hereof, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicable.

Appears in 6 contracts

Samples: Employment Agreement (Proquest Co), Employment Agreement (Voyager Learning CO), Employment Agreement (Voyager Learning CO)

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Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the Shares. (c) Upon vestingvesting and upon your request, the Company shall promptly cause your Vested Shares (less any Shares that may have been withheld to pay taxes) to be delivered to you, free of the restrictions and/or legend described in Section 7(a) hereof, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicable.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Young Innovations Inc), Restricted Stock Agreement (Young Innovations Inc), Restricted Stock Agreement (Clinical Data Inc)

Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the SharesShares as a condition to the receipt of this Award of Restricted Stock. (c) Upon vestingAfter any Shares vest pursuant to Section 3, 4 or 5 hereof, and following payment of the applicable withholding taxes pursuant to Section 9 hereof, the Company shall promptly cause your Vested such vested Shares (less any Shares that may have been shares withheld to pay taxes) to be delivered to you), free of the restrictions and/or legend described in Section 7(a) hereof, to be delivered, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicablethe case may be.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Darden Restaurants Inc), Restricted Stock Award Agreement (Darden Restaurants Inc)

Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-book- entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the Shares. (c) Upon vesting, the Company shall promptly cause your Vested Shares (less any Shares that may have been withheld to pay taxes) to be delivered to you, free of the restrictions and/or legend described in Section 7(a) hereof, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicable.

Appears in 2 contracts

Samples: Employment Agreement (Voyager Learning CO), Employment Agreement (Cambium-Voyager Holdings, Inc.)

Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the SharesShares as a condition to the receipt of this Award of Restricted Stock. (c) Upon vestingAfter any Shares vest pursuant to Section 3, 4 or 5 hereof, and following payment of the applicable withholding taxes pursuant to Section 10 hereof, the Company shall promptly cause your Vested such vested Shares (less any Shares that may have been shares withheld to pay taxes) to be delivered to you), free of the restrictions and/or legend described in Section 7(a) 8 hereof, to be delivered, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicablethe case may be.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Darden Restaurants Inc)

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Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the SharesShares as a condition to the receipt of this Award of Restricted Stock. (c) Upon vestingAfter any Shares vest pursuant to Section 3, 4 or 5 hereof, and following payment of the applicable withholding taxes pursuant to Section 10 hereof, the Company shall promptly cause your Vested such vested Shares (less any Shares that may have been shares withheld to pay taxes) to be delivered to you), free of the restrictions and/or legend described in Section 7(a8(a) hereof, to be delivered, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicablethe case may be.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Moneygram International Inc)

Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the CompanyCompany in escrow. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the Shares. (c) Upon vesting, the Company shall promptly cause your Vested Shares (less any Shares that may have been withheld to pay taxes) to be delivered to you, free of the restrictions and/or legend described in Section 7(a6(a) hereof, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicable.

Appears in 1 contract

Samples: Restricted Stock Agreement (Osi Systems Inc)

Issuance and Custody of Certificates. (a) The Company shall cause the Shares to be issued in your name, either by book-entry registration or issuance of a stock certificate or certificates, which certificate or certificates shall be held by the Company. The Shares shall be restricted from transfer during the Restricted Period and shall be subject to an appropriate stop-transfer order. If any certificate is issued, the certificate shall bear an appropriate legend referring to the restrictions applicable to the Shares. (b) If any certificate is issued, you shall be required to execute and deliver to the Company a stock power or stock powers relating to the Shares. (c) Upon vesting, the Company shall promptly cause your Vested Shares (less any Shares that may have been withheld to pay taxes) to be delivered to you, free of the restrictions and/or legend described in Section 7(a8(a) hereof, either by book-entry registration or in the form of a certificate or certificates, registered in your name or in the names of your legal representatives, beneficiaries or heirs, as applicable.

Appears in 1 contract

Samples: Restricted Stock Agreement (Care Investment Trust Inc.)

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