Issuance of Certificate. (a) The Grant Shares may not be Transferred until they become Vested Shares. Further, the Vested Shares may not be sold or otherwise disposed of in any manner which would constitute, in the opinion of counsel for the Company, a violation of any applicable federal or state securities or other laws or regulations, or any rules or regulations of any stock exchange on which the Common Stock is listed. The Company shall cause to be issued a stock certificate, registered in the name of the Grantee, evidencing the Grant Shares upon receipt of a stock power duly endorsed in blank with respect to such shares. Each such stock certificate shall bear the following legend: The transferability of this certificate and the shares of stock represented hereby are subject to the restrictions, terms and conditions (including forfeiture and restrictions against transfer) contained in the Resaca Exploitation, Inc. 2008 Stock Incentive Plan and a Restricted Stock Agreement entered into between the registered owner of such shares and Resaca Exploitation, Inc. Copies of the Plan and Restricted Stock Agreement are on file in the main corporate offices of Resaca Exploitation, Inc.
Appears in 20 contracts
Samples: Restricted Stock Agreement (Resaca Exploitation, Inc.), Restricted Stock Agreement (Resaca Exploitation, Inc.), Restricted Stock Agreement (Resaca Exploitation, Inc.)
