Issuance of Restricted Stock. The number of shares of Restricted Stock granted under Section 1 hereof shall be recorded on the books of the Company in the name of the Participant. The Company shall instruct its stock transfer agent to place a stop transfer order on the Restricted Stock until such time as the Restrictions thereon shall lapse. In the event that the Participant shall forfeit all or any portion of the Restricted Stock, the shares which are forfeited automatically shall be transferred back to the Company.
Appears in 16 contracts
Samples: Restricted Stock Award Agreement (Urstadt Biddle Properties Inc), Restricted Stock Award Agreement (Urstadt Biddle Properties Inc), Restricted Stock Award Agreement (Urstadt Biddle Properties Inc)
