Issuance of Shares; Certificates. If the Holder’s RSUs vest under the terms of this Agreement or the Employment Agreement, the Holder shall be issued a number of Shares equal to the number of RSUs which have vested, without payment therefor, as full consideration for the vested RSUs. Except as otherwise provided in Sections 15 and 23 of this Agreement, upon the vesting of the RSUs, the Company shall deliver or cause to be delivered certificates representing the Shares or other evidence (which may include a book entry by the Company’s transfer agent) of the Shares so issued in the name of the Holder to the brokerage firm designated by the Company to maintain the brokerage account established for the Holder on or before the expiration of thirty (30) days following the date of the Committee’s certification or determination of the attainment of the Performance Goals for the Performance Period (but not later than the last day of the calendar year in which such RSUs vest). No fractional Shares shall be issued under this Agreement.
Issuance of Shares; Certificates. As soon as practicable upon or following the date that Award PSUs vest in accordance with Section 3, Section 4 or Section 5, as applicable, but in no event later than 60 days following the applicable vesting date, or, in the case of Award PSUs that become vested on a Determination Date that follows the completion of the Performance Period, not later than March 15 of the year following the year in which the Performance Period ends, the Company shall deliver to the Employee (or, if applicable, to the Employee’s legal representatives, beneficiaries or heirs) a certificate or electronic confirmation of ownership, as applicable, for the number of Shares represented by the vested Performance Share Units, subject to the terms and provisions of the Plan and this Award Agreement. No fractional Shares shall be issued under this Award Agreement. The Employee agrees that any resale of Shares received upon the expiration of the applicable Vesting Period shall not occur during the “blackout periods” forbidding sales of Company securities, as set forth in the then-applicable Company employee manual or xxxxxxx xxxxxxx policy. In addition, any resale shall be made in compliance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), or an applicable exemption therefrom, including, without limitation, the exemption provided by Rule 144 promulgated thereunder (or any successor rule).
Issuance of Shares; Certificates. As soon as practicable upon or following each Vesting Date, but in no event later than 60 days following the applicable Vesting Date, the Company shall deliver to the Employee (or, if applicable, to the Employee’s legal representatives, beneficiaries or heirs) a certificate or electronic confirmation of ownership, as applicable, for the number of Shares represented by the Restricted Share Units which have vested on such Vesting Date, subject to the terms and provisions of the Plan and this Award Agreement. If the Employee terminates employment by reason of Disability, death or Retirement, is terminated by the Company or its affiliate (or a successor thereof) without Cause, or terminates employment for Good Reason, issuance of the Shares shall be made on or within sixty (60) days following such termination of employment. No fractional Shares shall be issued under this Award Agreement. The Employee agrees that any resale of Shares received upon the expiration of the applicable Vesting Period shall not occur during the “blackout periods” forbidding sales of Company securities, as set forth in the then-applicable Company employee manual or xxxxxxx xxxxxxx policy. In addition, any resale shall be made in compliance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), or an applicable exemption therefrom, including, without limitation, the exemption provided by Rule 144 promulgated thereunder (or any successor rule).
Issuance of Shares; Certificates. Holder expressly acknowledges that ------------------------------- the Shares of Common Stock issued upon any exercise of this Option are restricted securities and shall be evidenced by a certificate or certificates in the form approved by the Board of Directors and, subject to registration of such shares under the Act, each such certificate shall bear the following legend: The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or the securities laws of any state or pursuant to one or more exemptions therefrom. Such shares may not be sold, transferred or otherwise disposed of in the absence of such registration unless the Company is furnished with an opinion of counsel reasonably satisfactory to the Company to the effect that such transfer is exempt from registration under such laws.
Issuance of Shares; Certificates. If, and at the time, the Holder’s RSUs vest under the terms of this Agreement or the Employment Agreement, the Holder shall be issued a number of Shares equal to the number of RSUs which have vested on such date, without payment therefore, as full consideration for the vested RSUs. Except as otherwise provided in Section 14 of this Agreement, upon the vesting of the RSUs, certificates for vested Shares shall be delivered to the Holder or his legal representative on the last business day of the calendar quarter in which such vesting event occurs or as soon thereafter as practicable (but not later than the last day of the calendar year in which such RSUs vest). No fractional Shares shall be issued under this Agreement.
Issuance of Shares; Certificates
