Common use of Issuance of Shares of Stock Clause in Contracts

Issuance of Shares of Stock. As soon as practicable following each Vesting Date (but in no event later than two and one-half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units credited to the Grantee that have vested pursuant to Section 3 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares, including voting and dividend rights, and such shares of Stock shall not be restricted by the provisions hereof.

Appears in 23 contracts

Samples: Time Vesting Restricted Stock Unit Agreement (Insulet Corp), Restricted Stock Unit Agreement (Insulet Corp), Time Vesting Restricted Stock Unit Agreement (Insulet Corp)

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Issuance of Shares of Stock. As soon as practicable following each Vesting Date (but in no event later than two and one-one half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units credited to earned by the Grantee that have vested pursuant to Section 3 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares, including voting and dividend rights, and such shares of Stock shall not be restricted by the provisions hereof.

Appears in 3 contracts

Samples: Performance Vesting Restricted Stock Unit Agreement (Insulet Corp), Performance Vesting Restricted Stock Unit Agreement (Insulet Corp), Performance Vesting Restricted Stock Unit Agreement (Insulet Corp)

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