Common use of Issuance of Shares; Registration; Withholding Taxes Clause in Contracts

Issuance of Shares; Registration; Withholding Taxes. Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, and shall be held by the Company until all restrictions lapse or such shares are forfeited as provided herein. Upon the lapsing of all restrictions with respect to a portion of the Restricted Shares, the Company shall deliver to the Grantee (or, if applicable, to the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed shall be free of the restrictive legends referred to in this Section 4 above. The Company may postpone the issuance or delivery of the Shares until (a) the completion of registration or other qualification of such Shares or transaction under any state or federal law, rule or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (b) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules and regulations, including applicable federal and state securities laws and listing requirements, if any; and (c) the payment to the Company of any amount required by the Company to satisfy any federal, state or other governmental withholding tax requirements related to the issuance or delivery of the Shares. Grantee shall comply with any and all legal requirements relating to Gxxxxxx's resale or other disposition of any Shares acquired under this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (Bank of Hawaii Corp), Restricted Stock Grant Agreement (Bank of Hawaii Corp)

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Issuance of Shares; Registration; Withholding Taxes. As part of the grant under this Agreement, certificates for the Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, name and shall be held by the Company until all restrictions lapse or such shares are forfeited as provided herein. Upon the lapsing of all restrictions with respect to a portion of A certificate or certificates representing the Restricted Shares, the Company shall deliver to the Grantee (or, if applicable, to the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed the Restriction Period has terminated shall be free of the restrictive legends referred delivered to in this Section 4 aboveGrantee upon such termination. The Company may postpone the issuance or delivery of the Shares until (a) the completion of registration or other qualification of such Shares or transaction under any state or federal law, rule or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (b) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules and regulations, including applicable federal and state securities laws and listing requirements, if any; and (c) the payment to the Company Company, upon its demand, of any amount required requested by the Company to satisfy any federal, state or other governmental withholding tax requirements related to the issuance or delivery of the Shares. The Company shall have the right to withhold with respect to the payment of any Restricted Shares any taxes required to be withheld because of such payment, including the withholding of Shares otherwise payable as part of the grant. Grantee shall comply with any and all legal requirements relating to GxxxxxxGrantee's resale or other disposition of any Shares acquired under this Agreement. The certificates representing the Shares may bear such legend as described in Section 6 below and as counsel to the Company otherwise deems appropriate to assure compliance with applicable law.

Appears in 2 contracts

Samples: Restricted Share Agreement (Bank of Hawaii Corp), Performance Based Restricted Share Agreement (Bank of Hawaii Corp)

Issuance of Shares; Registration; Withholding Taxes. The Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, ’s name in book entry in a restricted class and shall be held by the Company until all restrictions lapse or such shares are forfeited as provided herein. Upon When the lapsing Period of all restrictions with respect to a portion of the Restricted SharesRestriction has terminated, the Company shall deliver will transfer the shares from a restricted class to the Grantee (or, if applicable, to an unrestricted class in the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed shall be free of the restrictive legends referred to ’s name in this Section 4 abovebook entry. The Company may postpone the issuance or delivery of the Shares until (a) the completion of registration or other qualification of such Shares or transaction under any state or federal law, rule or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (b) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules and regulations, including applicable federal and state securities laws and listing requirements, if any; and (c) the payment to the Company in accordance with Article 17 of the Plan of any amount required by the Company to satisfy any federal, state or other governmental withholding tax requirements related to the issuance or delivery of the Shares. Grantee shall comply with any and all legal requirements relating to Gxxxxxx's Grantee’s resale or other disposition of any Shares acquired under this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Bank of Hawaii Corp), Restricted Stock Award Agreement (Bank of Hawaii Corp)

Issuance of Shares; Registration; Withholding Taxes. Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, The Company’s issuance and shall be held by the Company until all restrictions lapse or such shares are forfeited as provided herein. Upon the lapsing of all restrictions with respect to a portion of the Restricted Shares, the Company shall deliver to the Grantee (or, if applicable, to the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed shall be free of the restrictive legends referred to in this Section 4 above. The Company may postpone the issuance or delivery of the Shares until underlying the Restricted Stock Units is conditioned upon: (a) the completion of registration or other qualification of such Shares shares or transaction under any state or federal law, rule rule, or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (b) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules rules, and regulations, including applicable federal and state securities laws and listing requirements, if any; and (c) the payment to the Company satisfaction of any amount required by the Company necessary to satisfy any federal, state state, or other governmental tax withholding tax requirements related relating to the issuance or delivery of the Shares. Grantee The Participant shall comply with any and all legal requirements relating to Gxxxxxx's the Participant’s resale or other disposition of any Shares acquired under this Agreement. The Company shall have the right to withhold with respect to the payment of any Share any taxes required to be withheld because of such payment, including the withholding of Shares otherwise payable due to the lapse of the restrictions. The Participant shall comply with any and all legal requirements relating to the Participant’s resale or other disposition of any Shares acquired under this Agreement.

Appears in 2 contracts

Samples: Stock Compensation Plan (Central Pacific Financial Corp), Restricted Stock Unit Grant Agreement (Central Pacific Financial Corp)

Issuance of Shares; Registration; Withholding Taxes. As part of this grant, certificates for the Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, Participant’s name and shall be held in escrow by the Company until all restrictions lapse or such shares Shares are forfeited as provided herein. Upon the lapsing of all restrictions with respect to a portion of A certificate or certificates representing the Restricted Shares, the Company shall deliver to the Grantee (or, if applicable, to the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed (“Unrestricted Shares”) shall be free of delivered to the restrictive legends referred to in this Section 4 aboveparticipant upon such lapse. The Company may postpone the issuance or delivery of the Unrestricted Shares until (ai) the completion of registration or other qualification of such Unrestricted Shares or transaction under any state or federal law, rule or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (bii) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules rules, and regulations, including applicable federal and state securities laws and listing requirements, if any; and (ciii) the payment to the Company Company, upon its demand, of any amount required requested by the Company to satisfy any federal, state state, or other governmental tax withholding tax requirements related to the issuance or delivery of the Unrestricted Shares. Grantee The Company shall have the right to withhold with respect to the payment of any Unrestricted Shares any taxes required to be withheld because of such payment, including the withholding of Unrestricted Shares otherwise payable due to the lapse of the restrictions. The Participant shall comply with any and all legal requirements relating to Gxxxxxx's the Participant’s resale or other disposition of any Unrestricted Shares acquired under this Agreement.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Central Pacific Financial Corp)

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Issuance of Shares; Registration; Withholding Taxes. Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, and shall be held by the Company until all restrictions lapse or such shares Shares are forfeited as provided herein. Upon the lapsing of all restrictions with respect to a portion of the Restricted Shares, the Company shall deliver to the Grantee (or, if applicable, to the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed shall be free of the restrictive legends referred to in this Section 4 2 above. The Company may postpone the issuance or delivery of the Shares until (a) the completion of registration or other qualification of such Shares or transaction under any state or federal law, rule or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (b) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules and regulations, including applicable federal and state securities laws and listing requirements, if any; and (c) the payment to the Company of any amount required by the Company to satisfy any federal, state or other governmental withholding tax requirements related to the issuance or delivery of the Shares. Grantee shall comply with any and all legal requirements relating to GxxxxxxGrantee's resale or other disposition of any Shares acquired under this Agreement.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Bank of Hawaii Corp)

Issuance of Shares; Registration; Withholding Taxes. Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, and shall be held by the Company until all restrictions lapse or such shares Shares are forfeited as provided herein. Upon the lapsing of all restrictions with respect to a portion of the Restricted Shares, the Company shall deliver to the Grantee (or, if applicable, to the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed shall be free of the restrictive legends referred to in this Section 4 above. The Company may postpone the issuance or delivery of the Shares until (a) the completion of registration or other qualification of such Shares or transaction under any state or federal law, rule or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (b) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules and regulations, including applicable federal and state securities laws and listing requirements, if any; and (c) the payment to the Company of any amount required by the Company to satisfy any federal, state or other governmental withholding tax requirements related to the issuance or delivery of the Shares. Grantee shall comply with any and all legal requirements relating to Gxxxxxx's resale or other disposition of any Shares acquired under this Agreement.or

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Bank of Hawaii Corp)

Issuance of Shares; Registration; Withholding Taxes. Restricted Shares shall be issued in Grantee's name, shall bear the restrictive legends as are required or deemed advisable by the Company under the provisions of any applicable law, and shall be held by the Company until all restrictions lapse or such shares Shares are forfeited as provided herein. Upon the lapsing of all restrictions with respect to a portion of the Restricted Shares, the Company shall deliver to the Grantee (or, if applicable, to the Grantee's legal representatives, beneficiaries or heirs) those Shares that vested upon the lapsing of restrictions through the Direct Registration System or Electronic Share Transfer. The Shares as to which all restrictions have lapsed shall be free of the restrictive legends referred to in this Section 4 above. The Company may postpone the issuance or delivery of the Shares until (a) the completion of registration or other qualification of such Shares or transaction under any state or federal law, rule or regulation, or any listing on any securities exchange, as the Company shall determine to be necessary or desirable; (b) the receipt by the Company of such written representations or other documentation as the Company deems necessary to establish compliance with all applicable laws, rules and regulations, including applicable federal and state securities laws and listing requirements, if any; and (c) the payment to the Company of any amount required by the Company to satisfy any federal, state or other governmental withholding tax requirements related to the issuance or delivery of the Shares. Grantee shall comply with any and all legal requirements relating to GxxxxxxGrantee's resale or other disposition of any Shares acquired under this Agreement.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Bank of Hawaii Corp)

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