Issuance of Shares upon Vesting. Upon the lapse of the Forfeiture Restrictions with respect to Shares awarded hereby the Company shall cause to be delivered to the Participant a stock certificate or electronic book entry representing such Shares, and such Shares shall be transferable by the Participant (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable securities law).
Appears in 4 contracts
Samples: Retirement and Consulting Agreement (Friedman Industries Inc), Term Incentive Plan Restricted Stock Award Agreement (C-Bond Systems, Inc), Restricted Stock Award Agreement (C-Bond Systems, Inc)