Common use of Method of Issuance; Time of Delivery; Stockholder Rights Clause in Contracts

Method of Issuance; Time of Delivery; Stockholder Rights. The shares of Common Stock to be issued to you pursuant to this Agreement shall be issued to you, if earned, as of the Conversion Date, subject to Paragraphs 5, 6 or 10, and delivered to you in a lump sum as soon as practicable after the Conversion Date. All shares of Common Stock, if any, earned by you under this Agreement that are to be issued to you as of the Conversion Date shall be delivered either through book-entry form as a credit to an account maintained in your name or through the issuance of a stock certificate representing such shares of Common Stock free of any restrictive legend, other than as may be required by applicable securities laws. Upon such issuance, you shall be the record owner of such shares and shall be entitled to all of the rights of a stockholder of the Company, including the right to vote and the right to receive dividends.

Appears in 1 contract

Samples: Performance Share Award Agreement (Wyeth)

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Method of Issuance; Time of Delivery; Stockholder Rights. The shares of Common Stock to be issued to you pursuant to this Agreement shall be issued to you, if earned, as of the Conversion Date, subject to Paragraphs 5, 6 6, or 10, and delivered to you in a lump sum as soon as practicable after the Conversion Date. All shares of Common Stock, if any, earned by you under this Agreement that are to be issued to you as of the Conversion Date shall be delivered either through book-entry form as a credit to an account maintained in your name or through the issuance of a stock certificate representing such shares of Common Stock free of any restrictive legend, other than as may be required by applicable securities laws. Upon such issuance, you shall be the record owner of such shares and shall be entitled to all of the rights of a stockholder of the Company, including the right to vote and the right to receive dividends.

Appears in 1 contract

Samples: Performance Share Award Agreement (Wyeth)

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