Payment of Par Value. The Company’s obligation to deliver Awarded Shares to Grantee upon the vesting of such shares shall be subject to the payment in full of the requisite par value per share of the Awarded Shares prior to such issuance (collectively, the “Par Value”). If the Company has not received from Grantee cash, a check or other available funds for the full amount of the Par Value by 5:00 P.M. Central Standard Time within five (5) days after the Grant Date, Grantee hereby authorizes the Company to withhold the amount of the Par Value from the base salary payable to Grantee from the Company.
Appears in 4 contracts
Samples: Restricted Stock Agreement (Nci Building Systems Inc), Restricted Stock Agreement (Nci Building Systems Inc), Restricted Stock Agreement (Nci Building Systems Inc)
