Common use of Payment of Restricted Stock Clause in Contracts

Payment of Restricted Stock. At the end of the applicable restriction period relating to Restricted Stock granted to a Key Employee Participant or Advisor Participant, one or more stock certificates for the appropriate number of Shares, free of restrictions, shall be delivered to the Participant, or, if the Participant received stock certificates representing the Restricted Stock at the time of grant, the legends placed on such certificates shall be removed.

Appears in 2 contracts

Samples: Stein Mart Inc, Stein Mart Inc

AutoNDA by SimpleDocs

Payment of Restricted Stock. At the end of the applicable restriction period relating to Restricted Stock granted to a Key Employee Participant or Advisor Participant, one or more stock certificates for the appropriate number of Shares, free of restrictions, shall be delivered to the Participant, or, if the Participant received stock certificates representing the Restricted Stock at the time of grant, the legends placed on such certificates shall be removed.

Appears in 1 contract

Samples: 2001 Omnibus Plan (Stein Mart Inc)

Payment of Restricted Stock. At the end of the applicable restriction period relating to Restricted Stock granted to a Participating Key Employee Participant or Advisor ParticipantEmployee, one or more stock certificates for the appropriate number of Shares, free of restrictionsrestrictions imposed under the Plan, shall be delivered to the Participant, Participating Key Employee or, if the Participant Participating Key Employee received stock certificates representing the Restricted Stock at the time of grant, the legends placed on such certificates shall be removed.

Appears in 1 contract

Samples: Schultz Sav O Stores Inc

AutoNDA by SimpleDocs

Payment of Restricted Stock. At the end of the applicable restriction period relating to Restricted Stock granted to a Key Employee Participant or Advisor ParticipantStock, one or more stock certificates for the appropriate number of Shares, free of restrictions, shall be delivered to the Participant, or, if the Participant received stock certificates representing the Restricted Stock at the time of grant, the legends placed on such certificates shall be removedremoved upon request of the Participant.

Appears in 1 contract

Samples: Regency Centers Corp

Time is Money Join Law Insider Premium to draft better contracts faster.