Common use of PHYSICAL CUSTODY Clause in Contracts

PHYSICAL CUSTODY. The Secretary of the Company or such other representative as the Board may appoint shall retain physical custody of each certificate representing Restricted Stock until all of the restrictions imposed under the Agreement with respect to the shares evidenced by such certificate expire or shall have been removed; provided, however, that in no event shall the Holder retain physical custody of any certificates representing unvested Restricted Stock assigned to Holder and provided further that the Company may determine not to issue certificates, but rather to make a book entry to reflect the issuance of the shares.

PHYSICAL CUSTODY. The Secretary of the Company or such other representative as the Board Committee may appoint shall retain physical custody of each certificate representing Restricted Stock until all of the restrictions imposed under the Award Agreement with respect to the shares evidenced by such certificate expire or shall have been removed; provided, however, that in no event shall the Holder retain physical custody of any certificates representing unvested Restricted Stock assigned to Holder and provided further that the Company may determine not to issue certificates, but rather to make a book entry to reflect the issuance of the sharesHolder.

PHYSICAL CUSTODY. The Secretary of the Company or such other representative as the Board Committee may appoint shall retain physical custody of each certificate representing Restricted Stock until all of the restrictions Restrictions imposed under the this Agreement with respect to the shares evidenced by such certificate expire or shall have been removed; provided, however, that in no event shall the Holder retain physical custody of any certificates representing unvested Restricted Stock assigned to Holder and provided further that the Company may determine not to issue certificates, but rather to make a book entry to reflect the issuance of the sharesHolder.

PHYSICAL CUSTODY. The Secretary of the Company or such other representative as the Board Committee may appoint shall retain physical custody of each certificate representing Performance-Based Restricted Stock Shares until all of the restrictions Restrictions imposed under the this Agreement with respect to the shares evidenced by such certificate expire or shall have been removed; provided, however, that in no event shall the Holder retain physical custody of any certificates representing unvested Performance-Based Restricted Stock Shares assigned to Holder and provided further that the Company may determine not to issue certificates, but rather to make a book entry to reflect the issuance of the sharesHolder.

PHYSICAL CUSTODY. The Secretary of the Company or such other representative as the Board Committee may appoint shall retain physical custody of each certificate representing Restricted Stock until all of the restrictions imposed under the Agreement with respect to the shares evidenced by such certificate expire or shall have been removed; provided, however, that in no event shall the Holder retain physical custody of any certificates representing unvested Restricted Stock assigned to Holder and provided further that the Company may determine not to issue certificates, but rather to make a book entry to reflect the issuance of the shares.

PHYSICAL CUSTODY. The Secretary of the Company or such other representative as the Board Compensation Committee may appoint shall retain physical custody of each certificate representing Restricted Stock until all of the restrictions Restrictions imposed under the Agreement with respect to the shares evidenced by such certificate expire or shall have been removed; provided, however, that in no event shall the Holder retain physical custody of any certificates representing unvested Restricted Stock assigned to Holder and provided further that the Company may determine not to issue certificates, but rather to make a book entry to reflect the issuance of the sharesHolder.