Receipt of Common Stock. If the Director's Termination Date is at or after the end of the Restricted Period, the Director shall receive the number of shares of restricted Common Stock awarded hereunder, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Certificates representing such shares shall be released to the Director as promptly as practical following the Director's becoming entitled to receive such shares.
Appears in 3 contracts
Samples: Non Employee Director Restricted Stock Agreement (Universal Corp /Va/), Non Employee Director Restricted Stock Agreement (Universal Corp /Va/), Non Employee Director Restricted Stock Agreement (Universal Corp /Va/)
Receipt of Common Stock. If the Director's Termination Date is at At or after the end of the Restricted Period, the Director shall receive the number of shares of restricted Common Stock awarded hereunder, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Certificates representing such shares shall be released to the Director as promptly as practical following the Director's ’s becoming entitled to receive such shares.
Appears in 3 contracts
Samples: Restricted Stock Agreement (Landamerica Financial Group Inc), Restricted Stock Agreement (Landamerica Financial Group Inc), Restricted Stock Agreement (Landamerica Financial Group Inc)
