Common use of Receipt of Common Stock Clause in Contracts

Receipt of Common Stock. At or after the end of the applicable Restricted Period, the Recipient shall receive certificates or other indicia of ownership for Common Stock equal to the number of shares of Restricted Stock that became vested at the end of that Restricted Period, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Any certificates or other indicia of ownership representing such shares shall be released to the Recipient as promptly as practical following the Recipient’s becoming entitled to receive such shares.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Republic Services, Inc.), Restricted Stock Agreement (Republic Services, Inc.), Restricted Stock Agreement (Republic Services, Inc.)

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Receipt of Common Stock. At or after the end of the applicable Restricted Period, the Recipient shall receive certificates or other indicia of ownership for Common Stock equal to the number of shares of Restricted Stock that became vested at the end of that Restricted Period, free and clear of the restrictions set forth in this Agreement, except for any restrictions necessary to comply with federal and state securities laws. Any certificates or other indicia of ownership representing such shares shall be released to the Recipient as promptly as practical following the Recipient’s becoming entitled to receive such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Republic Services, Inc.)

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