Common use of Receipt of Shares of Stock Clause in Contracts

Receipt of Shares of Stock. (a) As soon as practicable following each vesting date, the Company shall issue to the Grantee a certificate representing the number of shares of Stock equal to the aggregate number of Restricted Stock Units credited to the Grantee that have vested pursuant to Section 3 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares, including voting and dividend rights, and such shares of Stock shall not be restricted by the provisions hereof.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Mac-Gray Corp), Restricted Stock Unit Agreement (Mac-Gray Corp), Restricted Stock Unit Agreement (Mac-Gray Corp)

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Receipt of Shares of Stock. (a) As soon as practicable following each vesting dateVesting Date, the Company shall issue to the Grantee a certificate representing the number of shares of Stock equal to the aggregate number of Restricted Stock Units credited to the Grantee that have vested pursuant to Section 3 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares, including voting and dividend rights, and such shares of Stock shall not be restricted by the provisions hereof.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Mac-Gray Corp), Restricted Stock Unit Agreement (Mac-Gray Corp), Restricted Stock Unit Agreement (Mac-Gray Corp)

Receipt of Shares of Stock. (a) As soon as practicable following each vesting dateVesting Date, the Company shall issue to the Grantee a certificate representing the number of shares of Stock equal to the aggregate number of Restricted Stock Units credited to the Grantee that have vested pursuant to Section 3 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares, including voting and dividend rights, and such shares of Stock shall not be restricted by the provisions hereof.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (EPIX Pharmaceuticals, Inc.), Restricted Stock Unit Agreement (EPIX Pharmaceuticals, Inc.)

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Receipt of Shares of Stock. (a) As soon as practicable following each vesting dateVesting Date, the Company shall issue to the Grantee a certificate representing the number of shares of Stock equal to the aggregate number of Restricted Stock Units credited to the Grantee that have vested pursuant to Section Paragraph 3 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares, including voting and dividend rights, and such shares of Stock shall not be restricted by the provisions hereof.

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Salary. Com, Inc.)

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