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 direct its transfer agent to issue to the Grantee in book entry form the number of shares of Stock equal to the number of phantom stock units credited to the Grantee that have vested pursuant to Section 2 of this Agreement on such date in satisfaction of such phantom stock units.

Appears in 4 contracts

Samples: Deferred Stock Award Agreement (Mercury Systems Inc), Deferred Stock Award Agreement (Mercury Systems Inc), Deferred Stock Award Agreement (Mercury Computer Systems Inc)

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