Common use of Registration of Shares; Tax Withholding Clause in Contracts

Registration of Shares; Tax Withholding. The Grantee may not receive or take possession of any unvested Shares subject to this Award, either through physical share certificates or through book-entry accounts held by or in the name of the Grantee. The Company may commingle the unvested Shares subject to this Award with other shares of restricted stock or other equity awards granted under the Plan and may hold unvested Shares subject to this Award at any financial institution or other custodian that it from time to time chooses, in its sole discretion. The Company may deliver Shares subject to this Award that become Vested through book entry transfer to an account in the Grantee’s name at a financial institution, which may, but is not required to be, the institution or other custodian that holds the unvested Shares on behalf of the Company. Any stock certificates representing the Restricted Stock owned by the Grantee, if any, shall bear such legend as the Committee may prescribe to reflect the restrictions applicable to such Shares and shall be held by the Company until the Forfeiture Restrictions lapse and the Shares become Vested. The Committee shall not be required to transfer to the Grantee or to the Grantee’s estate any Shares granted to the Grantee hereunder or otherwise to evidence the Grantee’s or to the Grantee’s estate’s ownership of such Shares, until and unless the Grantee or the Grantee’s estate, as the case maybe, has satisfied the payment of the minimum statutory amount of federal, state and local tax required to be withheld with respect to the grant or vesting of such Shares; provided, that, if the Grantee does not satisfy such tax obligation, the Company may, in its sole discretion, satisfy such obligation by withholding such number of Shares from the Shares of Restricted Stock that are so granted or that so Vest hereunder, as applicable, as would satisfy the minimum statutory amount of such obligations. Further, the Grantee, at his sole discretion, may elect to satisfy such tax obligations by having the Company withhold such number of Shares from the Shares of Restricted Stock that are so granted or that so Vest hereunder, as applicable, as would satisfy the minimum statutory amount of such obligations, or by such other method as permitted under the Plan.

Registration of Shares; Tax Withholding. The Grantee may not receive or take possession of any unvested Shares subject to this Award, either through physical share certificates or through book-entry accounts held by or in the name of the Grantee. The Company may commingle the unvested Shares subject to this Award with other shares of restricted stock or other equity awards granted under the Plan and may hold unvested Shares subject to this Award at any financial institution or other custodian that it from time to time chooses, in its sole discretion. The Company may deliver Shares subject to this Award that become Vested through book entry transfer to an account in the Grantee’s name at a financial institution, which may, but is not required to be, the institution or other custodian that holds the unvested Shares on behalf of the Company. Any stock certificates representing the Restricted Stock owned by the Grantee, if any, shall bear such legend as the Committee may prescribe to reflect the restrictions applicable to such Shares and shall be held by the Company until the Forfeiture Restrictions lapse and the Shares become Vested. The Committee shall not be required to transfer to the Grantee or to the Grantee’s estate any Shares granted to the Grantee hereunder or otherwise to evidence the Grantee’s or to the Grantee’s estate’s ownership of such Shares, until and unless the Grantee or the Grantee’s estate, as the case maybemay be, has satisfied the payment of the minimum statutory amount of federal, state and local tax tax, if any, required to be withheld with respect to the grant or vesting of such Shares; provided, that, if the Grantee does not satisfy such tax obligation, the Company may, in its sole discretion, satisfy such obligation by withholding such number of Shares from the Shares of Restricted Stock that are so granted or that so Vest hereunder, as applicable, as would satisfy the minimum statutory amount of such obligations. Further, the The Grantee, at his sole discretion, may elect to satisfy such tax obligations by having the Company withhold such number of Shares from the Shares of Restricted Stock that are so granted or that so Vest hereunder, as applicable, as would satisfy the minimum statutory amount of such obligations, or by such other method as permitted under the Plan.

Registration of Shares; Tax Withholding. The Grantee Unless the Committee determines that the Restricted Stock shall be evidenced other than by a separate share certificate or certificates (in which event the Committee may not receive take such other steps as it deems necessary or take possession advisable to effectuate the purposes of any unvested Shares subject to this Award, either through physical share certificates or through book-entry accounts held by or in the name of the Grantee. The Company may commingle the unvested Shares subject to this Award with other shares of restricted stock or other equity awards granted under the Plan and may hold unvested Shares subject to this Award at any financial institution or other custodian that it from time to time chooses, in its sole discretion. The Company may deliver Shares subject to this Award that become Vested through book entry transfer to an account in the Grantee’s name at a financial institution, which may, but is not required to beSection 4, the institution or other custodian that holds the unvested Shares on behalf of the Company. Any stock certificates certificate representing the Restricted Stock owned by the Grantee, if any, shall bear reflecting the Grantee’s ownership but bearing such legend as the Committee may prescribe to reflect the restrictions applicable to such Shares and Shares, shall be held by the Company until the Forfeiture Restrictions lapse and the Shares become Vested, at which time the Committee shall cause a new certificate to be issued to the Grantee (or, in the event of the Grantee’s death, to the Grantee’s estate) for the number of Shares that are no longer subject to such restrictions. The Committee shall not be required to transfer to the Grantee or to the Grantee’s estate any Shares granted to certificate evidencing the Grantee hereunder Grantee’s or such estate’s unrestricted ownership of any Shares, or otherwise to evidence the Grantee’s or to the Grantee’s estate’s ownership of such Sharesownership, until and unless the Grantee or the Grantee’s estate, as the case maybemay be, has satisfied the payment of the minimum statutory amount of federal, state and local tax required to be withheld with respect to the grant or vesting of such Shares; provided, that, if the Grantee does not satisfy such tax obligation, the Company may, in its sole discretion, satisfy such obligation by withholding such number of Shares from the Shares of Restricted Stock that are so granted or that so Vest hereunder, as applicable, as would satisfy the minimum statutory amount of such obligations. Further, the The Grantee, at his sole discretion, may elect to satisfy such tax obligations by having the Company withhold such number of Shares from the Shares of Restricted Stock that are so granted or that so Vest hereunder, as applicable, as would satisfy the minimum statutory amount of such obligations, or by such other method as permitted under the Plan; provided, however, that any election for Share withholding to satisfy tax obligations in connection with the making of a Tax Election shall be subject to the consent of the Committee in its sole discretion.