Common use of Release of Shares from Forfeiture Restriction Clause in Contracts

Release of Shares from Forfeiture Restriction. The Shares shall be released from the Forfeiture Restriction in accordance with the vesting schedule set forth in the Grant Notice. As soon as administratively practicable following the release of any Shares from the Forfeiture Restriction, the Company shall, as applicable, either deliver to Participant the certificate or certificates representing such Shares in the Company’s possession belonging to Participant, or, if the Shares are held in book entry form, then the Company shall remove the notations on the book form. Participant (or the beneficiary or personal representative of Participant in the event of Participant’s death or incapacity, as the case may be) shall deliver to the Company any representations or other documents or assurances as the Company or its representatives deem necessary or advisable in connection with any such delivery.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Phathom Pharmaceuticals, Inc.), Restricted Stock Agreement (Phathom Pharmaceuticals, Inc.), Restricted Stock Agreement (Gossamer Bio, Inc.)

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Release of Shares from Forfeiture Restriction. The Shares shall be released from the Forfeiture Restriction in accordance with the vesting schedule Vesting Schedule set forth in the Grant Notice. As soon as administratively practicable following the release of any Shares from the Forfeiture Restriction, the Company shall, as applicable, either deliver to Participant Holder the certificate or certificates representing such released Shares in the Company’s possession belonging to ParticipantHolder, or, if the released Shares are held in book entry form, then the Company shall remove the notations on the book formform relating to the Forfeiture Restriction. Participant Holder (or the beneficiary or personal representative of Participant Holder in the event of ParticipantXxxxxx’s death or incapacity, as the case may be) shall deliver to the Company any representations or other documents or assurances as the Company or its representatives deem necessary or advisable in connection with any such delivery.

Appears in 1 contract

Samples: Restricted Stock Agreement (Pricesmart Inc)

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