Common use of Restriction on Shares Clause in Contracts

Restriction on Shares. (a) The Shares granted to Grantee hereunder shall be maintained in book entry form or the stock certificates shall be retained in the possession of the Company until vested in the Grantee as provided in Sections 3 and 12 hereof.

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (Basic Energy Services Inc), Restricted Stock Grant Agreement (Basic Energy Services Inc), Restricted Stock Grant Agreement (Basic Energy Services Inc)

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Restriction on Shares. (a) The Shares granted to Grantee hereunder shall be maintained in book entry form or the stock certificates shall be retained in the possession of the Company until vested in the Grantee as provided in Sections 3 and 12 hereof.

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (Basic Energy Services Inc), Restricted Stock Grant Agreement (Basic Energy Services Inc)

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