Common use of Retention of Shares Clause in Contracts

Retention of Shares. During the period in which the restrictions on transfer and risk of forfeiture provided in Sections 3 and 4 of this Agreement are in effect, the Restricted Shares covered by this grant shall be either: (a) represented by certificates retained by the Company, together with the accompanying stock power signed by Grantee and endorsed in blank; or (b) held at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Shares, and endorsed with an appropriate legend referring to the restrictions set forth herein.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Howard Hughes Corp), Restricted Stock Agreement (Howard Hughes Corp), Restricted Stock Agreement (Howard Hughes Corp)

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Retention of Shares. During the period in which the restrictions on transfer and risk of forfeiture provided in Sections 3 2 and 4 of this Agreement 5 above are in effect, the Restricted Shares covered by this grant shall be either: (a) represented by certificates retained by the Company, together with the accompanying stock power signed by the Grantee and endorsed in blank; or (b) held at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Shares, and endorsed with an appropriate legend referring to the restrictions set forth herein.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Howard Hughes Corp), Restricted Stock Agreement (Howard Hughes Corp), Restricted Stock Agreement (Howard Hughes Corp)

Retention of Shares. During the period in which the restrictions on transfer and risk of forfeiture provided in Sections 3 and 4 of this Agreement 5 above are in effect, the Restricted Shares covered by this grant shall be either: (a) represented by certificates retained by the Company, together with the accompanying stock power signed by the Grantee and endorsed in blank; or (b) held at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Shares, and endorsed with an appropriate legend referring to the restrictions set forth herein.

Appears in 1 contract

Samples: Restricted Stock Agreement for Nonemployee Directors (Howard Hughes Corp)

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Retention of Shares. During the period in which the restrictions on transfer and risk of forfeiture provided in Sections 3 2 and 4 of this Agreement 5 above are in effect, the Restricted Shares covered by this grant shall be either: either (ai) represented by certificates retained by the Company, together with the accompanying stock power signed by Grantee and endorsed in blank; blank or (bii) held at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Shares, and endorsed with an appropriate legend referring to the restrictions set forth herein.

Appears in 1 contract

Samples: Restricted Stock Agreement (Howard Hughes Corp)

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