Retention of Stock. Certificate(s) by STERIS. Certificates representing the Common Shares subject to this grant of Restricted Shares, if any, will be held in custody by STERIS together with a stock power endorsed in blank by the Grantee with respect thereto, until those shares have become nonforfeitable in accordance with Section 4.
Retention of Stock. Certificate(s)
Retention of Stock. Certificate(s) by the Company. Any certificate(s) representing the Restricted Stock shall be held in custody by the Treasurer of the Company for the account of the Participant, together with a stock power endorsed in blank by the Participant with respect thereto, until those shares have become nonforfeitable in accordance with Section 4. The Participant shall deliver to the attention of the Treasurer at the Company's home office such stock power, endorsed in blank, relating to any certificated Restricted Stock simultaneously with the execution of this Agreement or as requested hereafter. Any certificate(s) for shares of unrestricted stock shall be delivered to the Participant as soon as reasonably practicable after the period of forfeiture has expired without forfeiture in respect of such shares of Restricted Stock.
Retention of Stock. Each Xxxxxx Family Holder hereby agrees that no such Xxxxxx Family Holder shall Transfer any Stockholder Shares held by such Xxxxxx Family Holder without complying with the provisions hereof. Notwithstanding the foregoing, the prohibitions of Section 2(b) shall not apply to any Transfer of any Stockholder Shares held by a Xxxxxx Family Holder to a member of the Xxxxxx Family Holder's Family Group in a transfer which complies with Sections 5 and 6 hereof.
Retention of Stock. To retain the MSI Common Stock they receive under this Agreement for such period as necessary to ensure that the transactions contemplated under this Agreement are treated as a tax-free reorganization, as determined by MSI's board of directors and independent auditors.
Retention of Stock. Employee is prohibited from disposing of any Stock acquired pursuant to the exercise of the Option granted hereunder at any time within a one-year period beginning on the date such Stock is transferred to him, unless such disposition is made under circumstances described by Section 422(c)(3) of the Code. All certificates of Stock issued to the Employee in accordance with this Option Agreement which are attributable to the exercise of any part of the Option granted hereunder shall bear a legend prohibiting the sale, assignment, transfer or pledge of such Stock at any time within the aforementioned one-year period.
Retention of Stock. Certificate(s) by the Company. The certificate(s) representing the Restricted Stock shall be held in custody by the Secretary of the Company or the Secretary's designee until such Restricted Stock vests pursuant to Section 3 herein.
Retention of Stock. Party One agrees, within one week of execution of this Agreement, to return Stock Certificate # 177, representing 15,000,000 (Fifteen Million) shares of common stock of Party Two, to Party Two’s transfer agent, Globex Transfer, LLC, which transfer agent shall be supplied joint written instructions from Party One and Party Two to: (a) return 7,500,000 (Seven Million Five Hundred Thousand) shares to treasury; (b) issue ten certificates of 750,000 (Seven Hundred Fifty Thousand) shares each, in the name of Party One, but which shall be mailed, registered or express mail, to the law firm for Party One, Xxxxxxxx & Associates, LLC, 0000 Xxxx Xxxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxx Xxxx Xxxx, Xxxx 00000 (“Law Firm”, and which Law Firm agrees to hold in and release from escrow such shares pursuant to the leakout provisions of Paragraph 2 of this Agreement; and (c) to allow for Party One’s sale and transfer of up to 750,000 (Seven Hundred Fifty Thousand) every two weeks, commencing Monday, November 22, 2010, subject to this Agreement and Party One’s compliance with applicable federal securities laws. All associated costs related to the re-issuance and receipt of 10 new certificates, as well as the cost of any legal opinion related to the sale of the stock, shall be borne by Party One.
Retention of Stock. No Shareholder shall sell, transfer, assign, pledge, convey, exchange, hypothecate, borrow against, permit a security interest to attach to, or otherwise dispose of or encumber, directly or indirectly, voluntarily or involuntarily (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in any Shares (a "Transfer"), except pursuant to the terms of this Agreement.
Retention of Stock. Certificate(s) by the Company. The certificate(s) representing the Restricted Shares shall be held in custody by the Company, together with a stock power which shall be endorsed in blank by the Grantee and delivered to the Company within 10 days of the date hereof, until such shares have become vested in accordance with Section 1.2.
