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 in the form of Exhibit A hereto 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 nonforfeitable in accordance with Section 4.
Retention of Stock Certificate(s) by the Company. The certificates representing the Restricted Shares will be held in custody by the Secretary of the Company, together with a stock power endorsed in blank by the Participant, until the Restricted Shares vest in accordance with this Agreement. In order for this Agreement to be effective, the Participant must sign and return such stock power to the attention of the Secretary of the Company.
Retention of Stock Certificate(s) by the Company. The certificate(s) representing the Performance Shares ultimately earned and vested shall not be issued until payout.
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 endorsed in blank by the Grantee with respect thereto, until such shares have become nonforfeitable in accordance with Section 4.
Retention of Stock Certificate(s) by the Company. The certificate(s) representing the Restricted Stock shall be issued in book entry form and held in a separate restricted account from all other shares registered in the name of the Grantee by the Company’s stock transfer agent or shall be held in custody by the Secretary of the Company, together with a stock power endorsed in blank by the Grantee with respect thereto, until those shares have become nonforfeitable in accordance with Section 1. In order for the Grant under this Agreement to be effective, the Grantee must sign and return the attached stock powers to the attention of the Secretary of the Company.
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 in the form of Exhibit A hereto 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 nonforfeitable in accordance with Section 4. Notwithstanding the foregoing, if the Grantee has attained his or her Rule of 70 Date, the certificate(s) representing the Restricted Shares shall be released to the Grantee within 30 days of the Vesting Date with respect to such shares, and the Vesting Date(s) shall be treated as fixed dates of distribution for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, if applicable to the Restricted Shares.
Retention of Stock Certificate(s) by the Company. Each certificate representing Restricted Stock awarded under this Agreement shall be registered in the name of both the applicable Grantor and the Grantee, as their interests shall appear, and, unless and until such Restricted Stock vests, shall be left on deposit with the Company, along with stock powers, substantially in the form attached hereto as Exhibit A (the “Stock Power”), endorsed in blank, until such time as the risk of forfeiture of, and restrictions on voting and transfer with respect to, the Restricted Stock have lapsed (at which time of lapse of such restrictions, the shares evidenced by such certificate over which such restrictions have lapsed shall be registered in the name of Grantee as provided below). In the event that a forfeiture event occurs, then Grantors shall have the right to recover such forfeited shares of Restricted Stock and deliver the Stock Power to the Company in respect of such forfeited Restricted Stock. As soon as practicable after the date on which any portion of the Restricted Stock becomes vested, and provided that the tax withholding requirements of Section 10 have been met, Grantors shall deliver, or cause the Company to deliver, to Grantee a certificate representing the number of shares of Restricted Stock that is no longer subject to the risk of forfeiture and restrictions on transfer set forth in this Agreement.
Retention of Stock Certificate(s) by the Company. Any certificate(s) representing the Retention Shares shall be held in custody by the Company, together with a stock power endorsed in blank by the Employee with respect thereto, until those shares have become nonforfeitable in accordance with Section 3 of this Agreement. In the event that one or more stock certificates representing the Retention Shares are registered in the name of the Employee, the Employee must sign and return the attached stock powers to the attention of the Vice President-Human Resources of the Company at the Company address described below in order for the Grant under this Agreement to be effective.
Retention of Stock Certificate(s) by the Company. (a) The Restricted Shares shall be represented by four stock certificates issued by the Company (each, a “Certificate”) and registered in the name of the Grantee, with each Certificate representing 2,500 Restricted Shares.
(b) Each Certificate shall conspicuously bear a restrictive legend as follows:
(i) During the period from the date hereof to the Vesting Date applicable to the Restricted Shares represented by a Certificate, that Certificate shall bear the following legend: THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS (“BLUE SKY LAWS”) AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF WITHOUT REGISTRATION UNDER THE SECURITIES ACT AND ALL APPLICABLE BLUE SKY LAWS, UNLESS SUCH OFFER, SALE, TRANSFER, PLEDGE OR OTHER DISPOSITION IS EXEMPT FROM REGISTRATION THEREUNDER. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO RESTRICTIONS ON SALE, TRANSFER, PLEDGE OR OTHER DISPOSITION SET FORTH IN THAT CERTAIN RESTRICTED STOCK AGREEMENT BETWEEN XXXXX X. XXXXXX AND THE ISSUER, DATED EFFECTIVE AS OF AUGUST 15, 2001.
(ii) At any time after the Vesting Date applicable to the Restricted Shares represented by a Certificate, the Grantee may request that the Company cancel that Certificate and replace that Certificate with a Certificate bearing the following legend: THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS (“BLUE SKY LAWS”) AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF WITHOUT REGISTRATION UNDER THE SECURITIES ACT AND UNDER ALL APPLICABLE BLUE SKY LAWS OR UNLESS SUCH OFFER, SALE, TRANSFER, PLEDGE OR OTHER DISPOSITION IS EXEMPT FROM REGISTRATION THEREUNDER.
(c) Each Certificate shall be held in custody by the Company, together with stock powers endorsed in blank by the Grantee with respect thereto, until the Vesting Date applicable to the Restricted Shares represented by that Certificate.
(d) At such time as the Company determines, with the advice of counsel, that any Restricted Shares are transferable by the Grantee pursuant to this Agreement and without violation of any federal or state securities or other laws, the Grantee may request that the Company cancel the Certificate representing such Restricted Shares and replace that ...
Retention of Stock Certificate(s) by the Company. The certificate(s) representing the Restricted Stock shall be issued in book entry form and held subject to the restrictions contained in this Agreement by the Company’s stock transfer agent, until those shares have become nonforfeitable in accordance with Section 1.
