Common use of Return of Original Stock Certificate Clause in Contracts

Return of Original Stock Certificate. Notwithstanding Section 6 above, the Grantee shall not be entitled to a stock certificate for the Vested Portion of his Restricted Stock until the Grantee delivers to the Committee the original stock certificate issued as part of the Grantee’s Restricted Stock award pursuant to Section 5.

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (HCSB Financial Corp), Restricted Stock Grant Agreement (HCSB Financial Corp), Restricted Stock Grant Agreement (HCSB Financial Corp)

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Return of Original Stock Certificate. Notwithstanding Section paragraph 6 above, the Grantee shall not be entitled to a stock certificate for the Vested Portion of his Restricted Stock until the Grantee delivers to the Committee the original stock certificate issued as part of the Grantee’s 's Restricted Stock award pursuant to Section paragraph 5.

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (First Sterling Banks Inc), Restricted Stock Grant Agreement (First Sterling Banks Inc)

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