Common use of Securities and Exchange Commission Requirements Clause in Contracts

Securities and Exchange Commission Requirements. If you are a Section 16 insider, this grant of Restricted Stock must be reported on a Form 4 before the end of the second (2) business day following the Date of Grant. Please be aware that if you are going to reject the grant of Restricted Stock hereunder, you should do so immediately after the Date of Xxxxx to avoid potential Section 16 liability. Please advise Xxxxx Xxxxx and Xxxxx Xxxx immediately by e-mail, fax or telephone call if you intend to reject this grant. Absent such notice of rejection, we will prepare and file the required Form 4 on your behalf within the required two business day deadline. Those of you covered by these requirements will have already been advised of your status. Others may become Section 16 insiders at some future date, in which case reporting will be required in the same manner noted above.

Appears in 1 contract

Samples: Grant Agreement (McDermott International Inc)

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Securities and Exchange Commission Requirements. If you are a Section 16 insider, this grant of Restricted Stock must be reported on a Form 4 before the end of the second (22nd) business day following the Date of Grant. Please be aware that if you are going to reject the grant of Restricted Stock hereunder, you should do so immediately after the Date of Xxxxx to avoid potential Section 16 liability. Please advise Xxxxx Xxxxx and Xxxxx Xxxx immediately by e-mail, fax or telephone call if you intend to reject this grant. Absent such notice of rejection, we will prepare and file the required Form 4 on your behalf behalf, as applicable, within the required two business day deadline. Those of you covered by these requirements will have already been advised of your status. Others may become Section 16 insiders at some future date, in which case reporting will be required in the same manner noted above.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Babcock & Wilcox Co)

Securities and Exchange Commission Requirements. If you are a Section 16 insider, this grant of Restricted Stock must be reported on a Form 4 before the end of the second (22nd) business day following the Date of Grant. Please be aware that if you are going to reject the grant of Restricted Stock hereunder, you should do so immediately after the Date of Xxxxx to avoid potential Section 16 liability. Please advise Xxxxx Xxxxx and Xxxxx Xxxx Xxxxxx Xxxxxx immediately by e-mail, fax or telephone call if you intend to reject this grant. Absent such notice of rejection, we will prepare and file the required Form 4 on your behalf behalf, as applicable, within the required two business day deadline. Those of you covered by these requirements will have already been advised of your status. Others may become Section 16 insiders at some future date, in which case reporting will be required in the same manner noted above.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Babcock & Wilcox Co)

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Securities and Exchange Commission Requirements. If you are a Section 16 insider, this grant of Restricted Stock must be reported on a Form 4 before the end of the second (22nd) business day following the Date of Grant. Please be aware that if you are going to reject the grant of Restricted Stock hereunder, you should do so immediately after the Date of Xxxxx Grant to avoid potential Section 16 liability. Please advise Xxxxx Xxxxx Xxxx Xxxxxx and Xxxxx Xxxx Hack immediately by e-mail, fax or telephone call if you intend to reject this grant. Absent such notice of rejection, we will prepare and file the required Form 4 on your behalf behalf, as applicable, within the required two business day deadline. Those of you covered by these requirements will have already been advised of your status. Others may become Section 16 insiders at some future date, in which case reporting will be required in the same manner noted above.

Appears in 1 contract

Samples: Mii Restricted Stock Grant Agreement (McDermott International Inc)

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