Common use of Shareholder Status; Custody of Certificate(s) Clause in Contracts

Shareholder Status; Custody of Certificate(s). (a) Prior to the vesting of the Restricted Stock, the Participant shall not have the right to vote the Restricted Stock, and instead, the Restricted Stock shall be voted as directed by action of the Board. The Participant agrees to execute a proxy upon request of the Board at any time during the Restricted Period appointing an agent designated by the Board to vote the Restricted Stock. The Participant shall have the right to receive and retain all regular cash dividends paid or distributed in respect of the Restricted Stock, if any. Except as expressly provided otherwise herein, the Participant shall have all other rights as a holder of outstanding Shares. (b) Until all of the Restricted Stock vests pursuant to Section 1.2, the Company shall retain custody of the stock certificate(s) representing the Shares unless the Participant requests in writing that the Company issue a certificate for any portion that represents Vested Shares to the Participant. As soon as practicable after the lapse of the restrictions, the Company shall issue or release or cause to be issued or released certificate(s) representing the Shares.