Common use of Stock Certificate Restrictions Clause in Contracts

Stock Certificate Restrictions. Certificates for Shares shall be registered in the Participant's name (or, if the Participant so requests, in the name of the Participant and the Participant's spouse, jointly with right of survivorship). With respect to Shares in which the Participant is not vested on the Award Date, certificates for such unvested Shares together with a stock power executed in favor of the Company shall be deposited with the Company’s Transfer Agent. Certificates for such unvested Shares shall be held by the Transfer Agent until the Participant becomes vested in such Shares. The certificates may include a legend setting forth the restrictions on transfer.

Stock Certificate Restrictions. Certificates for Shares shall be registered in the Participant's ’s name (or, if the Participant so requests, in the name of the Participant and the Participant's ’s spouse, jointly with right of survivorship). With respect to Shares in which the Participant is not vested on the Award Date, certificates for such unvested Shares together with a stock power executed in favor of the Company shall be deposited with the Company’s Transfer Agent. Certificates for such unvested Shares shall be held by the Company’s Transfer Agent until the Participant becomes vested in such Shares. The certificates may include a legend setting forth the restrictions on transfer.