Common use of Stock Distributions Clause in Contracts

Stock Distributions. Any shares of Common Stock of the Corporation received by a Participant as a stock dividend, or as a result of stock splits, recapitalizations, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise which are derived directly or indirectly from shares of Restricted Stock shall have the same status, be subject to the same restrictions, and shall bear the same legend as the shares of Restricted Stock and shall be delivered to the Escrow Agent to be held under the same terms and conditions as the Restricted Stock.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Thomas & Betts Corp), Restricted Stock Agreement (Thomas & Betts Corp)

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Stock Distributions. Any shares of Common Stock of the Corporation received by a Participant recipient as a stock dividend, or as a result of stock splits, recapitalizations, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise which are derived directly or indirectly from shares of Restricted Stock shall have the same status, be subject to the same restrictionsagreements, and shall bear the same legend as the shares of Restricted Stock and shall be delivered to the Escrow Agent to be held under the same terms and conditions as the Restricted Stock.

Appears in 1 contract

Samples: Grant Agreement (Thomas & Betts Corp)

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Stock Distributions. Any shares of Common Stock or other securities of the Corporation received by a Participant the Employee as a stock dividend, or as in connection with a result of stock splitssplit or combination, recapitalizationsshare exchange, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise other recapitalization which are derived directly or indirectly from shares of Restricted Stock shall have the same status, be subject to the same restrictions, and shall bear the same legend (or book-entry record) as the shares of Restricted Stock and and, if certificated, shall be delivered to the Escrow Agent to be held under the same terms and conditions as the Restricted Stock.

Appears in 1 contract

Samples: Restricted Stock Agreement (Thomas & Betts Corp)

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