Common use of Stock Held by Company Clause in Contracts

Stock Held by Company. The Restricted Stock Award shall be evidenced via a book entry registration or the issuance of a stock certificate or certificates as determined by the Company. As a condition precedent to the book entry registration or the issuing of a certificate representing these shares of the Award, the Participant must deliver to the Company a duly executed irrevocable stock power (in blank) covering such shares represented by the certificate in the form of Exhibit A attached hereto. All shares of the Award held by the Company pursuant to this Award Agreement shall constitute issued and outstanding shares of Common Stock of the Company for all corporate purposes, and the Participant shall be entitled to vote such shares and shall receive all cash dividends thereon provided that the right to vote or receive such dividends shall terminate with respect to shares which have been forfeited as provided under this Award Agreement. While such shares are held by the Company and until such shares have vested on the applicable date set forth on the Cover Page (the “Vesting Date”), the Participant for whose benefit such shares are held shall not have the right to encumber or otherwise change, sell, assign, transfer, pledge or otherwise dispose of such unvested shares of Stock or any interest therein, and such unvested shares of Stock shall not be subject to attachment or any other legal or equitable process brought by or on behalf of any creditor of such Participant; and any such attempt to attach or receive shares in violation of this Award Agreement shall be null and void. If such shares shall vest on the applicable Vesting Date in accordance with this Award Agreement, the Company shall deliver the shares via book entry registration or in the form of a certificate representing such vested shares.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Helmerich & Payne Inc), Restricted Stock Award Agreement (Helmerich & Payne Inc), Restricted Stock Award Agreement (Helmerich & Payne Inc)

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Stock Held by Company. The Restricted Stock Award shall be evidenced via a book entry registration or the issuance of a stock certificate or certificates as determined by the Company. As a condition precedent to the book entry registration or the issuing of a certificate representing these shares of Shares subject to the Restricted Stock Award, the Participant must deliver to the Company a duly executed irrevocable stock power (in blank) covering such shares Shares represented by the certificate in the form of Exhibit A attached hereto. All shares of Shares subject to the Restricted Stock Award held by the Company pursuant to this Award Agreement shall constitute issued and outstanding shares of Common Stock of the Company for all corporate purposes, and the Participant shall be entitled to vote such shares Shares and shall receive all cash dividends thereon provided that the right to vote or receive such dividends shall terminate with respect to shares Shares which have been forfeited as provided under this Award Agreement. While such shares Shares are held by the Company and until such shares Shares have vested on the applicable date set forth on the Cover Page (the “Vesting Date”), the Participant for whose benefit such shares Shares are held shall not have the right to encumber or otherwise change, sell, assign, transfer, pledge or otherwise dispose of such unvested shares of Stock Shares or any interest therein, and such unvested shares of Stock Shares shall not be subject to attachment or any other legal or equitable process brought by or on behalf of any creditor of such Participant; and any such attempt to attach or receive shares Shares in violation of this Award Agreement shall be null and void. If such shares shall vest on the applicable Vesting Date in accordance with this Award Agreement, the Company shall deliver the shares via book entry registration or in the form of a certificate representing such vested shares.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Helmerich & Payne, Inc.), Director Nonqualified Stock Option Agreement (Helmerich & Payne, Inc.), Nonqualified Stock Option Agreement (Helmerich & Payne, Inc.)

Stock Held by Company. The Restricted Stock Award Company shall be evidenced via hold a book entry registration or certificate registered in the issuance name of a stock certificate or certificates as determined by the CompanyParticipant representing the total number of shares of the Award. As a condition precedent to the book entry registration or the issuing of a certificate representing these shares of the Award, the Participant must deliver to the Company a duly executed irrevocable stock power (in blank) covering such shares represented by the certificate in the form of Exhibit A attached hereto. All shares of the Award held by the Company pursuant to this Award Agreement shall constitute issued and outstanding shares of Common Stock of the Company for all corporate purposes, and the Participant shall be entitled to vote such shares and shall receive all cash dividends thereon provided that the right to vote or receive such dividends shall terminate with respect to shares which have been forfeited as provided under this Award Agreement. While such shares are held by the Company and until such shares have vested on the applicable date set forth on the Cover Page (the “Vesting Date”), the Participant for whose benefit such shares are held shall not have the right to encumber or otherwise change, sell, assign, transfer, pledge or otherwise dispose of such unvested shares of Stock or any interest therein, and such unvested shares of Stock shall not be subject to attachment or any other legal or equitable process brought by or on behalf of any creditor of such Participant; and any such attempt to attach or receive shares in violation of this Award Agreement shall be null and void. If such shares shall vest on the applicable Vesting Date in accordance with this Award Agreement, the Company shall deliver to the shares via book entry registration or in the form of Participant a certificate representing such vested shares.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Helmerich & Payne Inc), Nonqualified Stock Option Agreement (Helmerich & Payne Inc), Restricted Stock Award Agreement (Helmerich & Payne Inc)

Stock Held by Company. The Restricted Stock Award shall be evidenced via a book entry registration or the issuance of a stock certificate or certificates as determined by the Company. As a condition precedent to the book entry registration or the issuing of a certificate representing these shares of Shares subject to the Restricted Stock Award, the Participant must deliver to the Company a duly executed irrevocable stock power (in blank) covering such shares Shares represented by the certificate in the form of Exhibit A attached hereto. All shares of Shares subject to the Restricted Stock Award held by the Company pursuant to this Award Agreement shall constitute issued and outstanding shares of Common Stock of the Company for all corporate purposes, and the Participant shall be entitled to vote such shares Shares and shall receive all cash dividends thereon thereon, provided that the right to vote or receive such dividends shall terminate with respect to shares Shares which have been forfeited as provided under this Award Agreement. While such shares Shares are held by the Company and until such shares Shares have vested on the applicable date set forth on the Cover Page (the “Vesting Date”)vested, the Participant for whose benefit such shares Shares are held shall not have the right to encumber or otherwise change, sell, assign, transfer, pledge or otherwise dispose of such unvested shares of Stock Shares or any interest therein, and such unvested shares of Stock Shares shall not be subject to attachment or any other legal or equitable process brought by or on behalf of any creditor of such Participant; and any such attempt to attach or receive shares Shares in violation of this Award Agreement shall be null and void. If such shares shall vest on the applicable Vesting Date in accordance with this Award Agreement, the Company shall deliver the shares via book entry registration or in the form of a certificate representing such vested shares.

Appears in 3 contracts

Samples: Director Restricted Stock Award Agreement (Helmerich & Payne, Inc.), Director Restricted Stock Award Agreement (Helmerich & Payne, Inc.), Director Restricted Stock Award Agreement (Helmerich & Payne, Inc.)

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Stock Held by Company. The Restricted Stock Award shall be evidenced via a book entry registration or the issuance of a stock certificate or certificates as determined by the Company. As a condition precedent to the book entry registration or the issuing of a certificate representing these shares of Shares subject to the Restricted Stock Award, the Participant must deliver to the Company a duly executed irrevocable stock power (in blank) covering such shares Shares represented by the certificate in the form of Exhibit A attached hereto. All shares of Shares subject to the Restricted Stock Award held by the Company pursuant to this Award Agreement shall constitute issued and outstanding shares of Common Stock of the Company for all corporate purposes, and the Participant shall be entitled to vote such shares Shares and shall receive all cash dividends thereon provided that the right to vote or receive such dividends shall terminate with respect to shares Shares which have been forfeited as provided under this Award Agreement. While such shares Shares are held by the Company and until such shares Shares have vested on the applicable date set forth on the Cover Page (the “Vesting Date”)vested, the Participant for whose benefit such shares Shares are held shall not have the right to encumber or otherwise change, sell, assign, transfer, pledge or otherwise dispose of such unvested shares of Stock Shares or any interest therein, and such unvested shares of Stock Shares shall not be subject to attachment or any other legal or equitable process brought by or on behalf of any creditor of such Participant; and any such attempt to attach or receive shares Shares in violation of this Award Agreement shall be null and void. If such shares shall vest on the applicable Vesting Date in accordance with this Award Agreement, the Company shall deliver the shares via book entry registration or in the form of a certificate representing such vested shares.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Helmerich & Payne, Inc.), Restricted Stock Award Agreement (Helmerich & Payne, Inc.)

Stock Held by Company. The Restricted Stock Award Company shall be evidenced via hold a book entry registration or certificate registered in the issuance name of a stock certificate or certificates as determined by the CompanyParticipant representing the total number of shares of the Award. As a condition precedent to the book entry registration or the issuing of a certificate representing these shares of the Award, the Participant must deliver to the Company a duly executed irrevocable stock power (in blank) covering such shares represented by the certificate in the form of Exhibit A attached hereto. All shares of the Award held by the Company pursuant to this Award Agreement shall constitute issued and outstanding shares of Common Stock of the Company for all corporate purposes, and the Participant shall be entitled to vote such shares and shall receive all cash dividends thereon provided that the right to vote or receive such dividends shall terminate with respect to shares which have been forfeited as provided under this Award Agreement. While such shares are held by the Company and until such shares have vested on the applicable date set forth on the Cover Page (the "Vesting Date"), the Participant for whose benefit such shares are held shall not have the right to encumber or otherwise change, sell, assign, transfer, pledge or otherwise dispose of such unvested shares of Stock or any interest therein, and such unvested shares of Stock shall not be subject to attachment or any other legal or equitable process brought by or on behalf of any creditor of such Participant; and any such attempt to attach or receive shares in violation of this Award Agreement shall be null and void. If such shares shall vest on the applicable Vesting Date in accordance with this Award Agreement, the Company shall deliver to the shares via book entry registration or in the form of Participant a certificate representing such vested shares.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Helmerich & Payne Inc)

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