Stock Power. With respect to any shares that are forfeited in accordance with this Agreement, the Participant hereby appoints the Company’s Chief Executive Officer and the Company’s Chief Operating Officer as his attorney to transfer any such forfeited shares on the books of the Company with full power of substitution in the premises. Such persons shall use the authority granted under this paragraph 10 to cancel any shares that are forfeited under this Agreement.
Appears in 12 contracts
Samples: Stock Award Agreement (Equity Inns Inc), Stock Award Agreement (Equity Inns Inc), Stock Award Agreement (Equity Inns Inc)
