Stock Power. With respect to any Shares that are forfeited in accordance with Paragraph 6, the Participant hereby irrevocably appoints the Company’s Secretary as his attorney to transfer any forfeited Shares on the books of the Company with full power of substitution in the premises. The Company’s Secretary shall use the authority granted in this Paragraph 10 to cancel any Shares that are forfeited in accordance with Paragraph 6. The authority granted in this Paragraph 10 shall terminate with respect to Shares on the date that such Shares become Vested in accordance with Paragraphs 3 or 4.
Appears in 8 contracts
Samples: Stock Award Agreement (CapLease, Inc.), Stock Award Agreement (CapLease, Inc.), Stock Award Agreement (Capital Lease Funding Inc)
Stock Power. With respect to any Shares that are forfeited in accordance with Paragraph 67 or withheld in accordance with Paragraph 13, the Participant hereby irrevocably appoints the Company’s Chief of Executive Officer and the Company’s Secretary as his attorney the Participant’s attorneys to transfer any forfeited Shares on the books of the Company with full power of substitution in the premises. The Company’s Chief Executive Officer and Secretary shall use the authority granted in this Paragraph 10 11 to cancel any Shares that are forfeited in accordance with Paragraph 6. The authority granted in this Paragraph 10 shall terminate with respect to Shares on the date that such Shares become Vested 7 or withheld in accordance with Paragraphs 3 or 4Paragraph 13.
Appears in 2 contracts
Samples: Stock Award Agreement (New York Mortgage Trust Inc), Stock Award Agreement (New York Mortgage Trust Inc)
Stock Power. With respect to any Shares that are forfeited in accordance with Paragraph 6, the Participant hereby irrevocably appoints the Company’s Secretary as his attorney to transfer any forfeited Shares on the books of the Company with full power of substitution in the premises. The Company’s Secretary shall use the authority granted in this Paragraph 10 to cancel any Shares that are forfeited in accordance with Paragraph 6. The authority granted in this Paragraph 10 shall terminate with respect to Shares on the date that such Shares become Vested in accordance with Paragraphs Paragraph 3 or 4.
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Stock Power. With respect to any Shares that are forfeited in accordance with Paragraph 66 or withheld in accordance with Paragraph 12, the Participant hereby irrevocably appoints the Company’s Chief of Executive Officer and the Company’s Secretary as his attorney the Participant’s attorneys to transfer any forfeited Shares on the books of the Company with full power of substitution in the premises. The Company’s Chief Executive Officer and Secretary shall use the authority granted in this Paragraph 10 to cancel any Shares that are forfeited in accordance with Paragraph 6. The authority granted in this Paragraph 10 shall terminate with respect to Shares on the date that such Shares become Vested 6 or withheld in accordance with Paragraphs 3 or 4Paragraph 12.
Appears in 1 contract
Samples: Of Stock Award Agreement (New York Mortgage Trust Inc)
Stock Power. With respect to any Shares that are forfeited in accordance with Paragraph 68 or withheld in accordance with Paragraph 13, the Participant hereby irrevocably appoints the Company’s Chief of Executive Officer and the Company’s Secretary as his attorney the Participant’s attorneys to transfer any forfeited Shares on the books of the Company with full power of substitution in the premises. The Company’s Chief Executive Officer and Secretary shall use the authority granted in this Paragraph 10 11 to cancel any Shares that are forfeited in accordance with Paragraph 6. The authority granted in this Paragraph 10 shall terminate with respect to Shares on the date that such Shares become Vested 7 or withheld in accordance with Paragraphs 3 or 4Paragraph 13.
Appears in 1 contract
Samples: Of Stock Award Agreement (New York Mortgage Trust Inc)