Common use of Stock Powers Clause in Contracts

Stock Powers. The Recipient shall deposit with the Company stock powers or other instruments of transfer or assignment, duly endorsed in blank with signature(s) guaranteed, corresponding to each certificate representing shares of Restricted Stock until such shares become Vested Shares, on a form attached hereto as Exhibit B. If the Recipient shall fail to provide the Company with any such stock power or other instrument of transfer or assignment, the Recipient hereby irrevocably appoints the Secretary of the Company as his attorney-in-fact, with full power of appointment and substitution, to execute and deliver any such power or other instrument which may be necessary to effectuate the transfer of the Restricted Stock (or assignment of distributions thereon) on the books and records of the Company. In addition, the Company may require the spouse of the Recipient, if any, to execute and deliver to the Company the Consent of Spouse in the form attached hereto as Exhibit C.

Appears in 8 contracts

Samples: Consultant Agreement (Surgalign Holdings, Inc.), Employment Agreement (Rti Surgical, Inc.), Restricted Stock Agreement (AgroFresh Solutions, Inc.)

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Stock Powers. The Recipient Grantee shall deposit with the Company stock powers or other instruments of transfer or assignment, duly endorsed in blank with signature(s) guaranteed, corresponding to each certificate representing shares of Restricted Stock until such shares become Vested Sharesvested, on a form attached hereto as Exhibit B. A. If the Recipient Grantee shall fail to provide the Company with any such stock power or other instrument of transfer or assignment, the Recipient Grantee hereby irrevocably appoints the Secretary of the Company as his attorney-in-fact, with full power of appointment and substitution, to execute and deliver any such power or other instrument which may be necessary to effectuate the transfer of the Restricted Stock (or assignment of distributions thereon) on the books and records of the Company. In addition, the Company may require the spouse of the RecipientGrantee, if any, to execute and deliver to the Company the Consent of Spouse in the form attached hereto as Exhibit C.B.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Rti Surgical, Inc.), Restricted Stock Award Agreement (Rti Surgical, Inc.), Stand Alone Restricted Stock Award Agreement (Rti Surgical, Inc.)

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