Common use of Transfer of Shares of Stock Clause in Contracts

Transfer of Shares of Stock. The Company shall cause any shares of Stock which Employee has a right to receive under § 3 (subject to applicable tax withholdings effected in accordance with Section 16 of the Plan) to be transferred to Employee on the Company’s books and records and delivered to Employee w i t hi n s ix t y (60) da y s after the date on which he or she has the right to receive such shares, the specific date of such transfer, to be determined by the Committee During the period Employee is employed by the Company or a Subsidiary, shares received by an Employee under this Agreement, as well as any other Company shares owned by Employee, will be subject to certain trading "blackout" periods (which prohibit the sale or purchase of Company shares). Blackout periods can relate to the announcement of Company earnings or any other material, non-public information. Additionally, shares held by Employees may be subject to 'lock-up' agreements (which will prohibit the sale by Employees of Company stock for specified periods) as part of offerings of new Company shares on a public exchange.

Transfer of Shares of Stock. The Company shall cause any shares of Stock which Employee has a right to receive under § 3 (subject to applicable tax withholdings effected in accordance with Section 16 13 of the Plan) to be transferred to Employee on the Company’s books and records and delivered to Employee w i t hi n s ix t y (sixty ( 60) da y s after the date on which he or she has the right to receive such shares, the specific date of such transfer, transfer to be determined by the Committee Committee. During the period Employee is employed by the Company or a Subsidiary, shares received by an Employee under this Agreement, as well as any other Company shares owned by Employee, will be subject to certain trading "blackout" periods (which prohibit the sale or purchase of Company shares). Blackout periods can relate to the announcement of Company earnings or any other material, non-public information. Additionally, shares held by Employees may be subject to 'lock-up' agreements (which will prohibit the sale by Employees of Company stock for specified periods) as part of offerings of new Company shares on a public exchange.