Common use of Vested Stock - Removal of Restrictions Clause in Contracts

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s Xxxxxxx Xxxxxxx Policy.

Appears in 11 contracts

Samples: Restricted Stock Award Agreement (Chesapeake Energy Corp), Restricted Stock Award Agreement (Chesapeake Energy Corp), Restricted Stock Award Agreement (Chesapeake Energy Corp)

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Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates representing such Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) certificates representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s Xxxxxxx Xxxxxxx Policy.

Appears in 8 contracts

Samples: Restricted Stock Award Agreement (Path 1 Network Technologies Inc), Restricted Stock Award Agreement (Path 1 Network Technologies Inc), Restricted Stock Award Agreement (Path 1 Network Technologies Inc)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates representing such Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) certificates representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant restrictions, together with a check in the amount of all Accrued Dividends attributed to the Company’s Xxxxxxx Xxxxxxx Policysuch Vested Stock without interest thereon.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Fleming Companies Inc /Ok/), Restricted Stock Award Agreement (Fleming Companies Inc /Ok/), Restricted Stock Award Agreement (Fleming Companies Inc /Ok/)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s Xxxxxxx Xxxxxxx Policy.

Appears in 3 contracts

Samples: Non Employee Director Restricted Stock Award Agreement (Chesapeake Energy Corp), Non Employee Director Restricted Stock Award Agreement (Chesapeake Energy Corp), Non Employee Director Restricted Stock Award Agreement (Chesapeake Energy Corp)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Stock removed, and the Secretary of the Company Escrow Agent shall deliver to the Participant shares either in certificate form form, or via D.W.A.C. (delivery/withdrawal at custodian) book entry equivalent representing such Vested Stock Stock, free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s 's Insixxx Xxxxxxx Xxxxxxx PolicyXxxicy.

Appears in 2 contracts

Samples: Eligible Employee and Consultant (GMX Resources Inc), Non Employee Director (GMX Resources Inc)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Stock removed, and the Secretary of the Company Escrow Agent shall deliver to the Participant shares either in certificate form form, or via D.W.A.C. (delivery/withdrawal at custodian) book entry equivalent representing such Vested Stock Stock, free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s 's Xxxxxxx Xxxxxxx Policy.. 3.5

Appears in 2 contracts

Samples: Consultant Restricted Stock Award Agreement, Restricted Stock Award Agreement

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Restricted Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s Xxxxxxx Xxxxxxx Policy.

Appears in 2 contracts

Samples: Restricted Stock Replacement Award Agreement (Seventy Seven Energy Inc.), Restricted Stock Replacement Award Agreement (Seventy Seven Energy Inc.)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Restricted Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s Xxxxxxx Xxxxxxx Policyclawback or recoupment policies as in effect from time to time.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Seventy Seven Energy Inc.), Director Restricted Stock Award Agreement (Seventy Seven Energy Inc.)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Stock and the Secretary of the Company shall deliver to the Participant Executive shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s Xxxxxxx Xxxxxxx Policy.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Chesapeake Energy Corp)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates or book-entry registrations representing such Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form certificates or via D.W.A.C. (delivery/withdrawal at custodian) a Direct Registration Statement for the book-entry registration, representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant restrictions, together with a check in the amount of all Accrued Dividends attributed to the Company’s Xxxxxxx Xxxxxxx Policysuch Vested Stock without interest thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Devon Energy Corp/De)

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Vested Stock - Removal of Restrictions. Upon Restricted Re- stricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates representing such Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) certificates representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant restrictions, together with a check in the amount of all Accrued Dividends attributed to the Company’s Xxxxxxx Xxxxxxx Policysuch Vested Stock without interest thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Fleming Companies Inc /Ok/)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates representing such Stock and the Secretary of the Company shall (subject to Section 11 below) deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) certificates representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant to the Company’s Xxxxxxx Xxxxxxx Policy.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Path 1 Network Technologies Inc)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates representing such Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form or via D.W.A.C. (delivery/withdrawal at custodian) certificates representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant restrictions, together with a check in the amount of all Accrued Dividends and, to the Company’s Xxxxxxx Xxxxxxx Policyextent the Accrued Dividends are in the form of property instead of cash, the property, without interest thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Fleming Companies Inc /Ok/)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates or book-entry registrations representing such Stock and the Secretary of the Company shall deliver to the Participant shares either in certificate form certificates or via D.W.A.C. (delivery/withdrawal at custodian) a Direct Registration Statement for the book-entry registration representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant restrictions, together with a check in the amount of all Accrued Dividends attributed to the Company’s Xxxxxxx Xxxxxxx Policysuch Vested Stock without interest thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Devon Energy Corp/De)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Stock certificates or book-entry registrations and the Secretary of the Company shall deliver to the Participant shares either in certificate form certificates or via D.W.A.C. (delivery/withdrawal at custodian) a Direct Registration Statement for the book-entry registration, representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant restrictions, together with a check in the amount of all Accrued Dividends attributed to the Company’s Xxxxxxx Xxxxxxx Policysuch Vested Stock without interest thereon.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Devon Energy Corp/De)

Vested Stock - Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the Stock certificates or book-entry registrations and the Secretary of the Company shall deliver to the Participant shares either in certificate form certificates or via D.W.A.C. (delivery/withdrawal at custodian) a Direct Registration Statement for the book-entry registration representing such Vested Stock free and clear of all restrictions, except for any applicable securities laws restrictions or restrictions pursuant restrictions, together with a check in the amount of all Accrued Dividends attributed to the Company’s Xxxxxxx Xxxxxxx Policysuch Vested Stock without interest thereon.

Appears in 1 contract

Samples: Term Incentive Plan Restricted Stock Award Agreement (Devon Energy Corp/De)

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