Custody and Delivery of Shares Contract Clauses (19)
Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Custody and Delivery of Shares clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested, in whole or in part, pursuant to Sections 4 or 5 hereof, and as soon thereafter as practicable, subject to Section 14.C hereof, the vested Shares shall be delivered to the Grantee as the Grantee shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or certificates repre...senting the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Sections 4 or 5 hereof, and the Company shall as soon thereafter as practicable, subject to Section 14.C hereof, deliver the certificate or certificates for the vested Shares to the Grantee and destroy the stock power or powers relating to the vested Shares, if any, delivered by the Grantee pursuant to Section 3 hereof. If such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 6, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares.View More
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested, in whole or in part, pursuant to Sections Section 4 or 5 hereof, and as soon thereafter as practicable, subject to Section 14.C hereof, the vested Shares shall be delivered to the Grantee as the Grantee shall direct. hereof. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or ce...rtificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Sections Section 4 hereof. After all or 5 any portion of the Award shall have vested pursuant to Section 4 hereof, and the Company shall as soon thereafter as practicable, shall, subject to Section 14.C 6.1 hereof, transfer the vested Shares on its books or deliver the certificate or certificates for the vested Shares Shares, as applicable, to a brokerage account in the name of the Holder as designated by the Holder, which transfer to the Grantee and brokerage account shall occur (i) on the second business day after the Company receives a request for such transfer from the Holder, or (ii) in the absence of such request from the Holder, automatically on the last day of each calendar month after the Grant Date. If the Company delivers certificate(s) for the vested Shares pursuant to the foregoing sentence, the Company shall also destroy the stock power or powers relating to the such vested Shares, if any, Shares delivered by the Grantee Holder pursuant to Section 3 hereof. If 1 hereof; provided that, if such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 6, 3, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares. View More
Custody and Delivery of Shares. The Shares subject to the Award shall be held by the Company or by a custodian in book entry form, with restrictions on the Shares duly noted, until such Award shall have vested, in whole or in part, pursuant to Sections Section 4 or 5 hereof, and as soon thereafter as practicable, subject to Section 14.C 11.C hereof, the vested Shares Stock shall be delivered to the Grantee as the Grantee shall direct. Alternatively, in the sole discretion of the Company, the Company shall hold a certificate or... certificates representing the Shares subject to the Award until such Award shall have vested, in whole or in part, pursuant to Sections Section 4 or 5 hereof, and the 1 Company shall as soon thereafter as practicable, subject to Section 14.C 11.C hereof, deliver the certificate or certificates for the vested Shares Stock to the Grantee and destroy the stock power or powers relating to the vested Shares, if any, Stock delivered by the Grantee pursuant to Section 3 hereof. If such stock power or powers also relate to unvested Shares, the Company may require, as a condition precedent to delivery of any certificate pursuant to this Section 6, the execution and delivery to the Company of one or more stock powers relating to such unvested Shares.View More
