Issuance of Shares Contract Clauses (816)

Issuance of Shares. The Shares are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens.

Issuance of Shares. Subject to Section 6(b) of this DIP Award Agreement (pertaining to Section 409A of the Code) and Section 14.1 of the Company Plan (pertaining to the withholding of taxes), as soon as practicable after the date any Share Units become vested, but in no case later than 60 days following the date on which such Share Units become vested, the Company shall issue to the Grantee one or more share certificates or otherwise transfer Shares with respect to the Share Units vesting (or shall take other appro...priate steps to reflect the Grantee's unrestricted ownership of all or a portion of the vested Share Units that are subject to this DIP Award Agreement). View More

Issuance of Shares. 3.1Timing. 3.2Limitations on Transfer. 3.3Dividends and Other Distributions. 3.4Fractional Shares.

Issuance of Shares. Subject to Sections 8 and 13 of this Award Notice, upon the vesting of any Restricted Shares pursuant to this Award Notice, the Company shall issue a certificate or book-entry representing such vested Restricted Shares as promptly as practicable following the date of vesting. The Restricted Shares may be issued during your lifetime only to you, or after your death to your designated beneficiary, or, in the absence of such beneficiary, to your duly qualified personal representative.

Issuance of Shares. Upon your execution and delivery of this Agreement and one or more instruments of transfer relating to all shares issuable pursuant to this Agreement (the "Shares"), you will be issued _______________ Shares of Common Stock as of _________________ (the "Grant Date"), subject to the terms, conditions and restrictions of this Agreement and the Plan. Such Shares shall be registered in your name, but the Company shall retain custody of any certificates issued for such Shares pending the vesting or f...orfeiture thereof. Upon the vesting of any such Shares, the Company shall deliver to you the certificates for such Shares. View More

Issuance of Shares. Effective as of the Grant Date, the Committee or its designated representative shall cause a number of shares of Common Stock equal to the number of Restricted Shares to be issued and registered in the Participant's name, subject to the conditions and restrictions set forth in this Award Agreement and the Plan. Such issuance and registration shall be evidenced by an entry on the registry books of the Corporation and, until the applicable vesting date, the Restricted Shares shall remain subject t...o the conditions and restrictions set forth in this Award Agreement and the Plan. The Participant shall not be entitled to release of such restrictions for any portion of the Restricted Shares unless and until the related Restricted Shares have vested pursuant to Section 2 of this Award Agreement. In the event the Restricted Shares are forfeited in full or in part, the Participant hereby consents to the relinquishment of the forfeited Restricted Shares issued and registered in the Participant's name to the Corporation at that time. 1 2016 Plan – Section 16 Officer Restricted Stock with 3-year cliff vesting (2019 grant) 4. Forfeiture or Repayment Resulting from Forfeiture Event. (a) If there is a Forfeiture Event either while the Participant is employed or within three years after termination of the Participant's Employment, then the Committee may, but is not obligated to, cause all of the Participant's Restricted Shares to be forfeited by the Participant and returned to the Corporation. (b) If there is a Forfeiture Event either while the Participant is employed or within three years after termination of the Participant's Employment, then the Committee may, but is not obligated to, require the Participant to pay to the Corporation in cash an amount (the "Forfeiture Amount") up to (but not in excess of) the lesser of (i) the value of such Restricted Shares that have previously vested, determined as of the date such shares vested or (ii) the value of such Restricted Shares that have previously vested, determined as of the date on which the Committee makes a demand for payment of the Forfeiture Amount. Any Forfeiture Amount shall be paid by the Participant within sixty (60) days of receipt from the Corporation of written notice requiring payment of such Forfeiture Amount. (c) This Section 4 shall apply notwithstanding any provision of this Award Agreement to the contrary and is meant to provide the Corporation with rights in addition to any other remedy which may exist in law or in equity. This Section 4 shall not apply to the Participant following the effective time of a Change in Control. View More