Common use of Certificates for Stock Clause in Contracts

Certificates for Stock. Restricted Stock granted under the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are registered in the name of the Participant, the Committee may require that such certificates bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock, that the issuing company retain physical possession of the certificates, and that the Participant deliver a stock power to the issuing company, endorsed in blank, relating to the Restricted Stock.

Appears in 1 contract

Sources: Incentive Compensation Plan (BKF Capital Group Inc)

Certificates for Stock. Restricted Stock granted under the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are registered in the name of the Participant, the Committee may require that such certificates bear an appropriate legend referring to the terms, conditions conditions, and restrictions applicable to such Restricted Stock, that the issuing company Company retain physical possession of the certificates, and that the Participant deliver a stock power to the issuing companyCompany, endorsed in blank, relating to the Restricted Stock.

Appears in 1 contract

Sources: Merger Agreement (Nuvola, Inc.)