Common use of Certificates Issued Clause in Contracts

Certificates Issued. The stock certificate(s) evidencing the Restricted Stock shall be issued and registered on the Company’s books in the name of the Director as of the date hereof. Upon expiration of the Restriction Period set forth above with respect to any shares of Restricted Stock, the Company shall, upon the request of the Director, cause a stock certificate or certificates, without legend, covering the requisite number of vested shares of Restricted Stock which are no longer subject to the Restriction Period, to be registered on the Company’s books in the name of the Director and delivered to the Director within thirty (30) days after such request. Upon receipt of such stock certificate(s) without the restricted stock legend, the Director shall be free to hold or dispose of such certificate(s), subject to (1) the general conditions and procedures provided in the Plan and this Agreement and (2) the applicable restrictions and procedures of federal and state securities laws.