Common use of Conversion to Common Stock Clause in Contracts

Conversion to Common Stock. Unless the Stock Units are forfeited prior to the Vesting Date as provided in Section 1 above, the Stock Units will be converted to actual Shares of common stock on the applicable Vesting Date. Stock certificates evidencing the conversion of Stock Units into Shares of common stock will be registered on the books of the Company in Grantee’s name (or in street name to Grantee’s brokerage account) as of the Vesting Date and delivered to Grantee, in certificated or uncertificated form, as soon as practical thereafter.

Appears in 3 contracts

Sources: Time Based Restricted Stock Unit Award Agreement (Select Interior Concepts, Inc.), Time Based Restricted Stock Unit Award Agreement (Select Interior Concepts, Inc.), Time Based Restricted Stock Unit Award Agreement (Select Interior Concepts, Inc.)

Conversion to Common Stock. Unless the Stock Units are forfeited prior to the Vesting Date as provided in Section 1 Sections 2 and 3 above, the Stock Earned Units will be converted to actual Shares of common stock on the applicable Vesting Date. Stock certificates evidencing the conversion of Stock Units into Shares of common stock will be registered on the books of the Company in Grantee’s name (or in street name to Grantee’s brokerage account) as of the Vesting Date and delivered to Grantee, in certificated or uncertificated form, as soon as practical thereafter.

Appears in 2 contracts

Sources: Performance Based Restricted Stock Unit Award Agreement (Select Interior Concepts, Inc.), Performance Based Restricted Stock Unit Award Agreement (Select Interior Concepts, Inc.)

Conversion to Common Stock. Unless the Stock Units are forfeited prior to the Vesting Date as provided in Section 1 3 above, the earned Stock Units will be converted to actual Shares of common stock on the applicable Vesting DateDates. Stock certificates evidencing the conversion of Stock Units into Shares of common stock will be registered on the books of the Company in Grantee’s name (or in street name to Grantee’s brokerage account) as of the Vesting Date and delivered to Grantee, in certificated or uncertificated form, as soon as practical thereafter.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Award Agreement (Select Interior Concepts, Inc.)

Conversion to Common Stock. Unless the Stock Units are forfeited prior to the Vesting Date as provided in Section 1 section 2 above, the Stock Units will be converted on the Vesting Date to actual Shares of common stock on the applicable Vesting Datestock. Stock certificates evidencing the conversion of Stock Units into Shares of common stock will be registered on the books of the Company in Grantee’s name (or in street name to Grantee’s brokerage account) as of the Vesting Date and delivered to Grantee, in certificated or uncertificated form, as soon as practical thereafter.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Award Agreement (Firstcash, Inc)