Common use of Delivery of Certificates Upon Vesting Clause in Contracts

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant to Section 3 hereof, the Change in Control Agreement, or Section 7 of the Plan and the satisfaction of any and all related tax withholding obligations pursuant to Section 11 hereof, the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form that have vested or deliver to the Grantee a certificate or certificates evidencing the number of shares of Restricted Stock that have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 8.5 of the Plan). The Grantee (or the beneficiary or personal representative of the Grantee in the event of the Grantee’s death or disability, as the case may be) shall deliver to the Corporation any written statements or agreements required pursuant to Section 8.1 of the Plan. The shares so delivered shall no longer be restricted shares hereunder.

Appears in 7 contracts

Sources: Employment Agreement (Signature Group Holdings, Inc.), Employment Agreement (Signature Group Holdings, Inc.), Employment Agreement (Signature Group Holdings Inc)

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant to Section 3 hereof, the Change in Control Agreement, hereof or Section 7 of the Plan and the satisfaction of any and all related tax withholding obligations pursuant to Section 11 10 hereof, the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form that have vested or deliver to the Grantee a certificate or certificates evidencing the number of shares of Restricted Stock that have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 8.5 of the Plan). The Grantee (or the beneficiary or personal representative of the Grantee in the event of the Grantee’s 's death or disability, as the case may be) shall deliver to the Corporation any written statements or agreements required pursuant to Section 8.1 of the Plan. The shares so delivered shall no longer be restricted shares hereunder.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Fremont General Corp)

Delivery of Certificates Upon Vesting. Promptly after the vesting of any shares of Restricted Stock pursuant to Section 3 hereof, the Change in Control Agreement, or Section 7 of the Plan and the satisfaction of any and all related tax withholding obligations pursuant to Section 11 hereof10, the Corporation shall, as applicable, either remove the notations on any shares of Restricted Stock issued in book entry form that which have vested or deliver to the Grantee a certificate or certificates evidencing the number of shares of Restricted Stock that which have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 8.5 of the Plan10). The Grantee (or the beneficiary Beneficiary or personal representative Personal Representative of the Grantee in the event of the Grantee’s 's death or disabilityincapacity, as the case may be) shall deliver to the Corporation any written statements representations or agreements required pursuant other documents or assurances as the Corporation may deem necessary or reasonably desirable to Section 8.1 of the Planensure compliance with all applicable legal and regulatory requirements. The shares so delivered shall no longer be restricted shares hereunder.

Appears in 1 contract

Sources: Director Stock Option Agreement (International Game Technology)

Delivery of Certificates Upon Vesting. Promptly As soon as practicable following the request of Grantee therefor after the vesting lapse or other release of any shares of Restricted Stock pursuant to Section 3 hereof, the Change in Control Agreement, or Section 7 of the Plan and the satisfaction of any and all related tax withholding obligations pursuant to Section 11 hereofrestrictions, the Corporation shall, as applicable, shall either remove the notations on any shares of Restricted Common Stock issued in book entry form that as to which the restrictions have vested lapsed or deliver to the Grantee a certificate been released (or certificates evidencing the number of shares of Restricted Stock that have vested (or, in either case, such lesser number of shares as may be permitted pursuant to Section 8.5 of the Plan) and that have been issued in book entry form or the Corporation shall deliver to the Grantee (or other person entitled under the Plan to receive the shares) a certificate or certificates (or shall deliver the shares of Common Stock electronically by DWAC or similar method) evidencing the number of shares of Common Stock as to which the restrictions have lapsed or been released (or such lesser number as may be permitted pursuant to Section 8.5 of the Plan). The Grantee (or the beneficiary or personal representative of the Grantee in the event of the Grantee’s death or disability, as the case may be) such other person shall deliver to the Corporation any written statements representations or agreements other documents or assurances required pursuant to Section 8.1 of the Plan. The shares so delivered shall no longer be restricted shares hereunder.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Quality Distribution Inc)