Common use of Deposit of Certificates Clause in Contracts

Deposit of Certificates. Grantee shall deposit with the Company all certificates evidencing the Shares together with a properly endorsed stock power assignment. Upon written request from Grantee, the Company shall reissue and deliver to Grantee a new certificate evidencing the Vested Shares, and shall reissue a certificate evidencing the Unvested Shares as of the date thereof, which Grantee shall deposit with the Company, together with a new properly endorsed stock power assignment.

Appears in 3 contracts

Sources: Restricted Stock Agreement (Trizetto Group Inc), Restricted Stock Agreement (Trizetto Group Inc), Restricted Stock Agreement (Trizetto Group Inc)