Escrow of Share Certificates. Certificates for the Restricted Shares shall be issued in the Grantee's name and shall be held in escrow by the Company until all restrictions lapse or such Shares are forfeited as provided herein. A certificate or certificates representing the Restricted Shares as to which restrictions have lapsed shall be delivered from escrow by the Company to the grantee upon such lapse.
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Escrow of Share Certificates. Certificates for the Restricted Shares shall be issued in the Grantee's ’s name and shall be held in escrow by the Company until all restrictions lapse or such Shares are forfeited as provided herein. A certificate or certificates representing the Restricted Shares as to which restrictions have lapsed shall be delivered from escrow by the Company to the grantee upon such lapse.
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Escrow of Share Certificates. Certificates for the Restricted Shares shall be issued in the Grantee's ’s name and shall be held in escrow by the Company until all restrictions lapse or such Shares shares are forfeited as provided herein; provided, however, that the terms of such escrow shall make allowance for the transactions contemplated by Section 7 above. A certificate or certificates representing the Restricted Shares as to which restrictions have lapsed shall be delivered from escrow by the Company to the grantee Grantee upon such lapse.
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Sources: Restricted Stock Agreement (Citizens & Northern Corp)