Common use of Evidence of Issuance Clause in Contracts

Evidence of Issuance. The issuance of the Stock under the grant of Restricted Stock evidenced by this Agreement shall be evidenced in such a manner as the Company, in its discretion, will deem appropriate, including, without limitation, book-entry, registration or issuance of one or more Stock certificates, with any unvested Restricted Stock bearing the appropriate restrictions imposed by this Agreement. As your interest in the Restricted Stock vests, the recordation of the number of shares of Restricted Stock attributable to you will be appropriately modified if necessary. In so far as any share certificates are issued for unvested Restricted Stock, such certificates shall be held in escrow and shall contain an appropriate legend. If the Company utilizes book-entry form, appropriate restrictions will be noted in the Company records. Forfeiture of Unvested Restricted Stock Unless the termination of your Service triggers accelerated vesting of your Restricted Stock pursuant to the terms of this Agreement, the Plan, or any other written agreement between the Company (or any Affiliate) and you, you will automatically forfeit to the Company all of the unvested shares of Restricted Stock in the event your Service terminates for any reason.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Capitalsource Inc), Restricted Stock Agreement (Capitalsource Inc)

Evidence of Issuance. The issuance of the Stock Shares under the grant of Restricted Stock Shares evidenced by this Agreement shall be evidenced in such a manner as the Company, in its discretion, will deem appropriate, including, without limitation, book-entry, entry registration or issuance of one or more Stock share certificates, with any unvested Restricted Stock Shares bearing the appropriate restrictions imposed by this Agreement. As your interest in the Restricted Stock Shares vests, the recordation of the number of shares of Restricted Stock Shares attributable to you will be appropriately modified if necessary. In so far Insofar as any share certificates are issued for unvested Restricted StockShares, such certificates shall be held in escrow and shall contain an appropriate legend. If the Company utilizes book-entry form, appropriate restrictions will be noted in the Company records. Forfeiture of Unvested Restricted Stock Shares Unless the termination of your Service triggers accelerated vesting of your Restricted Stock Shares pursuant to the terms of this Agreement, the Plan, or any other written agreement between the Company (or any Affiliate) and you, you will automatically forfeit to the Company all of the unvested shares of Restricted Stock Shares in the event your Service terminates for any reason.

Appears in 1 contract

Sources: Restricted Shares Agreement (Chesapeake Lodging Trust)