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 Corporation, in its discretion, deems appropriate, including, without limitation, book-entry, direct registration or issuance of one or more share certificates (which may be held in escrow at the option of the Corporation until vested), with any unvested shares of 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. Forfeiture of Unvested Stock and Dividends In the event that your Service terminates for any reason other than death, Disability, Approved Retirement, or a Change in Control Resulting in Termination, you will forfeit to the Corporation all of the shares of Stock subject to this grant that have not yet vested, and you agree to remit to the Corporation within thirty (30) days an amount in cash equal to all dividends paid to you by the Corporation with respect to such unvested Restricted Stock. Leaves of Absence For purposes of this Agreement, your Service does not terminate when you go on a bona fide leave of absence that was approved by your employer in writing if the terms of the leave provide for continued Service crediting or when continued Service crediting is required by applicable law. Your Service terminates in any event when the approved leave ends unless you immediately return to active employee work.Your employer may determine, in its discretion, which leaves count for this purpose and when your Service terminates for all purposes under the Plan in accordance with the provisions of the Plan. Notwithstanding the foregoing, the Board may determine, in its discretion, that a leave counts for this purpose even if your employer does not agree.
Appears in 1 contract
Sources: Restricted Stock Agreement (Strategic Education, Inc.)
Evidence of Issuance. The issuance of the Stock Shares under the grant of Restricted Stock evidenced by this Agreement shall be evidenced in such a manner as the CorporationCompany, in its discretion, deems appropriate, including, without limitation, book-entry, direct registration or issuance of one or more share certificates (which may be held in escrow at the option of the Corporation until vested)certificates, with any unvested shares of 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. Forfeiture of Unvested Restricted Stock and Dividends In Unless the event that termination of your Service terminates for any reason with the Company or its Affiliate triggers accelerated vesting of your Restricted Stock or other than deathtreatment pursuant to the terms of this Agreement, Disability, Approved Retirementthe Plan, or a Change in Control Resulting in Terminationseverance or any other written agreement or plan between the Company or any Affiliate and you, you will automatically forfeit to the Corporation Company all of the shares of unvested Restricted Stock subject to this grant that have not yet vested, and in the event you agree to remit are no longer providing Service to the Corporation within thirty (30) days an amount in cash equal to all dividends paid to you by the Corporation with respect to such unvested Restricted StockCompany or its Affiliate for any reason. Leaves of Absence For purposes of this Agreement, your Service with the Company or its Affiliate does not terminate when you go on a bona fide leave of absence that was approved by your employer in writing if the terms of the leave of absence provide for continued Service crediting crediting, or when continued Service crediting is required by applicable law. Your Service terminates with the Company or its Affiliate will terminate in any event when the approved leave of absence ends unless you immediately return to active employee work.. Your employer may determine, in its discretion, which leaves of absence count for this purpose purpose, and when your Service terminates with the Company or its Affiliate will terminate for all purposes under the Plan in accordance with the provisions of the Plan. Notwithstanding the foregoing, the Board Company may determine, determine in its discretion, that a leave of absence counts for this purpose even if your employer does not agree.
Appears in 1 contract
Sources: Restricted Stock Agreement (Jernigan Capital, Inc.)
Evidence of Issuance. The issuance of the shares of Stock under the grant Grant of Restricted Stock evidenced by this Agreement shall be evidenced in such a manner as the CorporationCompany, in its discretion, deems appropriate, including, without limitation, book-entry, direct registration registration, or issuance of one or more share certificates (which may be held in escrow at the option of the Corporation until vested)certificates, with any unvested shares of 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. Forfeiture of Unvested Stock and Dividends In the event that your Service terminates for any reason other than death, Disability, Approved Retirement, or a Change in Control Resulting in Termination, you will forfeit to the Corporation all Delivery Delivery of the shares of Stock subject to this grant that have not yet vested, and you agree to remit represented by your vested RSUs shall be made as soon as practicable after the Grant Date. Forfeiture of Unvested Restricted Stock Unless the termination of your Service triggers accelerated vesting of your Restricted Stock pursuant to the Corporation within thirty (30) days an amount in cash equal terms of this Agreement or the Plan, you will automatically forfeit to the Company all dividends paid to you by of the Corporation with respect to such unvested Restricted StockStock in the event you are no longer providing Service. Leaves Leave of Absence For purposes of this Agreement, your Service does not terminate when you go on a bona fide leave of absence that was approved by your employer in writing if the terms of the leave provide for continued Service crediting crediting, or when continued Service crediting is required by applicable lawApplicable Laws. Your Service terminates in any event when the approved leave ends ends, unless you immediately return to active employee work.. Your employer may determine, in its discretion, which leaves count for this purpose purpose, and when your Service terminates for all purposes under the Plan in accordance with the provisions of the Plan. Notwithstanding the foregoing, the Board Committee may determine, in its discretion, that a leave counts for this purpose even if your employer does not agree.
Appears in 1 contract