Common use of Issuance of the Common Stock Clause in Contracts

Issuance of the Common Stock. (a) The Company will issue to the Grantee the Common Stock underlying the vested Restricted Stock Units, together with cash in lieu of any fractional share, as soon as practicable following the Vesting Date. (b) The Company’s obligations to the Grantee with respect to the Restricted Stock Units will be satisfied in full upon the issuance of shares of Common Stock corresponding to such Restricted Stock Units.

Appears in 2 contracts

Sources: Restricted Stock Units Agreement (Harsco Corp), Restricted Stock Units Agreement (Harsco Corp)