Common use of New Certificates Clause in Contracts

New Certificates. Subject to the provisions of Sections 6(a) and 7, ----------------- after Vesting and the satisfaction and/or lapse of the transfer and other restrictions, terms and conditions applicable to the Shares, a new certificate representing the Shares, without the legend set forth above in Section 6(a) or other restriction, will (in lieu, and upon cancellation, of the certificate, or the portion thereof, previously representing such Shares) be registered in the name of the Participant and delivered to the Participant within fifteen business days after the later of Vesting or payment of the taxes provided in Section 7 below.