Common use of Retention of Certificates Clause in Contracts

Retention of Certificates. All original certificates evidencing shares of Restricted Stock shall be held by the Company for the benefit of the Executive until the transfer of such shares are no longer subject to the restrictions set out in the Plan and this Agreement.

Appears in 6 contracts

Sources: Restricted Stock Agreement (Remote Dynamics Inc), Restricted Stock Agreement (Remote Dynamics Inc), Restricted Stock Agreement (Remote Dynamics Inc)

Retention of Certificates. All original certificates evidencing shares of Restricted Stock shall be held by the Company for the benefit of the Executive Employee until the transfer of such shares are no longer subject to the restrictions set out in the Plan and this Agreement.

Appears in 1 contract

Sources: Restricted Stock Agreement (Ico Inc)