Book Entry and Certificates Sample Clauses
Book Entry and Certificates. Recipient shall have no rights of a shareholder of the Company with respect to any Shares to be issued pursuant to a Restricted Stock Unit until such Shares are deposited in the account of Recipient pursuant to Section 5 hereof.
Book Entry and Certificates. The Company shall instruct its transfer agent to record an entry in the Company’s shareholder records for the Restricted Shares in the Recipient’s name, pursuant to which Recipient shall have all of the rights of a shareholder of the Company with respect to the Restricted Shares, including, without limitation, voting rights and the right to receive dividends (provided, however, that dividends paid in shares of the Company’s stock (“Stock Dividends”) shall be subject to the Forfeiture Restrictions). Recipient may not sell, transfer, pledge, exchange, hypothecate or otherwise dispose of the Restricted Shares unless and until the Forfeiture Restrictions have lapsed and a breach of the terms of this Agreement shall cause a forfeiture of the Restricted Shares. As soon as practicable following the lapse of the Forfeiture Restrictions as to any portion of the Restricted Shares and any Stock Dividends thereon, the Company shall cause the restrictions to be lifted as to such shares and deposit such shares via electronic share transfer (DWAC) in an account in the name of Recipient at a broker of the Company’s choosing and shall notify Recipient of such action.