CERTIFICATE RETENTION Sample Clauses
POPULAR SAMPLE Copied 4 times
CERTIFICATE RETENTION. Upon issuance, the certificates for all Restricted Shares shall be retained by the Company to be held in accordance with the provisions of this Agreement. Any new, substituted or additional securities or other property described in subsection 2(c) above shall immediately be delivered to the Company to be similarly retained, but only to the extent the Shares are at the time Restricted Shares. Any cash dividends on Restricted Shares (or other securities at the time held in escrow) shall be paid directly to the Participant and shall not be retained by the Company. Restricted Shares, together with any other assets or securities retained by the Company hereunder, shall be (i) surrendered for cancellation upon forfeiture or (ii) released to the Participant following the Vesting Period to the extent the Shares are no longer Restricted Shares.
CERTIFICATE RETENTION. In the event that Holder gives notice of exercise in whole or in part in accordance with the provisions of this Agreement, Holdings shall have the right to demand that the Holder execute and deliver a Stock Power to Holdings and to then issue the certificate and to hold the certificate in Holdings' possession together with the Stock Power so to assure protection of Holdings' Repurchase Right.