Common use of Certificates for Shares Clause in Contracts

Certificates for Shares. Certificates evidencing Restricted Stock shall be deposited with the Company to be held in escrow until such Shares are released to the Participant or forfeited in accordance with this Agreement. The Participant shall, simultaneously with the delivery of this Agreement, deliver to the Company a stock power, in blank, executed by the Participant. If any Restricted Stock is forfeited, the Company shall direct the transfer agent of the Common Stock to make the appropriate entries in its records showing the cancellation of the certificate or certificates for such Restricted Stock and to return the Shares represented thereby to the Company's treasury.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Petmed Express Inc), Restricted Stock Agreement (Petmed Express Inc), Restricted Stock Agreement (Petmed Express Inc)

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Certificates for Shares. Certificates evidencing Restricted Stock shall be deposited with the Company to be held in escrow until such Shares are released to the Participant or forfeited in accordance with this Agreement. The Participant shall, simultaneously with the delivery of this Agreement, deliver to the Company a stock power, in blank, executed by the Participant. If any Restricted Performance Stock is forfeited, the Company shall direct the transfer agent of the Common Stock to make the appropriate entries in its records showing the cancellation of the certificate or certificates for such Restricted Performance Stock and to return the Shares represented thereby to the Company's treasury.

Appears in 2 contracts

Samples: Restricted Performance Stock Agreement (Petmed Express Inc), Restricted Performance Stock Agreement (Petmed Express Inc)

Certificates for Shares. Certificates evidencing Restricted Stock Shares shall be deposited with the Company to be held in escrow until such Shares are released to the Participant or forfeited in accordance with this Agreement. The Participant shall, simultaneously with the delivery of this Agreement, deliver to the Company a stock power, in blank, executed by the Participant. If any Restricted Stock is Shares are forfeited, the Company shall direct the transfer agent of the Common Stock to make the appropriate entries in its records showing the cancellation of the certificate or certificates for such Restricted Stock Shares and to return the Shares represented thereby to the Company's ’s treasury.

Appears in 2 contracts

Samples: Restricted Stock Agreement (J2 Global, Inc.), Restricted Stock Agreement (J2 Global Communications Inc)

Certificates for Shares. Certificates evidencing Restricted Stock Shares shall be deposited with the Company to be held in escrow until such Released Shares are released to the Participant or forfeited in accordance with this Agreement. The Participant shall, simultaneously with the delivery of this Agreement, deliver to the Company a stock power, in blank, executed by the Participant. If any Restricted Stock is Shares are forfeited, the Company shall direct the transfer agent of the Common Stock to make the appropriate entries in its records showing the cancellation of the certificate or certificates for such Restricted Stock Shares and to return the Shares represented thereby to the Company's treasury.

Appears in 1 contract

Samples: Restricted Stock Agreement (SmartPros Ltd.)

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Certificates for Shares. Certificates evidencing Restricted Stock Shares shall be deposited with the Company or its designee to be held in escrow until such Shares are released to the Participant or forfeited in accordance with this Agreement. The Participant shall, simultaneously with the delivery of this Agreement, deliver to the Company a stock power, in blank, executed by the Participant. If any Restricted Stock is Shares are forfeited, the Company shall direct the transfer agent of the Common Stock to make the appropriate entries in its records showing the cancellation of the certificate or certificates for such Restricted Stock Shares and to return the Shares represented thereby to the Company's treasury.

Appears in 1 contract

Samples: Restricted Stock Agreement (Fedex Corp)

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