Common use of Certificates for the Restricted Shares Clause in Contracts

Certificates for the Restricted Shares. The Restricted Shares shall be held in escrow in a restricted book entry account with the Company’s transfer agent in the name of the Participant. Upon vesting of the Restricted Shares, the Restricted Shares shall be released into an unrestricted book entry account with the Company’s transfer agent; provided, however, that a portion of such Restricted Shares shall be surrendered in payment of required withholding taxes in accordance with Section 10 below, unless the Company, in its sole discretion, establishes alternative procedures for the payment of required withholding taxes.

Appears in 8 contracts

Samples: Executive Officer Restricted Stock Award Agreement (Jackson Hewitt Tax Service Inc), Special Incentive Program Restricted Stock Award Agreement (Jackson Hewitt Tax Service Inc), Special Incentive Program Restricted Stock Award Agreement (Jackson Hewitt Tax Service Inc)

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