Conditions of Issuance. The Grantee hereby (i) appoints the Company as the Grantee’s attorney-in-fact to take such actions as may be necessary or appropriate to effectuate a transfer of the record ownership of any Performance Shares that are granted or forfeited hereunder, (ii) agrees to deliver to the Company, as a precondition to the issuance of any certificate or certificates with respect to any Performance Shares granted hereunder, one or more stock powers, endorsed in blank, with respect to such Performance Shares, and (iii) agrees to sign such other powers and take such other actions as the Company may reasonably request to accomplish the transfer to the Company of any unvested Performance Shares that are forfeited hereunder.
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Samples: Compensation Plan Performance Share Agreement (Bankrate, Inc.), Compensation Plan Performance Share Agreement (Bankrate, Inc.)
Conditions of Issuance. The Grantee hereby (i) appoints the Company as the Grantee’s attorney-in-fact to take such actions as may be necessary or appropriate to effectuate a transfer of the record ownership of any Performance Restricted Shares that are granted or forfeited hereunder, (ii) agrees to deliver to the Company, as a precondition to the issuance of any certificate or certificates with respect to any Performance 2 Restricted Shares granted hereunder, one or more stock powers, endorsed in blank, with respect to such Performance Restricted Shares, and (iii) agrees to sign such other powers and take such other actions as the Company may reasonably request to accomplish the transfer to the Company of any unvested Performance Restricted Shares that are forfeited hereunder.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Bankrate, Inc.), Restricted Stock Agreement (Bankrate, Inc.)
Conditions of Issuance. The Grantee hereby (i) appoints the Company as the Grantee’s attorney-in-fact to take such actions as may be necessary or appropriate to effectuate a transfer of the record ownership of any Performance Restricted Shares that are granted or forfeited hereunder, (ii) agrees to deliver to the Company, as a precondition to the issuance of any certificate or certificates with respect to any Performance Restricted Shares granted hereunder, one or more stock powers, endorsed in blank, with respect to such Performance Restricted Shares, and (iii) agrees to sign such other powers and take such other actions as the Company may reasonably request to accomplish the transfer to the Company of any unvested Performance Restricted Shares that are forfeited hereunder.
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