Common use of Custody of Share Certificates Clause in Contracts

Custody of Share Certificates. Share certificates representing the number of Shares awarded shall be registered in the Grantee’s name, but the certificates representing the Shares shall be held in the custody of the Company for the Grantee’s account. During such time, the Grantee shall have all of the rights of a shareholder of the Company with respect to the Shares, including the right to vote the Shares. All dividends and distributions (other than stock dividends and distributions) on Shares held in the custody of the Company shall be paid to the Grantee, however, regardless of the fact that the Shares are being held in behalf of the Grantee. Any new, additional, or different shares or securities issued (due to a stock split, stock dividend, or other stock distribution) with respect to the Shares previously awarded under the Plan shall be held by the Company as additional Shares for the Grantee’s account and shall have the same restrictions as the underlying Shares with respect to which such new, additional, or different shares or securities were issued. At such time as restrictions are removed from any portion of the Shares held by the Company for the Grantee, certificates representing such Shares shall be delivered free of all restrictions to the Grantee or to the Grantee’s legal representatives, beneficiaries, or heirs.

Custody of Share Certificates. Share certificates representing the number of Shares awarded shall be registered in the Grantee’s name, but the certificates representing the Shares shall be held in the custody of the Company for the Grantee’s account. During such time, the Grantee shall have all of the rights of a shareholder of the Company with respect to the Shares, including the right to vote the Shares. All dividends and distributions (other than stock dividends and distributions) on Shares shares held in the custody of the Company shall be paid to the Grantee, however, regardless of the fact that the Shares shares are being held in behalf of the Grantee. Any new, additional, or different shares or securities issued (due to a stock split, stock dividend, or other stock distribution) with respect to the Shares previously awarded under the Plan shall be held by the Company as additional Shares for the Grantee’s account and shall have the same restrictions as the underlying Shares with respect to which such new, additional, or different shares or securities were issued. At such time as restrictions are removed from any portion of the Shares held by the Company for the Grantee, certificates representing such Shares shares shall be delivered free of all restrictions to the Grantee or to the Grantee’s legal representatives, beneficiaries, or heirs.

Custody of Share Certificates. Share certificates representing the number of Shares awarded shall be registered in the Grantee’s name, but the certificates representing the Shares shall be held in the custody of the Company for the Grantee’s account. During such time, the Grantee shall have all of the rights of a shareholder of the Company with respect to the Shares, including the right to vote the Shares. All dividends and distributions (other than stock dividends and distributions) on Shares held in the custody of the Company shall be paid to the Grantee, however, regardless of the fact that the Shares are being held in on behalf of the Grantee. Any new, additional, or different shares or securities issued (due to a stock split, stock dividend, or other stock distribution) with respect to the Shares previously awarded under the Plan shall be held by the Company as additional Shares for the Grantee’s account and shall have the same restrictions as the underlying Shares with respect to which such new, additional, or different shares or securities were issued. At such time as restrictions are removed from any portion of the Shares held by the Company for the Grantee, certificates representing such Shares shall be delivered free of all restrictions to the Grantee or to the Grantee’s legal representatives, beneficiaries, beneficiaries or heirs.