Common use of Delivery of Common Stock or Sale of Common Stock Clause in Contracts

Delivery of Common Stock or Sale of Common Stock. Except as otherwise provided above and notwithstanding anything in the Plan to the contrary, in accordance with instructions provided by the Grantee, shares of Common Stock, to the extent relating to a vested Converted Award, shall be transferred to the brokerage account of the Grantee and/or sold by the Company on behalf of and for the account of the Grantee upon delivery. The Grantee should provide instructions to the Company during the designated period(s) prior to the date of vesting instructing the Company to transfer the shares to the brokerage account of the Grantee and/or to sell such shares on behalf of and for the account of the Grantee. If the Grantee fails to provide any such instructions to the Company during the designated period(s), the shares shall automatically be sold on behalf of and for the account of the Grantee.

Appears in 8 contracts

Samples: 2013 Converted Award Agreement (ING U.S., Inc.), 2013 Converted Award Agreement (ING U.S., Inc.), 2013 Converted Award Agreement (ING U.S., Inc.)

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