Common use of Electronic Acceptance Clause in Contracts

Electronic Acceptance. By logging into and accepting this Agreement through Xxxxxxx’s account with the Agent, Grantee (a) understands, represents, acknowledges and agrees to be bound by this Agreement as if Grantee had manually signed this Agreement, (b) agrees that Agent or its designee shall obtain and retain custody of the shares of Stock issuable upon settlement of vested Restricted Stock Units until such time as all withholding obligations have been satisfied, (c) elects to conduct a Sell to Cover to satisfy the Withholding Obligation in accordance with Section 7(b) of the Agreement, (d) represents and warrants that (i) Grantee has carefully reviewed Section 7(b) of this Agreement, (ii) Grantee is not subject to any legal, regulatory or contractual restriction that would prevent the Agent from conducting sales and does not have, and will not attempt to exercise, authority, influence or control over any sales of Stock effected by the Agent, (iii) as of the date Grantee accepts this Agreement, Grantee is not aware or in possession of any material, nonpublic information with respect to the Company or its affiliates or any of their respective securities and (iv) Grantee’s election to conduct Sell to Cover to satisfy the Withholding Obligation is being adopted in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1 under the Exchange Act. In the event that Grantee does not accept this Agreement through the Agent’s online grant acceptance system within 90 days of the Grant Date, the Company shall have the option, but not the obligation, to cancel and revoke the Award represented by this Agreement, and the Award shall be forfeited by Grantee without any further consideration.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Civitas Resources, Inc.), Restricted Stock Unit Agreement (Civitas Resources, Inc.)

AutoNDA by SimpleDocs

Electronic Acceptance. By logging into and accepting this Agreement through Xxxxxxx’s account with the Agent, Grantee (a) understands, represents, acknowledges and agrees to be bound by this Agreement as if Grantee had manually signed this Agreement, (b) agrees that Agent or its designee shall obtain and retain custody of the shares of Stock issuable upon settlement of vested Restricted Performance Stock Units until such time as all withholding obligations have been satisfied, (c) elects to conduct a Sell to Cover to satisfy the Withholding Obligation in accordance with Section 7(b) of the Agreement, (d) represents and warrants that (i) Grantee has carefully reviewed Section 7(b) of this Agreement, (ii) Grantee is not subject to any legal, regulatory or contractual restriction that would prevent the Agent from conducting sales and does not have, and will not attempt to exercise, authority, influence or control over any sales of Stock effected by the Agent, (iii) as of the date Grantee accepts this Agreement, Grantee is not aware or in possession of any material, nonpublic information with respect to the Company or its affiliates or any of their respective securities and (iv) Grantee’s election to conduct Sell to Cover to satisfy the Withholding Obligation is being adopted in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1 under the Exchange Act. In the event that Grantee does not accept this Agreement through the Agent’s online grant acceptance system within 90 days of the Grant Date, the Company shall have the option, but not the obligation, to cancel and revoke the Award represented by this Agreement, and the Award shall be forfeited by Grantee without any further consideration.. Exhibit A

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Civitas Resources, Inc.), Performance Stock Unit Agreement (Civitas Resources, Inc.)

Electronic Acceptance. By logging into and accepting this Agreement through XxxxxxxGrantee’s account with the AgentSolium Capital account, Grantee (a) understands, represents, acknowledges and agrees to be bound by this Agreement as if Grantee had manually signed this Agreement, (b) agrees that Agent or its designee shall obtain and retain custody of the shares of Stock issuable upon settlement of vested Restricted Stock Units Covered Shares until such time as they have vested and all withholding obligations have been satisfied, (c) elects to conduct a Sell to Cover to satisfy the Withholding Obligation in accordance with Section 7(bparagraph 6(b) of the Agreement, (d) agrees to the amendment of the withholding provisions of all other restricted stock awards held by Grantee in accordance with Section 6(d) above and elects to conduct a Sell to Cover to satisfy the withholding obligations in respect to those other restricted stock awards, and (e) represents and warrants that (i) Grantee has carefully reviewed Section 7(bparagraph 6(b) of this Agreement, (ii) Grantee is not subject to any legal, regulatory or contractual restriction that would prevent the Agent from conducting sales and does not have, and will not attempt to exercise, authority, influence or control over any sales of Stock effected by the Agent, Agent and (iii) as of the date Grantee accepts this Agreement, Grantee is not aware or in possession of any material, nonpublic information with respect to the Company or its affiliates or any of their respective securities and (iv) Grantee’s election to conduct Sell to Cover to satisfy the Withholding Obligation is being adopted in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1 under the Exchange Actsecurities. In the event that Grantee does not accept this Agreement through the Agent’s online grant acceptance Solium Capital Shareworks system within 90 days of the Grant Date, the Company shall have the option, but not the obligation, to cancel and revoke the Award award of Covered Shares represented by this Agreement, Agreement and the Award any such award shall be forfeited by Grantee without any further consideration.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Bonanza Creek Energy, Inc.), Restricted Stock Agreement (Bonanza Creek Energy, Inc.)

AutoNDA by SimpleDocs

Electronic Acceptance. By logging into and accepting this Agreement through XxxxxxxGrantee’s account with the AgentSolium Capital account, Grantee (a) understands, represents, acknowledges and agrees to be bound by this Agreement as if Grantee had manually signed this Agreement, (b) agrees that Agent or its designee shall obtain and retain custody of the shares of Stock issuable upon settlement of vested Restricted earned Performance Stock Units until such time as all withholding obligations have been satisfied, (c) elects to conduct a Sell to Cover to satisfy the Withholding Obligation in accordance with Section 7(bparagraph 6(b) of the Agreement, (d) agrees to the amendment of the withholding provisions of all other performance-based Awards and the associated agreements held by Grantee in accordance with Section 6(d) above and elects to conduct a Sell to Cover to satisfy the withholding obligations in respect to those other performance-based Awards and associated agreements and (e) represents and warrants that (i) Grantee has carefully 6 reviewed Section 7(bparagraph 6(b) of this Agreement, (ii) Grantee is not subject to any legal, regulatory or contractual restriction that would prevent the Agent from conducting sales and does not have, and will not attempt to exercise, authority, influence or control over any sales of Stock effected by the Agent, Agent and (iii) as of the date Grantee accepts this Agreement, Grantee is not aware or in possession of any material, nonpublic information with respect to the Company or its affiliates or any of their respective securities and (iv) Grantee’s election to conduct Sell to Cover to satisfy the Withholding Obligation is being adopted in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1 under the Exchange Actsecurities. In the event that Grantee does not accept this Agreement through the Agent’s online grant acceptance Solium Capital Shareworks system within 90 days of the Grant Date, the Company shall have the option, but not the obligation, to cancel and revoke the Award award of Performance Stock Units represented by this Agreement, Agreement and the Award any such award shall be forfeited by Grantee without any further consideration.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Bonanza Creek Energy, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.