Common use of Escrow of Share Certificates Clause in Contracts

Escrow of Share Certificates. Certificates for the Restricted Stock shall be issued in the Employee’s name and shall be held in escrow by the Company until all restrictions lapse or such shares are forfeited as provide herein. A certificate or certificates representing the Restricted Stock as to which restrictions have lapsed shall be delivered to the Employee upon such lapse.

Appears in 15 contracts

Samples: Restricted Stock Agreement (Build-a-Bear Workshop Inc), Build-a-Bear Workshop Inc, Restricted Stock Agreement (Build a Bear Workshop Inc)

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Escrow of Share Certificates. Certificates for the Restricted Stock shall be issued in the EmployeeBoard Member’s name and shall be held in escrow by the Company until all restrictions lapse or such shares are forfeited as provide herein. A certificate or certificates representing the Restricted Stock as to which restrictions have lapsed shall be delivered to the Employee Board Member upon such lapse.

Appears in 2 contracts

Samples: Build-a-Bear Workshop Inc, Build a Bear Workshop Inc

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