Common use of Evidence of Ownership Clause in Contracts

Evidence of Ownership. The Restricted Shares issued pursuant to this Agreement may or may not be represented by stock certificates. During the period that the shares are restricted, the Company may appoint one or more agents to serve as custodian for the Restricted Shares and to provide related services, all pursuant to such documentation as may be approved by the Company. Any new, substituted or additional securities or other property described in SECTION 2(d) above shall be retained by the Company or delivered to any such custodian during the period that the shares are restricted. Any cash dividends declared with respect to Restricted Shares will be paid directly to the Participant.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Key Technology Inc), Restricted Stock Agreement (Key Technology Inc), Restricted Stock Agreement (Key Technology Inc)

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Evidence of Ownership. The Restricted Shares issued pursuant to this Agreement may or may not be represented by stock certificates. During the period that the shares are restricted, the Company may appoint one or more agents to serve as custodian for the Restricted Shares and to provide related services, all pursuant to such documentation as may be approved by the Company. Any new, substituted or additional securities or other property described in SECTION 2(d2(c) above shall be retained by the Company or delivered to any such custodian during the period that the shares are restricted. Any cash dividends declared with respect to Restricted Shares will be paid directly to the Participant.

Appears in 1 contract

Samples: Restricted Stock Agreement (Key Technology Inc)

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