Common use of FORM OF PERFORMANCE UNITS Clause in Contracts

FORM OF PERFORMANCE UNITS. The Performance Units shall not be certificated. On the Conversion Date, the Company shall cause its Transfer Agent to record Grantee’s ownership of the Common Stock of the Company (into which the Performance Units are converted) in unrestricted book entry form or, at the request of the Grantee, issued in stock certificate form. Any such certificates shall be unencumbered by any of the restrictions enumerated herein other than such restrictions as may be imposed by applicable federal or state securities laws and regulations.

Appears in 9 contracts

Samples: Performance Unit Agreement for Executive Employees (Capstead Mortgage Corp), Performance Unit Agreement for Executive Employees (Capstead Mortgage Corp), Performance Unit Agreement (Capstead Mortgage Corp)

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