Common use of Grant of Restricted Stock Award Clause in Contracts

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 28 contracts

Samples: Restricted Stock Award (FFBW, Inc.), Restricted Stock Award (Coastway Bancorp, Inc.), Restricted Stock Award Agreement (First Savings Financial Group Inc)

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Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 23 contracts

Samples: Restricted Stock Award Agreement (Eagle Financial Bancorp, Inc.), Restricted Stock Award (Hamilton Bancorp, Inc.), Restricted Stock Award Agreement (Community Savings Bancorp, Inc.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered encumbered, hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 7 contracts

Samples: Restricted Stock Award (Pathfinder Bancorp, Inc.), Restricted Stock Award (Blue Hills Bancorp, Inc.), Restricted Stock Award (Ben Franklin Financial, Inc.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either (i) registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or (ii) registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Wolverine Bancorp, Inc.), Restricted Stock Agreement (Wolverine Bancorp, Inc.), Restricted Stock (Poage Bankshares, Inc.)

Grant of Restricted Stock Award. The shares of Stock subject to the Restricted Stock Award may be held in trust until distributed. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered (i) held in the name of the Participant and held by the Companytrust until distributed, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or (ii) registered in the name of, and delivered to, the Participant. Notwithstanding , which certificate will bear a legend restricting the foregoingtransferability of the Restricted Stock, or (iii) the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 5 contracts

Samples: Restricted Stock Award (Berkshire Hills Bancorp Inc), Equity Incentive Plan (Berkshire Hills Bancorp Inc), Equity Incentive Plan (Berkshire Hills Bancorp Inc)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Awards of Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except transferable prior to the time that such Awards vest in accordance with the terms of the Plan and this AgreementParticipant.

Appears in 4 contracts

Samples: Restricted Stock Award (AJS Bancorp, Inc.), Restricted Stock Award (AJS Bancorp, Inc.), Restricted Stock Award (Equitable Financial Corp.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend in accordance with Section 2.3(a) of the Plan restricting the transferability of the Restricted StockStock at all times prior to the applicable vesting date. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 4 contracts

Samples: Restricted Stock Award (CBM Bancorp, Inc.), Restricted Stock Award Agreement (CBM Bancorp, Inc.), Restricted Stock Award (CBM Bancorp, Inc.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either (i) registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, Company pending the vesting or forfeiture of the Restricted Stock, or (ii) registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 4 contracts

Samples: Restricted Stock Award (Colonial Financial Services, Inc.), Restricted Stock Award Agreement (OBA Financial Services, Inc.), Restricted Stock Award (Colonial Financial Services, Inc.)

Grant of Restricted Stock Award. The Restricted Stock Award will be settled in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (MainStreet Bancshares, Inc.), Restricted Stock Award Agreement (MainStreet Bancshares, Inc.), Restricted Stock Award Agreement (MainStreet Bancshares, Inc.)

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Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered encumbered, hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 3 contracts

Samples: Restricted Stock (HV Bancorp, Inc.), Restricted Stock Award (HV Bancorp, Inc.), Restricted Stock (Northwest Bancshares, Inc.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be be, in the Company’s sole discretion, either (i) registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, Company pending the vesting or forfeiture of the Restricted Stock, or (ii) registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock or (iii) issued in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 2 contracts

Samples: Restricted Stock (Standard Financial Corp.), Equity Incentive Plan (Standard Financial Corp.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, to the Participant. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered encumbered, hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Metropolitan Bank Holding Corp.)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant Holder and held by the Company, together with a stock power executed by the Participant Holder in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the ParticipantHolder. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant Holder will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 1 contract

Samples: Restricted Stock Inducement Award Agreement (1895 Bancorp of Wisconsin, Inc. /MD/)

Grant of Restricted Stock Award. The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Eureka Homestead Bancorp, Inc.)

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