Common use of Grant of Restricted Stock Award Clause in Contracts

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Analysts International Corp), Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc)

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Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above in the Award Summary a restricted stock award (the “Award”) for ( ) the number of shares of Common Stock set forth in the Award Summary on the terms and conditions set forth hereinin the Award Summary and this Agreement, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such sharescertificates, but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above Grant Date a restricted stock award (the “Award”) for ( ) [Insert Number of Shares] [•] shares of Common Stock (the “Shares”) on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 11(b) of the Plan. Shares granted herein may be evidenced in such manner as the Committee may determine. If certificates representing Shares are registered in the name of the Participant, then the Company shall retain physical possession of the certificate until the Shares represented by such certificate have vested in accordance with this Agreement. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on any such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the shares of Common Stock such Shares are forfeited as provided in Section Paragraph 2 below. Until such risks of forfeiture have lapsed or the shares Shares subject to this Award have been forfeited pursuant to Section Paragraph 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates Shares and shall receive all dividends attributable to such sharesShares, but the Participant shall not have any other rights as a shareholder with respect to such sharesShares. Capitalized terms not defined herein shall have the meanings set forth in the Plan.

Appears in 5 contracts

Samples: Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above in the Award Summary a restricted stock award (the “Award”) for ( ) the number of shares of Common Stock set forth in the Award Summary on the terms and conditions set forth hereinin the Award Summary and this Agreement, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates (or, upon request and if permitted in the Administrator’s discretion, an entry to be made in the books of the Company or its designated agent) representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award Restricted Stock Award (the “Award”) for ( ) shares of Common Stock Stock, par value $.10 per share, of the Company (the “Shares”) on the terms and conditions set forth herein, which shares Shares are subject to adjustment pursuant to Section 14 4(c) of the Plan. The Shares shall be issued to the Participant for no cash consideration. The Company shall cause the Shares to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate “book form” with its transfer agent until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to such Shares. In the shares alternative, in the Company’s sole discretion, the Company shall cause to be issued one or more stock certificates representing such Shares in the Participant’s name, and shall hold each such certificate (together with a stock power duly executed in blank by the Participant) represented by the certificate. The Company may also shall place a legend on such certificates describing the risks risk of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock Shares are forfeited as provided in Section 2 below. Until such risks risk of forfeiture have has lapsed or the shares Shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates Shares and shall receive all dividends or other distributions attributable to such sharesShares, but the Participant shall not have any other rights as a shareholder with respect to such sharesShares.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Cantel Medical Corp), Restricted Stock Agreement (Cantel Medical Corp), Restricted Stock Agreement (Cantel Medical Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for _____________________ ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Zomax Inc /Mn/), Restricted Stock Agreement (Analysts International Corp), Restricted Stock Agreement (Analysts International Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) _________________ shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such book entry or stock certificates and shall receive all dividends attributable to such sharescertificates, but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc), Restricted Stock Agreement (Cardiovascular Systems Inc)

Grant of Restricted Stock Award. The The. Company hereby grants to the Participant on the date set forth above a restricted a`-restricted stock award (the “Award”) for ( __________________________ (_______) shares of Common Stock Simi on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the ihe shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 2 contracts

Samples: Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above Grant Date a restricted stock award (the “Award”) for ( ) ______________ shares of Common Stock the Company’s common stock (the “Shares”) on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 4(b) of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock Shares in the Participant’s name, and shall hold each deliver such certificate until such time as to Participant; provided, however, that the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the shares of Common Stock such Shares are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares Shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates Shares and shall receive all dividends attributable to such sharesShares, but the Participant shall not have any other rights as a shareholder with respect to such sharesShares.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Bluestem Brands, Inc.), Agreement (Bluestem Brands, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for _____________________ ( ____ ) shares of Common Stock (the “Stock”) on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 2 contracts

Samples: Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( One Hundred Thousand (100,000) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 4(c) of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Iowa Telecommunications Services Inc), Restricted Stock Agreement (Iowa Telecommunications Services Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ____________( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Nephros Inc), Restricted Stock Agreement (Sajan Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( Sixteen Thousand (16,000) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 of the Plan. The Company shall cause to be issued one or more eight stock certificates certificates, each representing Two Thousand (2,000) such shares of Common Stock Stock, in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Broadview Institute Inc), Restricted Stock Agreement (Broadview Institute Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for _____________________ ( ______ ) shares of Common Stock (the “Stock”) on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as to Participant; provided, however, that the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 2 contracts

Samples: Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) ___ shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section Paragraph 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award Aware have been forfeited pursuant to Section Paragraph 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive received all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cash Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant Executive on the date set forth above a restricted stock award (the “Award”) for ( Fifty Thousand (50,000) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 3(b) of the Planthis Agreement. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the ParticipantExecutive’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant Executive shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends distributions attributable to such sharesshares for which the risks of forfeiture have lapsed, but the Participant Executive shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Health Fitness Corp /MN/)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ____________(________) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Electromed, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above (the “Date of Award”) a restricted stock award (the “Award”) for ( Two Hundred Fifty Thousand (250,000) shares of Common Stock (the “Shares”) on the terms and conditions set forth herein, which shares Shares are subject to adjustment pursuant to Section 14 11.6 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock Shares in the Participant’s name, and shall hold each such certificate until such time as the risk risks of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares Shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock Shares are forfeited as provided in Section 2 below. Until such risks Subject to the terms and conditions of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 belowPlan, the Participant shall be entitled have all the rights of a stockholder with respect to the Shares during the period in which the Shares are subject to risk of forfeiture, including without limitation, the right to vote the such shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Arno Therapeutics, Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ________________ (______) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates (or, upon request and if permitted in the Administrator’s discretion, an entry to be made in the books of the Company or its designated agent) representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ____________ (__________) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Arno Therapeutics, Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( _____________________ (___________) shares of Common Stock (the “Stock”) on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (uBid.com Holdings, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant Participant, on the date set forth above above, a restricted stock award (the “Award”) for ( ) _____________________ shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause an entry to be made in the books of the Company or its designated agent representing such shares of Common Stock in the Participant’s name. Upon request, the Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, name and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend in such book entry or on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such sharesbook entries (or certificates, if applicable), but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Arts Way Manufacturing Co Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( _____________________ (__________) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, name and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Winland Electronics Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ___ ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Makemusic Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for _____________________ ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Voyager Oil & Gas, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award Restricted Stock Award (the “Award”) for ( ) shares of Common Stock Shares on the terms and conditions set forth herein, which shares Shares are subject to adjustment pursuant to Section 14 4(c) of the Plan. Such Shares shall be issued to the Participant for no cash consideration. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock Shares in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares Shares represented by the certificate. The Company may also shall place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock Shares are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares Shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares Shares represented by such stock certificates and shall receive all dividends attributable to such sharesShares, but the Participant shall not have any other rights as a shareholder with respect to such sharesShares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cantel Medical Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for _____________________ ( ) shares of Common Stock (the “Shares”) on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Analysts International Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends distributions attributable to such sharesshares for which the risks of forfeiture have lapsed, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Kips Bay Medical, Inc.)

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Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above in the Award Summary a restricted stock award (the “Award”) for ( ) the number of shares of Common Stock set forth in the Award Summary on the terms and conditions set forth hereinin the Award Summary and this Agreement, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates (or, upon request and if permitted in the Administrator’s discretion, an entry to be made in the books of the Company or its designated agent) representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.. Exhibit 10.49

Appears in 1 contract

Samples: Restricted Stock Agreement (Cardiovascular Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) ___shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section Paragraph 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award Aware have been forfeited pursuant to Section Paragraph 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive received all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cash Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( (___) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section Paragraph 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section Paragraph 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive received all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cash Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the "Award") for ( ______________________________________________ (________________) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 11 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s 's name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Ciprico Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the "Award") for ____________( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s 's name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Nuvel Holdings, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ________ (_________) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares. [The Plan permits the Administrator to issue shares in book entry form. Because the default in this Agreement is certificate form, it should be revised if shares are issued in book entry form in a particular instance.]

Appears in 1 contract

Samples: Restricted Stock Agreement (Arts Way Manufacturing Co Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 9 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section Paragraph 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section Paragraph 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends distributions attributable to such sharesshares for which the risks of forfeiture have lapsed, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Health Fitness Corp /MN/)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 15 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, name and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Winland Electronics Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant Grantee on the date set forth above a restricted stock award (the "Award") for ( 4,223 shares (the "Shares") shares of Common Series OH-1 Convertible Preferred Stock ("OH-1 Stock") of the Company on the terms and conditions set forth hereinherein and with the powers, which shares are subject to adjustment pursuant to Section 14 preferences, limitations and relative rights set forth in the Certificate of Designation of the PlanOH-1 Stock. The Company shall make, or cause to be issued one made, a book entry for such Shares of OH-1 in Grantee's name. The Company will have no obligation to deliver any stock certificate to Grantee representing the Shares or more stock certificates representing such the shares of Company common stock ("Common Stock in the Participant’s name, and shall hold each Stock") into which such certificate Shares convert until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the Shares (or shares represented by of Common Stock upon conversion of the certificateShares). The Company may also place a legend on such any certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Grantee, if applicable, and cancellation of such certificates if the shares of Shares (or Common Stock into which the Shares convert) are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares Shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant Grantee shall be entitled to vote the Shares (or shares represented by such stock certificates of Common Stock upon conversion of the Shares) and shall receive all dividends attributable to such sharesShares (or shares of Common Stock upon conversion of the Shares), but the Participant Grantee shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Nuvel Holdings, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ____________________________________________________ (__________) shares of Common Stock on the terms and conditions set forth herein, which shares are herein and subject to adjustment pursuant to Section 14 4.3 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, name and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (August Technology Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Christopher & Banks Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( __________________ (_________________) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends distributions attributable to such sharesshares for which the risks of forfeiture have lapsed, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Talon Therapeutics, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Waters Instruments Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on effective as of the date set forth above a restricted stock award (the this “Award”) under the Plan for ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are subject to adjustment pursuant to Section 14 of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall may deliver such stock certificate to Participant or may hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the return from Participant, if applicable, and cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares of Common Stock represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder stockholder with respect to such shares. Notwithstanding any of the foregoing, at the Administrator’s discretion, shares of Common Stock subject to this Award may be represented by book-entry notations in lieu of stock certificates.

Appears in 1 contract

Samples: Restricted Stock Agreement (Kips Bay Medical, Inc.)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( ) ____________ shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section Paragraph 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award Aware have been forfeited pursuant to Section Paragraph 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive received all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cash Systems Inc)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the "Award") for ( _____________________ (__________ ) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 13 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s 's name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Scanner Technologies Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for ( two hundred fifty thousand (250,000) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 12 of the Plan. The Company shall cause to be issued one or more a stock certificates certificate representing such shares of Common Stock in the Participant’s name, and shall hold each deliver such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by Participant; provided, however, that the certificate. The Company may also shall place a legend on such certificates certificate describing the risks of forfeiture and other transfer restrictions set forth in this Agreement and providing for the cancellation and return of such certificates certificate if the such shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Analysts International Corp)

Grant of Restricted Stock Award. The Company hereby grants to the Participant on the date set forth above a restricted stock award (the “Award”) for _________ ( ) shares of Common Stock on the terms and conditions set forth herein, which shares are and subject to adjustment pursuant to Section 14 4(c) of the Plan. The Company shall cause to be issued one or more stock certificates representing such shares of Common Stock in the Participant’s name, and shall hold each such certificate until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to the shares represented by the certificate. The Company may also place a legend on such certificates describing the risks of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the shares of Common Stock are forfeited as provided in Section 2 below. Until such risks of forfeiture have lapsed or the shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant shall be entitled to vote the shares represented by such stock certificates and shall receive all dividends attributable to such shares, but the Participant shall not have any other rights as a shareholder with respect to such shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Iowa Telecommunications Services Inc)

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