Issuance of Unrestricted Shares. Upon the vesting of any Shares of Restricted Stock, all restrictions on the transferability of such Shares of Restricted Stock will lapse, and the Company will, subject to the satisfaction of any conditions contained in the Plan and any payment required under Section 7, issue to the Employee a certificate evidencing such Shares that is free of transfer or other restrictions.
Appears in 5 contracts
Samples: Restricted Stock Agreement (Computer Network Technology Corp), Computer Network Technology Corp, Computer Network Technology Corp