Common use of Pledging of Award Shares Clause in Contracts

Pledging of Award Shares. If the Company incurs indebtedness and in connection therewith, at the time the Recipient receives his Award Shares, all other stockholders of the Company have either pledged their shares of Common Stock, or have been asked to pledge their shares of Common Stock for the benefit of certain lenders of the Company, the Recipient, if so requested by the Company, shall pledge any exercised Award Shares on the same terms and conditions as the other stockholders of the Company and shall take such actions as may be required to accomplish the pledge as may be requested by the Company.

Pledging of Award Shares. If the Company incurs indebtedness and in connection therewith, at the time the Recipient receives his Award Shares, all other stockholders of the Company have either pledged their shares of Common StockK Shares, or have been asked to pledge their shares of Common Stock K Shares for the benefit of certain lenders of the Company, the Recipient, if so requested by the Company, shall pledge any exercised Award Shares on the same terms and conditions as the other stockholders of the Company and shall take such actions as may be required to accomplish the pledge as may be requested by the Company.

Pledging of Award Shares. If the Company incurs indebtedness and in connection therewith, at the time the Recipient receives his Award Shares, all other stockholders of the Company have either pledged their shares of Common Stock, or have been asked to pledge their shares of Common Stock for the benefit of certain lenders of the Company, the Recipient, if so requested by the Company, shall pledge any exercised Award Shares on the same ny-1878591 terms and conditions as the other stockholders of the Company and shall take such actions as may be required to accomplish the pledge as may be requested by the Company.