Possession of Certificates. The Company shall issue a certificate or certificates for the Restricted Shares in your name and shall retain the certificate(s) for the period during which the restrictions described in Section 4(b) are in effect. You shall execute and deliver to the Company a stock power or stock powers in blank for the Restricted Shares. You hereby agree that the Company shall hold the certificate(s) for the Restricted Shares and the related stock power(s) pursuant to the terms of this Award Agreement until such time as the restrictions described in Section 4(b) lapse as described in Section 5 or the Restricted Shares are canceled pursuant to the terms of Section 4(b).
Possession of Certificates. Until the earlier to occur of a Sale of the Company and an IPO, any certificates evidencing Executive Units shall be held by the Company for the benefit of Executive and the other holder(s) of Executive Units, if any. All certificates evidencing Executive Units shall be delivered by Executive to the Company, and, if requested by the Company, together with appropriate irrevocable unit powers undated and duly executed in blank sufficient to transfer title thereto upon the occurrence of a Sale of the Company or otherwise upon a repurchase of such Executive Units hereunder. Upon the occurrence of a Sale of the Company, the Company shall either (i) return to the record holders thereof any certificates representing Vested Units (as defined in Section 2(a) below), duly endorsed in blank or together with appropriate irrevocable unit powers undated and duly executed in blank, or (ii) deliver to the record holders of the Executive Units all proceeds received by the Company from the transfer of the Vested Units in connection with a Sale of the Company. Upon the occurrence of an IPO or an incorporation of the Company pursuant to Article XIV of the LLC Agreement, the Company shall return to the record holders thereof any certificates representing Vested Units, duly endorsed in blank or together with appropriate irrevocable unit powers undated and duly executed in blank.
Possession of Certificates. The Company shall hold the -------------------------- certificates evidencing the Shares as custodian to protect its interests hereunder. In furtherance thereof, Shareholder shall execute and deliver to the Company an assignment in blank in the form of Exhibit A hereto, for the transfer of such certificates. The Company will deliver to Shareholder a receipt for such Shares in the form of Exhibit B hereto.
Possession of Certificates. Upon the consummation of the IPO, the -------------------------- Company shall hold the certificates evidencing the Shares as custodian to protect its interests hereunder, until the Shareholder has the right to Transfer all or a portion of the Shares in accordance with the terms of this Agreement. In furtherance thereof, the Shareholder shall execute and deliver (or shall herewith execute and deliver) to the Company assignments in blank, in the form of Exhibit A, for the Transfer of such certificates. The Company shall deliver to the Shareholder a receipt for such Shares in the form of Exhibit B. Upon the request of the Shareholder, when the Shareholder has the right to Transfer all or a portion of the Shares, the Company shall deliver those certificate(s) representing that portion of the Shares which may be Transferred to the Shareholder. After the consummation of the IPO and the completion of the transactions therein contemplated, this Agreement shall supersede the Custody Agreement dated as of January 15, 1999 executed by the Shareholder and the Company in connection with the IPO in connection with all matters pertaining to the custody of the Shares.
Possession of Certificates. The Company shall, at its option, (i) issue a certificate or certificates for the Restricted Shares in your name and shall retain the certificate(s) for the period during which the restrictions described in Section 4(b) are in effect or (ii) issue instructions to the Company’s agent for the book entry of your ownership of the Restricted Shares in uncertificated form. You shall execute and deliver to the Company a stock power or stock powers or power of attorney or like form in blank for the Restricted Shares. You hereby agree that the Company shall hold the certificate(s) for the Restricted Shares and the related stock power(s) and shall retain control over uncertificated Restricted Shares pursuant to the terms of this Award Agreement until such time as the restrictions described in Section 4(b) lapse as described in Section 5 or the Restricted Shares are canceled pursuant to the terms of Section 4(b).
Possession of Certificates. The Company shall hold the -------------------------- certificates evidencing the Shares as custodian to protect its interests hereunder until the Shareholder has the right to sell the Shares, as set forth in Section 5 above. In furtherance thereof, Shareholder has executed and delivered (or shall herewith execute and deliver) to the Company assignment(s) in blank, in the form of Exhibit A to the Prior Agreement, for the transfer of such certificates. The Company has delivered to Shareholder a receipt for such Shares in the form of Exhibit B to the Prior Agreement. Upon the request of Shareholder, when the Shareholder has the right to sell Shares, the Company shall deliver the Shares which may be sold to the Shareholder, and the Company and the Shareholder shall appropriately modify the assignment(s) in blank and the receipt to reflect the delivery of Shares.
Possession of Certificates. The Company shall hold the certificates evidencing the Shares as custodian to protect its interests hereunder until the Shareholder has the right to sell the Shares, as set forth in Section 5 above. In furtherance thereof, Shareholder shall execute and deliver to the Company assignment(s) in blank, in the form of Exhibit A hereto, for the transfer of such certificates. The Company will deliver to Shareholder a receipt for such Shares in the form of Exhibit B hereto. Upon the request of Shareholder, when the Shareholder has the right to sell Shares, the Company shall deliver the Shares which may be sold to the Shareholder, and the Company and the Shareholder shall appropriately modify the assignment(s) in blank and the receipt to reflect the delivery of Shares.
Possession of Certificates. The company shall issue a certificate for the Restricted Stock in Grantee's name and shall retain that certificate for the period during which the restrictions described in Section 3 are in effect. Grantee shall execute and deliver to the Company a stock power in blank for the Restricted Stock. Grantee hereby agrees that the Company shall hold the certificate for the Restricted Stock and the related stock power pursuant to the terms of this Agreement until such time as the restrictions described in Section 3 lapse and the Restricted Stock becomes vested or the Restricted Stock is canceled pursuant to the terms of Section 3.
Possession of Certificates. The Company shall hold the certificates evidencing the Shares as custodian to protect its interests hereunder until the Shareholder has the right to Transfer all or a portion of the Shares in accordance with the terms of this Agreement. In furtherance thereof, the Shareholder shall execute and deliver to the Company assignments in blank, in the form of Exhibit A hereto, for the Transfer of such certificates. The Company will deliver to Shareholder a receipt for such Shares in the form of Exhibit B hereto. Upon the request of the Shareholder, when the Shareholder has the right to Transfer all or a portion of the Shares, the Company shall deliver those certificate(s) representing that portion of the Shares which may be Transferred to the Shareholder.
Possession of Certificates. Until a Liquidity Event, any certificates evidencing Executive Units (if such Executive Units are certificated) shall be held by the Company for the benefit of Executive and the other holder(s) of Executive Units, if any. Any certificates evidencing Executive Units held by Executive or Executive’s Permitted Transferee shall be delivered by Executive to the Company, together with appropriate irrevocable unit powers undated and duly executed in blank sufficient to transfer title thereto upon the occurrence of a Liquidity Event other than an IPO or otherwise upon a repurchase of such Executive Units hereunder. Upon the occurrence of a Liquidity Event other than an IPO, the Company shall either (i) return to the record holders thereof any certificates representing Vested Units (as defined in Section 2(a) below), together with unit powers previously delivered by Executive, or (ii) deliver to the record holders of the Executive Units all proceeds received by the Company from the transfer of the Vested Units in connection with such Liquidity Event. Upon the occurrence of an IPO, the Company shall return to the record holders thereof any certificates representing Stock, together with unit powers previously delivered by Executive. It is understood and agreed that the Class B Units are currently uncertificated.
