Common use of Share Delivery Clause in Contracts

Share Delivery. On or as soon as administratively feasible after the Vesting Date or the date on which the shares of Restricted Stock have become vested due to the occurrence of an event described in Section 4 or 5, the Company will remove (or provide instructions to its transfer agents to remove) the transfer restrictions described herein, and (if any share certificate has been issued) shall deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) any such certificates free of the transfer restrictions described herein. The Company will also cancel any stock power covering such shares.

Appears in 12 contracts

Samples: Restricted Stock Award Agreement (Virginia Electric & Power Co), Restricted Stock Award Agreement (Virginia Electric & Power Co), Restricted Stock Award Agreement (Virginia Electric & Power Co)

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Share Delivery. On or as As soon as administratively feasible after the Vesting Date or the date on which the shares of after Restricted Stock Shares have become vested due to the occurrence of an event described in Section Paragraph 4 or 5, the Company will remove (or provide instructions to its transfer agents to remove) the transfer restrictions described herein, and (if any share certificate has been issued) shall deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) any such certificates free the appropriate number of the transfer restrictions described hereinshares of Company Stock. The Company will also cancel any the stock power covering such shares. If the Participant has not designated a Beneficiary, the Participant’s spouse, if any, and if none the Participant’s estate shall be the Beneficiary.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Dominion Resources Inc /Va/), Restricted Stock Award Agreement (Dominion Resources Inc /Va/), Restricted Stock Award Agreement (Dominion Resources Inc /Va/)

Share Delivery. On or as As soon as administratively feasible after the Vesting Date or the date on which the after shares of Restricted Stock have become vested due to the occurrence of an event described in Section 4 or 5, the Company will remove (or provide instructions to its transfer agents to remove) the transfer restrictions described herein, and (if any share certificate has been issued) shall deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) any such certificates free the appropriate number of the transfer restrictions described hereinshares of Company Stock. The Company will also cancel any the stock power covering such shares. If the Participant has not designated a Beneficiary, the Participant’s spouse, if any, and if none the Participant’s estate shall be the Beneficiary.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Virginia Electric & Power Co), Restricted Stock Award Agreement (Dominion Resources Inc /Va/)

Share Delivery. On or as As soon as administratively feasible after the Vesting Date or the date on which the after shares of Restricted Stock have become vested due to the occurrence of an event described in Section Paragraph 4 or 5, the Company will remove (or provide instructions to its transfer agents to remove) the transfer restrictions described herein, and (if any share certificate has been issued) shall deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) any such certificates free the appropriate number of the transfer restrictions described hereinshares of Company Stock. The Company will also cancel any the stock power covering such shares. If the Participant has not designated a Beneficiary, the Participant’s spouse, if any, and if none the Participant’s estate shall be the Beneficiary.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Dominion Resources Inc /Va/)

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Share Delivery. On or as As soon as administratively feasible after the Vesting Date or the date on which the shares of after Restricted Stock Shares have become vested due to the occurrence of an event described in Section Paragraph 4 or 5, the Company will remove (or provide instructions to its transfer agents to remove) the transfer restrictions described herein, and (if any share certificate has been issued) shall deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) any such certificates free the appropriate number of the transfer restrictions described hereinshares of Company Stock. The Company will also cancel any the stock power covering such shares. If the Participant has not designated a beneficiary, the Participant’s spouse, if any, and if none the Participant’s estate shall be the beneficiary.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Dominion Resources Inc /Va/)

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