Common use of Stock; Dividends; Voting Clause in Contracts

Stock; Dividends; Voting. 3.1 Upon delivery to the Company of the executed Stock Powers attached hereto, the Company shall register on the Company books stock certificate(s) evidencing the shares of Restricted Stock in the name of the Grantee. Physical possession or custody of such stock certificate(s) shall be retained by the Company until such time as the shares of Restricted Stock are fully vested in accordance with Section 2. While in its possession, the Company reserves the right to place a legend on the stock certificate(s) restricting the transferability of such certificates and referring to the terms and conditions (including forfeiture) of this Agreement and the Plan. Upon forfeiture of all or a portion of the shares of Restricted Stock, the stock certificate(s) held on behalf of the Grantee for such forfeited Restricted Stock shall be transferred to the Company pursuant to the executed Stock Power described above.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Internet Security Systems Inc/Ga), Restricted Stock Award Agreement (Internet Security Systems Inc/Ga)

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Stock; Dividends; Voting. 3.1 Upon delivery to the Company of the executed Stock Powers attached hereto, the Company shall register on the Company books stock certificate(s) evidencing the shares of Restricted Stock in the name of the Grantee. Physical possession or custody of such stock certificate(s) shall be retained by the Company until such time as the shares of Restricted Stock are fully vested in accordance with Section 2. While in its possession, the Company reserves the right to place a legend on the stock certificate(s) restricting the transferability of such certificates and referring to the terms and conditions (including forfeiture) of this Agreement and the Plan. Upon forfeiture of all or a portion of the shares of Restricted Stock, the stock certificate(s) held on behalf of the Grantee for such forfeited Restricted Stock shall be transferred to the Company pursuant to the executed Stock Power described above.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Vail Banks Inc), Restricted Stock Award Agreement (Vail Banks Inc)

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Stock; Dividends; Voting. 3.1 Upon delivery to the Company of the executed Stock Powers attached hereto, the Company shall register on the Company books stock certificate(s) evidencing the shares of Restricted Stock in the name of the Grantee. Physical possession or custody of such stock certificate(s) shall be retained by the Company until such time as the shares of Restricted Stock are fully vested in accordance with Section 2. While in its possession, the Company reserves the right to place a legend on the stock certificate(s) restricting the transferability of such certificates and referring to the terms and conditions (including forfeiture) of this Agreement and the PlanAgreement. Upon forfeiture of all or a portion of the shares of Restricted Stock, the stock certificate(s) held on behalf of the Grantee for such forfeited Restricted Stock shall be transferred to the Company pursuant to the executed Stock Power described above.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Vail Banks Inc), Restricted Stock Award Agreement (Vail Banks Inc)

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