Common use of Vested Shares Clause in Contracts

Vested Shares. Certificates representing awarded Performance Shares (without the legend described in Section 4) which have vested pursuant to Sections 3 shall be delivered to the affected Grantee within ten (10) business days after the Vesting Date with respect to such shares. At such time, the stock powers described in Section 4 will be destroyed, and the Grantee shall enjoy full shareholder and ownership rights with respect to such shares.

Appears in 4 contracts

Samples: Agreement (Georgia Pacific Corp), Agreement (Georgia Pacific Corp), Performance Share Grant Agreement (Georgia Pacific Corp)

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