Common use of Delivery of Shares of Common Stock Clause in Contracts

Delivery of Shares of Common Stock. (a) Subject to Paragraphs 4 and 9 of this Agreement, as soon as practicable after each of the Conversion Date and the Determination Date, all shares of Common Stock, if any, to be issued to you as of any such date, shall be issued either (through book-entry form) by a credit to an account maintained on your behalf or a certificate representing the Common Stock free of any restrictive legend other than as may be required by applicable state or federal securities law, with such Common Stock to be either (i) so delivered to you promptly or (ii) if you have made or are deemed to have made the election under Paragraph 4 above, contributed to the Restricted Stock Trust, in which case such shares shall be maintained in the Restricted Stock Trust and delivery shall be deferred in accordance with the election set forth on Schedule A attached hereto, or if either (1) no such election is made or (2) your employment with the Company is terminated prior to Retirement for any reason (including death), delivery shall be made on the first business day of the calendar year following your termination of employment or as otherwise provided in the Trust Agreement.

Appears in 3 contracts

Samples: Restricted Stock Performance Award Agreement (Wyeth), Restricted Stock Performance Award Agreement (American Home Products Corp), Restricted Stock Performance Award Agreement (American Home Products Corp)

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Delivery of Shares of Common Stock. (a) Subject to Paragraphs 4 and 9 of this Agreement, as soon as practicable after each of the Restricted Period (or six months after the Conversion Date and the Determination Date, with respect to a Bonus Award) all shares of Common Stock, if any, to be issued to you as of any such date, Restricted Stock granted hereunder shall be issued cancelled and in replacement thereof you shall receive either (through book-entry form) by a credit to an account maintained on your behalf or a certificate representing the Common Stock free of any restrictive legend other than as may be required by applicable state or federal securities law, with such Common Stock to be either (i) so delivered to you promptly or (ii) if you have made or are deemed to have made the election under Paragraph 4 above, contributed to the Restricted Stock Trust, in which case such shares shall be maintained in the Restricted Stock Trust and delivery shall be deferred until after your Retirement in accordance with the election set forth on Schedule A attached hereto, or if either (1) no such election is made or (2) your employment with the Company is terminated prior to Retirement for any reason (including death), delivery shall be made on the first business day of the calendar year following your termination of employment or as otherwise provided in the Trust Agreement.

Appears in 2 contracts

Samples: Restricted Stock Trust Agreement (American Home Products Corp), Restricted Stock Performance Award Agreement (American Home Products Corp)

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Delivery of Shares of Common Stock. (a) Subject to Paragraphs 4 and 9 of this Agreement, as soon as practicable after each of the Conversion Date and the Determination DateRestricted Period, all shares of Common Stock, if any, to be issued to you as of Restricted Stock (and any such date, Bonus Award) granted hereunder shall be issued canceled and in replacement thereof you shall receive either (through book-entry form) by a credit to an account maintained on your behalf or a stock certificate representing the Common Stock free of any restrictive legend other than as may be required by applicable state or federal securities law, with such Common Stock to be either (i) so delivered to you promptly or (ii) if you have made or are deemed to have made the election under Paragraph 4 above, contributed to the Restricted Stock Trust, in which case such shares shall be maintained in the Restricted Stock Trust and delivery shall be deferred until after your Retirement in accordance with the election set forth on Schedule A attached hereto, or if either (1) no such election is made or (2) your employment with the Company is terminated prior to Retirement for any reason (including death), delivery shall be made on the first business day of the calendar year following your termination of employment or as otherwise provided in the Trust Agreement.

Appears in 1 contract

Samples: Restricted Stock Trust Agreement (American Home Products Corp)

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