Stock Certificates. The Company may require that any stock certificates issued in respect of shares of Restricted Stock, as well as dividends or distributions paid on such Restricted Stock, shall be deposited in escrow by the Participant, together with a stock power endorsed in blank, with the Company (or its designee). At the expiration of the applicable restriction periods, the Company (or such designee) shall deliver the certificates no longer subject to such restrictions to the Participant or if the Participant has died, to Participants Designated Beneficiary. Designated Beneficiary means # the beneficiary designated, in a manner determined by the Board, by a Participant to receive amounts due or exercise rights of the Participant in the event of the Participants death or # in the absence of an effective designation by a Participant, Designated Beneficiary the Participants estate.
Stock Certificates. The Company may require that any stock certificates issued in respect of shares of Restricted Stock, as well as dividends or distributions paid on such Restricted Stock, shall be deposited in escrow by the Participant, together with a stock power endorsed in blank, with the Company (or its designee). At the expiration of the applicable restriction periods, the Company (or such designee) shall deliver the certificates no longer subject to such restrictions to the Participant or if the Participant has died, to Participantshis or her Designated Beneficiary. Designated Beneficiary“Designated Beneficiary” means # the beneficiary designated, in a manner determined by the Board, by a Participant to receive amounts due or exercise rights of the Participant in the event of the ParticipantParticipant’s death or # in the absence of an effective designation by a Participant, Designated Beneficiary the ParticipantParticipant’s estate.
Stock Certificates. The Company may require that any stock certificates issued in respect of shares of Restricted Stock, as well as dividends or distributions paid on such Restricted Stock,Stock shall be deposited in escrow by the Participant, together with a stock power endorsed in blank, with the Company (or its designee). At the expiration of the applicable restriction periods, the Company (or such designee) shall deliver the certificates no longer subject to such restrictions to the Participant or if the Participant has died, to Participants Designated Beneficiary. Designated Beneficiary means # the beneficiary designated, in a manner determined by the Board, by a Participant to receive amounts due or exercise rights of the Participant in the event of the Participants death or # in(the Designated Beneficiary). In the absence of an effective designation by a Participant, Designated Beneficiary shall mean the Participants estate.
Stock Certificates. The CompanyAdministrator may require thatthe participant to deposit in escrow any stock certificates issuedthe Company issues in respect of shares of Restricted Stock, as well as dividends or distributions paid on such Restricted Stock, shall be deposited in escrow by the Participant, together with a stock power endorsed in blank, with the Company (or its designee). At the expiration of the applicable restriction periods, the Company (or such designee) shallwill deliver the certificates no longer subject to such restrictions to the Participantparticipant or if the Participantparticipant has died, to Participants Designated Beneficiary. Designated Beneficiary means # the beneficiary designated,the participant has designated in a manner determined byacceptable to the Board, by a ParticipantCompany to receive amounts due or exercise rights of the Participant inparticipant if the event of the Participants deathparticipant dies before receipt or # inexercise (the “Designated Beneficiary”). In the absence of an effective designation by a Participant, Designated Beneficiaryparticipant, “Designated Beneficiary” will mean the Participantperson or persons entitled to such certificates or amounts pursuant to the participant’s estate.will or, as applicable, as determined pursuant to the laws of descent and distribution.
Terms and Conditions. The Board shall determine the terms and conditions of any such Restricted Stock Certificates. The Company may require that anyAward. Any stock certificates issued in respect of shares ofa Restricted Stock, as well as dividends or distributions paid on such Restricted Stock,Stock Award shall be depositedregistered in escrowthe name of the Participant and, unless otherwise determined by the Board, deposited by the Participant, together with a stock power endorsed in blank, with the Company[[Organization A:Organization]] (or its designee). AtAfter the expiration of the applicable restriction periods, the Company[[Organization A:Organization]] (or such designee) shall deliver the certificates no longer subject to such restrictions to the Participant oror, if the Participant has died, to Participants Designated Beneficiary. Designated Beneficiary means # the beneficiary designated,designated by a Participant, in a manner determined by the Board, by a Participant to receive amounts due or exercise rights of the Participant in the event of the Participants death or # in(the Designated Beneficiary). In the absence of an effective designation by a Participant, Designated BeneficiaryDesignated Beneficiary shall mean the Participants estate.
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