Terms and Conditions. The Board shall determine the terms and conditions of any such Restricted Stock Award. Any stock certificates issued in respect of a Restricted Stock Award shall be registered in the name of the Participant and, unless otherwise determined by the Board, deposited by the Participant, together with a stock power endorsed in blank, with (or its designee). After the expiration of the applicable restriction periods, (or such designee) shall deliver the certificates no longer subject to such restrictions to the Participant or, if the Participant has died, to the beneficiary designated by a Participant, in a manner determined by the Board, to receive amounts due or exercise rights of the Participant in the event of the Participants death (the Designated Beneficiary). In the absence of an effective designation by a Participant, Designated Beneficiary shall mean the Participants estate.
Terms and Conditions.Stock Certificates. The Board shall determine the terms and conditions ofCompany may require that any such Restricted Stock Award. Any stock certificates issued in respect of ashares of Restricted Stock Award shall be registereddeposited in the name of the Participant and, unless otherwise determined by the Board, depositedescrow by the Participant, together with a stock power endorsed in blank, with [[Organization A:Organization]]the Company (or its designee). AfterAt the expiration of the applicable restriction periods, [[Organization A:Organization]]the Company (or such designee) shall deliver the certificates no longer subject to such restrictions to the Participant or,or if the Participant has died, to the beneficiary designated by a Participant,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 (the Designated Beneficiary). In the absence of an effective designation by a Participant, Designated BeneficiaryDesignated Beneficiary shall mean the Participants estate.
Terms and Conditions.Stock Certificates. The Board shall determine the terms and conditions ofCompany may require that any such Restricted Stock Award. Any stock certificates issued in respect of ashares of Restricted Stock AwardStock, as well as dividends or distributions paid on such Restricted Stock, shall be registereddeposited in the name of the Participant and, unless otherwise determined by the Board, depositedescrow by the Participant, together with a stock power endorsed in blank, with the Company (or its designee). AfterAt 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,or if the Participant has died, to his or her Designated Beneficiary. “Designated Beneficiary” means # the beneficiary designated by a Participant,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 (the Designated Beneficiary). Inor # in the absence of an effective designation by a Participant, Designated Beneficiary shall mean the ParticipantParticipant’s estate.
Terms and Conditions.Stock Certificates. The Board shall determine the terms and conditions ofCompany may require that any such Restricted Stock Award. Any stock certificates issued in respect of ashares of Restricted Stock AwardStock, as well as dividends or distributions paid on such Restricted Stock, shall be registereddeposited in the name of the Participant and, unless otherwise determined by the Board, depositedescrow by the Participant, together with a stock power endorsed in blank, with the Company (or its designee). AfterAt 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,or if the Participant has died, to Participants Designated Beneficiary. Designated Beneficiary means # the beneficiary designated by a Participant,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 (the Designated Beneficiary). Inor # in the absence of an effective designation by a Participant, Designated Beneficiary shall meanDesignated Beneficiary the Participants estate.
Terms and Conditions. The Board shall determineAdministrator may require the terms and conditions ofparticipant to deposit in escrow any such Restricted Stock Award. Any stock certificates issuedthe Company issues in respect of ashares of Restricted Stock Award shall be registered in the name of the Participant and, unless otherwise determined by the Board, deposited by the Participant,Stock, together with a stock power endorsed in blank, with [[Organization A:Organization]]the Company (or its designee). AfterAt the expiration of the applicable restriction periods, [[Organization A:Organization]]the Company (or such designee) shallwill deliver the certificates no longer subject to such restrictions to the Participant or,participant or if the Participantparticipant has died, to the beneficiary the participant has designated by a Participant, in a manner determined byacceptable to the Board,Company to receive amounts due or exercise rights of the Participant inparticipant if the event of the Participants deathparticipant dies before receipt or exercise (the Designated Beneficiary“Designated Beneficiary”). In the absence of an effective designation by a Participant, Designated Beneficiary shallparticipant, “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.
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