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Harman International Industries (HAR)
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HAR » Topics » Retention of Common Stock by the Company

This excerpt taken from the HAR 10-Q filed Feb 6, 2009.
Retention of Common Stock by the Company.  At such time as the Restricted Share Units become payable as specified in this Agreement, the Company shall direct the transfer agent to forward all such payable shares of Common Stock to the Grantee, except in the event that the Grantee has notified the Company of his or her election to satisfy any tax obligations by surrender of a portion of such shares, the transfer agent will be directed to forward the remaining balance of shares after the amount necessary for such taxes has been deducted.

9.
This excerpt taken from the HAR 10-Q filed Nov 10, 2008.
Retention of Common Stock by the Company.  The shares of Common Stock underlying the Restricted Share Units shall be released to the Grantee by the Company’s transfer agent at the direction of the Company.  At such time as the Restricted Share Units become nonforfeitable as specified in this Agreement, the Company shall direct the transfer agent to forward all such nonforfeitable shares of Common Stock to the Grantee except in the event that the Grantee has notified the Company of his or her election to satisfy any tax obligations by surrender of a portion of such shares, the transfer agent will be directed to forward the remaining balance of shares after the amount necessary for such taxes has been deducted.

9.

EXCERPTS ON THIS PAGE:

10-Q
Feb 6, 2009
10-Q
Nov 10, 2008

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