Restricted Stock shall be represented by a stock certificate registered in the name of the Participant granted such Restricted Stock. The ARNO brand name represents constant innovation, consistent quality, long life spans and reasonable pricing in high-speed and high-feed machining. The Reduced Amount which may be zero shall be an amount expressed in present value which maximizes the aggregate present value of payments and distributions under this Plan which can be made without causing any such payment to be subject to the excise tax under Section of the Code. In the event any provision of this Plan shall be held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included.
Trust Hemly Tool for your ARNO metalworking needs
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