Issuance of Certificates Clause Example with 4 Variations from Business Contracts
This page contains Issuance of Certificates clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Issuance of Certificates. (a) Stock certificates representing the Restricted Stock may be issued by the Company and held in escrow by the Company until the Restricted Stock vests, or the Company may hold non-certificated shares until the Restricted Stock vests. During the Restriction Period, the Grantee shall receive any cash dividends with respect to the shares of Restricted Stock, may vote the shares of Restricted Stock and may participate in any distribution pursuant to a plan of dissolution or complete liquidation of... the Company. In the event of a dividend or distribution payable in stock or other property or a reclassification, split up or similar event during the Restriction Period, the shares or other property issued or declared with respect to the non-vested shares of Restricted Stock shall be subject to the same terms and conditions relating to vesting as the shares to which they relate. (b) When the Grantee obtains a vested right to shares of Restricted Stock, a certificate representing the vested shares shall be issued to the Grantee, free of the restrictions under Section 2 of this Agreement. (c) The obligation of the Company to deliver shares upon the vesting of the Restricted Stock shall be subject to all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriately to comply with relevant securities laws and regulations.View More
Variations of a "Issuance of Certificates" Clause from Business Contracts
Issuance of Certificates. (a) Stock One or more stock certificates representing the Restricted Stock may shall be issued by in the Company name of the Grantee but shall be held and held retained in escrow by the Company Secretary until the Restricted Stock vests, or the Company may hold non-certificated shares in escrow until the Restricted Stock vests. During All such stock certificates shall bear such legends that the Restriction Period, Board or the Grantee Committee shall receive any cash dividends with respect to th...e shares of Restricted Stock, may vote the shares of Restricted Stock deem necessary and may participate in any distribution appropriate or which are otherwise required or indicated pursuant to a plan of dissolution any applicable stockholders or complete liquidation of the Company. similar agreement. In the event of a dividend or distribution payable in stock or other property or a reclassification, split up or similar event during the Restriction Period, the shares or other property issued or declared with respect to the non-vested shares of Restricted Stock shall be subject to the same terms and conditions relating to vesting as the shares to which they relate. (b) When the Grantee obtains a vested right to shares of Restricted Stock, a certificate representing the vested shares shall Shares may be issued to the Grantee, free of the restrictions under Section Paragraph 2 of this Agreement. (c) The obligation of the Company to deliver shares upon the vesting of the Restricted Stock shall be subject to all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriately appropriate to comply with relevant securities laws and regulations. 4. Change in Control. The provisions of the Plan applicable to a Change in Control (as defined in the Plan) shall apply to the Restricted Stock and, accordingly, Restricted Stock that has not vested at the time of a Change in Control shall immediately vest and the restrictions shall lapse as of the date of the Change in Control. View More
Issuance of Certificates. (a) Stock One or more stock certificates representing the Restricted Stock may shall be issued by in the Company name of the Grantee but shall be held and held retained in escrow by the Company Secretary until the Restricted Stock vests, or the Company may hold non-certificated shares in escrow until the Restricted Stock vests. During All such stock certificates shall bear such legends that the Restriction Period, Board of Directors or the Grantee Committee shall receive any cash dividends with ...respect to the shares of Restricted Stock, may vote the shares of Restricted Stock deem necessary and may participate in any distribution appropriate or which are otherwise required or indicated pursuant to a plan of dissolution any applicable stockholders or complete liquidation of the Company. similar agreement. In the event of a dividend or distribution payable in stock or other property or a reclassification, split up or similar event during the Restriction Period, the shares or other property issued or declared with respect to the non-vested shares of Restricted Stock shall be subject to the same terms and conditions relating to vesting as the shares to which they relate. (b) When the Grantee obtains a vested right to shares of Restricted Stock, a certificate representing the vested shares shall Shares may be issued to the Grantee, free of the restrictions under Section Paragraph 2 of this Agreement. (c) The obligation of the Company to deliver shares upon the vesting of any Shares of the Restricted Stock shall be subject to all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriately appropriate to comply with relevant securities laws and regulations. View More
Issuance of Certificates. (a) Stock certificates representing the Restricted Stock may be issued by the Company and held in escrow by the Company until the Restricted Stock vests, or the Company may hold non-certificated evidence of the issuance of shares in book-entry form until the Restricted Stock vests. The Participant agrees to execute, if required by the Company, a stock power with respect to each stock certificate representing shares of Restricted Stock, or other evidence of book-entry stock ownership, in favor of... the Company. When the Participant obtains a vested right to shares of Restricted Stock, a certificate, or evidence of the issuance of shares in book-entry form, representing the vested shares shall be delivered to the Participant, free of the restrictions under Sections 2(b) and 2(c) of this Agreement. (b) During the Restriction Period, the Grantee Participant shall receive any cash dividends with respect to the shares of Restricted Stock, may vote the shares of Restricted Stock and may participate in any distribution pursuant to a plan of dissolution or complete liquidation of the Company. In the event of a dividend or distribution payable in stock or other property or a reclassification, split up or similar event during the Restriction Period, the shares or other property issued or declared with respect to the non-vested unvested shares of Restricted Stock shall be subject to the same terms and conditions relating to vesting as the shares to which they relate. (b) When the Grantee obtains a vested right to shares of Restricted Stock, a certificate representing the vested shares shall be issued to the Grantee, free of the restrictions under Section 2 of this Agreement. (c) The obligation of the Company to deliver shares upon the vesting of the Restricted Stock shall be subject to all applicable laws, rules, rules and regulations and such approvals by governmental agencies as may be deemed appropriately appropriate to comply with relevant securities laws and regulations. View More
Issuance of Certificates. (a) Stock certificates representing the Restricted Stock Shares may be issued by the Company and held in escrow by the Company until the Restricted Stock vests, Shares vest, or the Company may hold non-certificated restricted shares until the Restricted Stock Shares vests. During the Restriction Period, the Grantee shall receive any cash dividends or other distributions with respect to the shares of Restricted Stock, Shares and may vote the shares of Restricted Stock and may participate in any d...istribution pursuant to a plan of dissolution or complete liquidation of the Company. Shares. In the event of a dividend or distribution payable in stock or other property or a reclassification, split up or similar event during the Restriction Period, the shares or other property issued or declared with respect to the non-vested shares of Restricted Stock Shares shall be subject to the same terms and conditions relating to vesting as the shares to which they relate. (b) When the Grantee obtains a vested right to shares of Restricted Stock, a certificate representing the Shares, vested shares shall be issued to the Grantee, Grantee (either in certificated or non-certificated form, in the Company's discretion), free of the restrictions under Section 2 of this Agreement. (c) The obligation of the Company to deliver shares upon the vesting of the Restricted Stock Shares shall be subject to all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriately appropriate to comply with relevant securities laws and regulations. View More
