Common use of Acceptance of Restrictions Clause in Contracts

Acceptance of Restrictions. Acceptance of the Shares shall constitute the Grantee's agreement to such restrictions and the legending of his certificates with respect thereto. Notwithstanding such restrictions, however, so long as the Grantee is the holder of the Shares, or any portion thereof, he shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.

Appears in 4 contracts

Samples: Restricted Stock Purchase Agreement (Medizone International Inc), Stock Award Agreement (Medizone International Inc), Restricted Stock Purchase Agreement (Able Energy Inc)

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Acceptance of Restrictions. Acceptance of the Shares shall constitute the Grantee's ’s agreement to such restrictions and the legending of his certificates with respect thereto. Notwithstanding such restrictions, however, so long as the Grantee is the holder of the Shares, or any portion thereof, he shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.

Appears in 3 contracts

Samples: Stock Award Agreement (New Energy Technologies, Inc.), Restricted Stock Award Agreement (Skystar Bio-Pharmaceutical Co), Restricted Stock Award Agreement (Biophan Technologies Inc)

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Acceptance of Restrictions. Acceptance of the Shares shall constitute the Grantee's agreement to such restrictions and the legending of his Grantee’s certificates with respect thereto. Notwithstanding such restrictions, however, so long as the Grantee is the holder of the Shares, or any portion thereof, he Grantee shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.

Appears in 1 contract

Samples: Restricted Stock Agreement (Orient Petroleum & Energy, Inc.)

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