Common use of Additional Conditions to Issuance of Shares Clause in Contracts

Additional Conditions to Issuance of Shares. Each transfer of Performance Shares shall be subject to the condition that if at any time the Committee shall determine, in its sole discretion, that it is necessary or desirable as a condition of, or in connection with, transfer of Performance Shares (i) to satisfy withholding tax or other withholding liabilities, (ii) to effect the listing, registration or qualification on any securities exchange or under any state or federal law of any Shares deliverable in connection with such exercise, or (iii) to obtain the consent or approval of any regulatory body, then in any such event such transfer shall not be effective unless such withholding, listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company.

Appears in 17 contracts

Samples: Performance Share Agreement (Chesapeake Utilities Corp), Performance Share Agreement (Chesapeake Utilities Corp), Performance Share Agreement (Chesapeake Utilities Corp)

AutoNDA by SimpleDocs

Additional Conditions to Issuance of Shares. Each transfer of Performance Shares shall be subject to the condition that if at any time the Committee shall determine, in its sole discretion, that it is necessary or desirable as a condition of, or in connection with, the transfer of Performance Shares (i) to satisfy withholding tax or other withholding liabilities, (ii) to effect the listing, registration or qualification on any securities exchange or under any state or federal law of any Shares deliverable in connection with such exercise, or (iii) to obtain the consent or approval of any regulatory body, then in any such event such transfer shall not be effective unless such withholding, listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company.

Appears in 13 contracts

Samples: Performance Stock Award Agreement (Chesapeake Utilities Corp), Performance Stock Award Agreement (Chesapeake Utilities Corp), Performance Stock Award Agreement (Chesapeake Utilities Corp)

Additional Conditions to Issuance of Shares. Each transfer of Performance Shares shall be subject to the condition that if at any time the Committee President shall determine, in its his sole discretion, that it is necessary or desirable as a condition of, or in connection with, the transfer of Performance Shares (i) to satisfy withholding tax or other withholding liabilities, (ii) to effect the listing, registration or qualification on any securities exchange or under any state or federal law of any Shares deliverable in connection with such exercise, or (iii) to obtain the consent or approval of any regulatory body, then in any such event such transfer shall not be effective unless such withholding, listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company.

Appears in 2 contracts

Samples: Performance Stock Award Agreement (Chesapeake Utilities Corp), Performance Stock Award Agreement (Chesapeake Utilities Corp)

AutoNDA by SimpleDocs

Additional Conditions to Issuance of Shares. Each transfer of Performance Shares shall be subject to the condition that if at any time the Committee shall determine, in its sole discretion, that it is necessary or desirable as a condition of, or in connection with, transfer of Performance Shares (i) to satisfy withholding tax or other withholding liabilities, (ii) to effect the listing, registration or qualification on any securities exchange or under any state or federal law of any Shares deliverable in connection with such exercise, or (iii) to obtain the consent or approval of any regulatory body, then in any such event such exercise or transfer shall not be effective unless such withholding, listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company.

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!