Common use of Additional Securities as Restricted Stock Clause in Contracts

Additional Securities as Restricted Stock. Any securities received as the result of ownership of shares of Restricted Stock, including without limitation, securities received as a stock dividend or stock split, or as a result of a recapitalization or reorganization (all such securities to be considered “Restricted Stock” for all purposes under this Agreement), shall be held in custody in the same manner and subject to the same conditions as the shares of Restricted Stock with respect to which they were issued.

Appears in 11 contracts

Samples: Restricted Stock Agreement (Society Pass Incorporated.), Restricted Stock Agreement (American Noble Gas, Inc.), Restricted Stock Agreement (Infinity Energy Resources, Inc)

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Additional Securities as Restricted Stock. Any securities received as the result of ownership of shares of Restricted Stock, including without limitation, securities received as a stock dividend or stock split, or as a result of a recapitalization or reorganization (all such securities to be considered “Restricted Stock” for all purposes under this Agreement), shall be held in custody in the same manner and subject to the same conditions as the shares of Restricted Stock with respect to which they were issued.

Appears in 1 contract

Samples: Restricted Stock Agreement (Evans Bancorp Inc)

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