Administrative Shares Sample Clauses
The "Administrative Shares" clause defines the allocation of shares that are reserved for administrative purposes within a company, such as shares held by founders, management, or for employee incentive programs. Typically, this clause outlines the number or percentage of shares set aside, the conditions under which they may be issued or transferred, and any restrictions on their use. Its core practical function is to ensure that a portion of the company's equity is specifically designated for administrative or strategic purposes, thereby supporting effective management and incentivizing key personnel.
Administrative Shares. The following provisions are hereby incorporated and made part of the Distributor’s Contract dated the 1st day of March, 1994, between Money Market Obligations Trust and Federated Securities Corp. with respect to the Shares of the Fund set forth above.