Common use of Beneficial Ownership of Shares; Certificate Registration Clause in Contracts

Beneficial Ownership of Shares; Certificate Registration. The Grantee hereby authorizes the Company, in its sole discretion, to deposit any or all shares of Stock acquired by the Grantee pursuant to the settlement of the Award with the Company’s transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such shares of Stock for the benefit of the Grantee with any broker with which the Grantee has an account relationship of which the Company has notice. Except as provided by the foregoing, if applicable, a certificate for the shares of Stock acquired by the Grantee may be registered in the name of the Grantee, or, if applicable, in the names of the heirs of the Grantee.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement for Company Employees (Terran Orbital Corp), Restricted Stock Unit Award Agreement (TWFG, Inc.), Restricted Stock Unit Award Agreement (TWFG, Inc.)

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Beneficial Ownership of Shares; Certificate Registration. The Grantee hereby authorizes the Company, in its sole discretion, to deposit any or all shares of Stock acquired by the Grantee pursuant to the settlement of the Award Units with the Company’s transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such shares of Stock for the benefit of the Grantee with any broker with which the Grantee has an account relationship of which the Company has notice. Except as provided by the foregoing, if applicable, a certificate for the shares of Stock acquired by the Grantee may shall be registered in the name of the Grantee, or, if applicable, in the names of the heirs of the Grantee.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Lsi Corp)

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