Common use of Certificates; Legends Clause in Contracts

Certificates; Legends. The Company shall cause each certificate representing the Shares to be issued in the Grantee’s name and such Shares shall be fully paid and nonassessable and free from preemptive rights. Each such certificate shall bear a legend to the effect that the transferability of each such Shares is restricted in accordance with the provisions of the 1933 Act, the Stockholders Agreement and this Agreement.

Appears in 6 contracts

Samples: Stock Award Agreement (Carrols Corp), Stock Award Agreement (Carrols Corp), Stock Award Agreement (Carrols Corp)

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Certificates; Legends. The Company shall cause each certificate representing the Shares to be issued in the GranteeTrust’s name and such Shares shall be fully paid and nonassessable and free from preemptive rights. Each such certificate shall bear a legend to the effect that the transferability of each such Shares is restricted in accordance with the provisions of the 1933 Act, the Stockholders Agreement and this Agreement.

Appears in 1 contract

Samples: Exchange Agreement (Carrols Corp)

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