Common use of Consideration for Shares Clause in Contracts

Consideration for Shares. To ensure compliance with applicable state corporate law, the Company may require you to furnish consideration in the form of cash or cash equivalents equal to the par value of the Shares issued to you hereunder, and you hereby authorize the Company to withhold such amount from remuneration otherwise due you from the Company.

Appears in 4 contracts

Samples: Restricted Stock Unit and Performance Award Agreement (Perma-Pipe International Holdings, Inc.), Restricted Stock Unit Agreement (Perma-Pipe International Holdings, Inc.), Restricted Stock and Performance Award Agreement (Perma-Pipe International Holdings, Inc.)

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Consideration for Shares. To ensure compliance with applicable state corporate law, the Company may require you to furnish consideration in the form of cash or cash equivalents equal to the par value of the Shares issued to you hereunderupon settlement of the Award Units, and you hereby authorize the Company to withhold such amount from remuneration otherwise due you from the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Perma-Pipe International Holdings, Inc.), Restricted Stock Unit Agreement (Perma-Pipe International Holdings, Inc.)

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