Common use of Delivery of Shares to Agent Clause in Contracts

Delivery of Shares to Agent. The Corporation shall deliver to the Agent the share certificates representing the New Ceridian Common Shares issued to the Corporation by New Ceridian pursuant to Section 2.1(b), endorsed in blank, and shall instruct the Agent to distribute, on or as soon as practicable following the Distribution Date, to each holder of record of Ceridian Common Stock on the Distribution Record Date a certificate or certificates representing one share of New Ceridian Common Stock for each share of Ceridian Common Stock so held. New Ceridian shall provide all share certificates that the Agent shall require in order to effect the Distribution.

Appears in 4 contracts

Samples: Distribution Agreement (Ceridian Corp), Distribution Agreement (New Ceridian Corp), Distribution Agreement (New Ceridian Corp)

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