Common use of Deposit of Stock Clause in Contracts

Deposit of Stock. Simultaneously with the execution and delivery of this Agreement, each Stockholder has duly and validly assigned and delivered to the Trustee all of the shares of Stock, represented by a certificate or certificates duly and validly endorsed in blank, and accompanied by instruments of transfer sufficient to enable the shares of Stock to be transferred to the name of the Trustee not in its individual capacity, but solely as Trustee.

Appears in 4 contracts

Samples: Voting Trust Agreement (Sommers James), Voting Trust Agreement (Stephens Group Inc), Voting Trust Agreement (Eden Bioscience Corp)

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Deposit of Stock. Simultaneously with the execution and delivery of this Agreement, each Stockholder has duly and validly assigned and delivered to the Trustee all of the shares of Stock, represented by a certificate or certificates duly and validly endorsed in blank, and accompanied by instruments of transfer sufficient to enable the --------------------- ------------------ CUSIP No. 92230X000 Page 2 of 12 Pages --------------------- ------------------ shares of Stock to be transferred to the name of the Trustee not in its individual capacity, but solely as Trustee.

Appears in 1 contract

Samples: Voting Trust Agreement (Stephens Group Inc)

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