Common use of Direct Registration Clause in Contracts

Direct Registration. Participant agrees that in lieu of stock certificates, any Shares issuable in connection with the exercise of the Stock Option may be issued in uncertificated form in accordance with existing procedures of the Company and its stock transfer agent.

Appears in 9 contracts

Samples: Employment Agreement (PLx Pharma Inc.), Employment Agreement (PLX Pharma Inc.), Employment Agreement (PLX Pharma Inc.)

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Direct Registration. Participant agrees that in lieu of stock certificates, any Shares issuable in connection with the exercise of the Stock Option may be issued in uncertificated form in accordance with existing procedures pursuant to the Direct Registration System (“DRS”) of the Company and its Company’s stock transfer agent.

Appears in 2 contracts

Samples: Award Agreement (CST Brands, Inc.), Non Qualified Stock Option Agreement (CST Brands, Inc.)

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