Distributions; Voting Clause Samples
The "Distributions; Voting" clause defines how profits or assets are distributed among members or shareholders and outlines the procedures for voting on key decisions within an organization. Typically, this clause specifies the proportion or method by which distributions are allocated, such as according to ownership percentages, and details the voting rights each member holds, which may be based on their stake or another agreed formula. Its core function is to ensure transparency and fairness in both financial distributions and decision-making processes, thereby reducing disputes and clarifying each party's rights and obligations.
Distributions; Voting. (a) Any shares of Targeted Common Stock or other equity securities issued or distributed by Targeted (including shares issued upon a stock split) with respect to the Indemnification Escrow Shares or Penn Escrow Shares that have not been released from the Escrow Fund (the "New Shares") shall be added to the ---------- Escrow Fund and become a part of the Indemnification Escrow Shares or Penn Escrow Shares, respectively. When and if cash dividends on Indemnification Escrow Shares or Penn Escrow Shares in the Escrow Fund shall be declared and paid, they shall be distributed to the beneficial owners of such shares on the applicable distribution date. Such dividends will not become part of the Escrow Fund and will not be available to satisfy Damages. The beneficial owners of such shares shall pay any taxes on such dividends.
(b) Each Genovo Stockholder shall possess voting rights with respect to that number of Indemnification Escrow Shares or Penn Escrow Shares issued to and deposited in the Escrow Fund on behalf of such Genovo Stockholder (and on any voting securities added to the Escrow Fund with respect to such shares), so long as such shares or other voting securities are held in the Escrow Fund. Targeted shall promptly deliver to the Escrow Agent, and the Escrow Agent shall promptly deliver to Genovo Stockholder, copies of all proxy solicitation materials.
(c) Targeted shall show the Targeted Common Stock contributed to the Escrow Fund as issued and outstanding on its balance sheet.
Distributions; Voting. (a) Any dividends payable in securities or other distributions of any kind (including any shares received upon a stock split, stock dividend or recapitalization) made in respect of any securities in the Escrow Fund shall be held in the Escrow Fund subject to the rights of eGain. Cash dividends, if any, shall be distributed to the Selling Stockholders.
(b) The Selling Stockholders, as representatives, shall have voting rights with respect to the shares of stock in the Escrow Fund so long as such stock or other voting securities are held in the Escrow Fund.
Distributions; Voting. (i) Any shares of Parent Class A Common Stock or other equity securities issued or distributed by Precept (including shares issued upon a stock split) (the "New Shares") in respect of Holdback Shares that have not been released to ▇▇▇▇▇ shall be added to the Holdback Shares and become a part thereof. New Shares issued in respect of Holdback Shares that have been released shall not be added to the Holdback Shares, but shall be distributed to the holders thereof. When and if cash dividends on Holdback Shares shall be declared and paid, they shall not be added to the Holdback Shares but shall be paid to the holders thereof.
(ii) ▇▇▇▇▇ shall be the record owner of the Holdback Shares and shall have voting rights with respect to the Holdback Shares (including any New Shares that are voting securities) so long as such Holdback Shares are retained by Buyer.
Distributions; Voting. (a) Any shares of AmeriNet Common Stock or other equity securities issued or distributed by AmeriNet, including shares issued upon a stock split or any stock dividend or distribution ("New Shares") in respect of AmeriNet Common Stock in the Escrow Fund which have not been released from the Escrow Fund shall be added to the Escrow Fund and become a part thereof.
(b) New Shares issued in respect of AmeriNet Common Stock which have been released from the Escrow Fund shall not be added to the Escrow Fund, but shall be distributed to the holders thereof.
(c) When and if cash dividends on AmeriNet Common Stock in the Escrow Fund shall be declared and paid, they shall not be added to the Escrow Fund but shall be paid to those on whose behalf such AmeriNet Common Stock is held who, prior to the Reorganization, held Vista Vacations' Common Stock.
(2) Each stockholder of Vista Vacations shall have voting rights with respect to the shares of AmeriNet Common Stock contributed to the Escrow Fund on behalf of such stockholder (and on any voting securities added to the Escrow Fund in respect of such shares of AmeriNet Common Stock) so long as such shares of AmeriNet Common Stock or other voting securities are held in the Escrow Fund.
Distributions; Voting. 35 6.8 Method of Asserting Claims; Resolution of Conflicts........................................... 35 6.9 Stockholder Representative; Power of Attorney................................................. 36 6.10 Third-Party Claims............................................................................ 36 ARTICLE 7
Distributions; Voting. 76 11.8 Indemnification Claim.......................................76 11.9 Release of Escrow Amount....................................76 11.10 Contribution................................................76
Distributions; Voting. (a) Any shares of Colmena's common stock or other equity securities issued or distributed by Colmena, including shares issued upon a stock split or any stock dividend or distribution ("New Shares") with respect to Colmena's common stock in the Escrow Funds which have not been released from the Escrow Funds will be added to the Escrow Funds and become a part thereof.
(b) New Shares issued with respect to Colmena's common stock that have been released from the Escrow Funds will not be added to the Escrow Funds, but will be distributed to the holders thereof.
(c) When and if cash dividends on Colmena's common stock in the Escrow Funds will be declared and paid, they will be added to the Escrow Funds and become a part thereof.
(2) Each stockholder of NetWorth will have full voting rights with respect to the shares of Colmena's common stock contributed to the Escrow Funds on behalf of such stockholder (and on any voting securities added to the Escrow Funds with respect to such shares of Colmena's common stock) so long as such shares of Colmena's common stock or other voting securities are held in the Escrow Funds.
Distributions; Voting. (i) Any shares of Parent Common Stock or other equity securities issued or distributed by Parent (including shares issued upon a stock split, stock dividend, recapitalization or other similar event) (“New Shares”) in respect of Parent Common Stock in the Escrow Fund which have not been released from the Escrow Fund shall be added to the Escrow Fund and become a part thereof. New Shares issued in respect of shares of Parent Common Stock which have been released from the Escrow Fund shall not be added to the Escrow Fund but shall be distributed to Seller or any successor thereto (including the Trust). Cash dividends on Parent Common Stock shall not be added to the Escrow Fund but shall be distributed to Seller or any successor thereto (including the Trust).
(ii) Seller or its successor shall be shown as the record owner of Parent Common Stock on Parent’s books and records and shall have voting rights with respect to the shares of Parent Common Stock held in the Escrow Fund on behalf of Seller or any successor thereto (including the Trust) (and on any voting securities added to the Escrow Fund in respect of such shares of Parent Common Stock).
Distributions; Voting. Any shares of Bristol Common Stock or other equity securities issued or distributed by Bristol (including shares issued upon a stock split) ("NEW SHARES") in respect of Holdback Shares which have not been released to the Shareholders shall be added to the Holdback Shares and become a part thereof. New Shares issued in respect of Holdback Shares which have been released shall not be added to the Holdback Shares, but shall be distributed to the holders thereof. When and if cash dividends on Holdback Shares shall be declared and paid, they shall not be added to the Holdback Shares but shall be paid to those on whose behalf such Bristol Common Stock is held. The Shareholders shall be the record owner of the Holdback Shares and shall have voting rights with respect to the Holdback Shares (including any New Shares that are voting securities) so long as such Holdback Shares are retained by Bristol.
Distributions; Voting. Any New Shares and any accrued interest on Escrow Cash shall be added to the Escrow Fund and become a part of the Escrow Shares and Escrow Cash, respectively. When and if cash dividends on Escrow Shares in the Escrow Fund shall be declared and paid, they shall be distributed to the beneficial owners of such shares on the applicable distribution date. Such dividends will not become part of the Escrow Fund and will not be available to satisfy Damages. The beneficial owners of such shares shall pay any taxes on such dividends. Each Stockholder shall possess voting rights with respect to that number of Escrow Shares issued to and deposited in the Escrow Fund on behalf of such Stockholder (and on any voting securities added to the Escrow Fund with respect to such shares), so long as such shares or other voting securities are held in the Escrow Fund. BSQUARE shall promptly deliver to the Escrow Agent, and the Escrow Agent shall promptly deliver to Stockholder, copies of all proxy solicitation materials.