Common use of Effect of Prohibited Transfer Clause in Contracts

Effect of Prohibited Transfer. The Corporation shall not (a) transfer on its books any Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (b) treat as the owner of or pay dividends to any transferee to whom any Shares shall have been sold or transferred in violation of any of the provisions set forth in this Agreement.

Appears in 1 contract

Samples: Stockholders Agreement (Eprise Corp)

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Effect of Prohibited Transfer. The Corporation Company shall not be required (a) to transfer on its books any of the Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, Agreement or the Plan or (b) to treat as the owner of such Shares or to pay dividends to any transferee to whom any such Shares shall have been so sold or transferred in violation of any of the provisions set forth in this Agreementtransferred.

Appears in 1 contract

Samples: Restricted Stock Agreement (United Natural Foods Inc)

Effect of Prohibited Transfer. The Corporation Company shall not be required (a) to transfer on its books any of the Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, Agreement or (b) to treat as the owner of such Shares or to pay dividends to any transferee to whom any such Shares shall have been so sold or transferred in violation transferred. Any transferee or purported transferee of any Shares shall be subject to the restrictions and forfeiture provisions of this Agreement to the provisions set forth in this Agreementsame extent that the Service Provider is so subject.

Appears in 1 contract

Samples: Restricted Stock Agreement (Atrium Corp)

Effect of Prohibited Transfer. The Corporation shall not be required (a) to transfer on its books any of the Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (b) to treat as the owner of such Shares or to pay dividends to any transferee to whom any such Shares shall have been so sold or transferred in violation of any of the provisions set forth in this Agreementtransferred.

Appears in 1 contract

Samples: Restricted Stock Agreement (Opensite Technologies Inc)

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Effect of Prohibited Transfer. The Corporation shall not be required ----------------------------- (a) to transfer on its books any of the Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (b) to treat as the owner of such Shares or to pay dividends to any transferee to whom any such Shares shall have been so sold or transferred in violation of any of the provisions set forth in this Agreementtransferred.

Appears in 1 contract

Samples: Stock Restriction Agreement (Sciquest Com Inc)

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