Common use of Effect of Settlement Clause in Contracts

Effect of Settlement. Upon delivery of a stock certificate to the Grantee pursuant to the provisions of this Section 2, the corresponding portion of the Units being settled shall be satisfied in full and Grantee shall have no further rights with respect thereto.

Effect of Settlement. Upon delivery of a stock certificate to the Grantee pursuant to the provisions of this Section 2, the corresponding portion of the Units being settled shall be satisfied in full and Grantee shall have no not further rights with respect thereto.