Common use of Endorsement on Share Certificates Clause in Contracts

Endorsement on Share Certificates. The Participant agrees that the certificates representing any Restricted Stock subject to the forfeiture and cancellation provisions of Section 2 may have endorsed upon them in a conspicuous manner a legend in substantially the following form: “The voluntary or involuntary transfer or encumbrance of the shares represented by this certificate are restricted by, and such shares are subject to, the provisions of a certain agreement between the company and the registered holder hereof (which agreement, among other things, subjects such shares to possible forfeiture and cancellation), a copy of which is on file at the principal office of the company and will be furnished to the holder of this certificate upon request without charge.” When the forfeiture and cancellation provisions of Section 2 hereof expire or terminate as to any of such shares, the Company shall, upon the Participant’s request and at no charge to the Participant, exchange the certificates representing the shares that contain the endorsement provided for herein for new certificates representing those of the shares as to which such rights have expired or terminated containing no such endorsement and certificates containing such endorsement representing the balance of the shares as to which such rights have not expired or terminated.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Breeze-Eastern Corp), Restricted Stock Award Agreement (Transtechnology Corp)

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Endorsement on Share Certificates. The Participant agrees that the certificates representing any Restricted Stock subject to the forfeiture and cancellation restriction provisions of Section 2 this Agreement may have endorsed upon them in a conspicuous manner a legend in substantially the following form: “The voluntary or involuntary transfer or encumbrance of the shares represented by this certificate are restricted by, and such shares are subject to, the provisions of a certain agreement between the company and the registered holder hereof (which agreement, among other things, subjects such shares to possible forfeiture and cancellation)hereof, a copy of which is on file at the principal office of the company and will be furnished to the holder of this certificate upon request without charge.” When the forfeiture and cancellation provisions restrictions of Section 2 hereof this Agreement expire or terminate as to any of such shares, the Company shall, upon the Participant’s request and at no charge to the Participant, exchange the certificates representing the shares that contain the endorsement provided for herein for new certificates representing those of the shares as to which such rights have expired or terminated containing no such endorsement and certificates containing such endorsement representing the balance of the shares as to which such rights have not expired or terminated.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Breeze-Eastern Corp)

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Endorsement on Share Certificates. The Participant agrees that the certificates representing any Restricted Stock subject to the forfeiture and cancellation provisions of Section 2 may have endorsed upon them in a conspicuous manner a legend in substantially the following form: "The voluntary or involuntary transfer or encumbrance of the shares represented by this certificate are restricted by, and such shares are subject to, the provisions of a certain agreement between the company and the registered holder hereof (which agreement, among other things, subjects such shares to possible forfeiture and cancellation), a copy of which is on file at the principal office of the company and will be furnished to the holder of this certificate upon request without charge." When the forfeiture and cancellation provisions of Section 2 hereof expire or terminate as to any of such shares, the Company shall, upon the Participant’s 's request and at no charge to the Participant, exchange the certificates representing the shares that contain the endorsement provided for herein for new certificates representing those of the shares as to which such rights have expired or terminated containing no such endorsement and certificates containing such endorsement representing the balance of the shares as to which such rights have not expired or terminated.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Transtechnology Corp)

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