Common use of Issuance of Rights Clause in Contracts

Issuance of Rights. Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will also be issued together with each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, the book entry account that evidences record ownership of such shares) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: ● the Rights will not be exercisable; ● the Rights will be evidenced by the certificates for Common Shares (or, if uncertificated, by the book entry account that evidences record ownership of such shares) and not by separate rights certificates; and ● the Rights will be transferable by, and only in connection with, the transfer of Common Shares.

Appears in 9 contracts

Samples: Rights Agreement (Tabula Rasa HealthCare, Inc.), Tax Benefit Preservation Plan (Fitlife Brands, Inc.), Rights Agreement (Inmune Bio, Inc.)

AutoNDA by SimpleDocs

Issuance of Rights. Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will also be issued together with each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, by the book entry account that evidences record ownership of such shares) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: the Rights will not be exercisable; the Rights will be evidenced by the certificates for Common Shares (or, if uncertificated, by the book entry account that evidences record ownership of such shares) and not by separate rights certificates; and the Rights will be transferable by, and only in connection with, the transfer of Common Shares.

Appears in 2 contracts

Samples: Rights Agreement (Support.com, Inc.), Rights Agreement (StealthGas Inc.)

Issuance of Rights. Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will also be issued together with each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, the book entry account that evidences record ownership of such shares) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: · the Rights will not be exercisable; · the Rights will be evidenced by the certificates for Common Shares (or, if uncertificated, by the book entry account that evidences record ownership of such shares) and not by separate rights certificates; and · the Rights will be transferable by, and only in connection with, the transfer of Common Shares.

Appears in 2 contracts

Samples: Rights Agreement (Aptevo Therapeutics Inc.), Rights Agreement (CSS Industries Inc)

Issuance of Rights. Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will also be issued together with each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, the book entry account that evidences record ownership of such shares) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: the Rights will not be exercisable; the Rights will be evidenced by the certificates for Common Shares (or, if uncertificated, by the book entry account that evidences record ownership of such shares) and not by separate rights certificates; and the Rights will be transferable by, and only in connection with, the transfer of Common Shares.

Appears in 2 contracts

Samples: Rights Agreement (Tempur Sealy International, Inc.), Rights Agreement (Tempur Sealy International, Inc.)

Issuance of Rights. Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will also be issued together with each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, by the book entry account that evidences record ownership of such shares) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: · the Rights will not be exercisable; · the Rights will be evidenced by the certificates for Common Shares (or, if uncertificated, by the book entry account that evidences record ownership of such shares) and not by separate rights certificates; and · the Rights will be transferable by, and only in connection with, the transfer of Common Shares.

Appears in 1 contract

Samples: Rights Agreement (Qualstar Corp)

AutoNDA by SimpleDocs

Issuance of Rights. Each holder of Common Shares Stock as of the Record Date will receive a dividend of one Right per share of Common ShareStock. One Right will also be issued together with each share of Common Share Stock issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, the book entry account that evidences record ownership of such shares) for Common Shares Stock issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: ● the Rights will not be exercisable; ● the Rights will be evidenced by the certificates for shares of Common Shares Stock (or, if uncertificated, by the book entry account that evidences record Stock ownership of such shares) and not by separate rights certificates; and ● the Rights will be transferable by, and only in connection with, the transfer of shares of Common SharesStock.

Appears in 1 contract

Samples: Rights Agreement (hopTo Inc.)

Issuance of Rights. Each holder of Common Shares Stock as of the Record Date will receive a dividend of one Right per share of Common ShareStock. One Right will also be issued together with each share of Common Share Stock issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, the book entry account that evidences record ownership of such shares) for Common Shares Stock issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: the Rights will not be exercisable; the Rights will be evidenced by the certificates for shares of Common Shares Stock (or, if uncertificated, by the book entry account that evidences record Stock ownership of such shares) and not by separate rights certificates; and the Rights will be transferable by, and only in connection with, the transfer of shares of Common SharesStock.

Appears in 1 contract

Samples: Rights Agreement (Highpower International, Inc.)

Issuance of Rights. Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will also be issued together with each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, the book entry account that evidences record ownership of such shares) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: the Rights will not be exercisable; the Rights will be evidenced by the certificates for Common Shares (or, if uncertificated, by the book entry account that evidences record ownership of such shares) and not by separate rights certificates; and the Rights will be transferable by, and only in connection with, the transfer of Common Shares.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan

Time is Money Join Law Insider Premium to draft better contracts faster.