Common use of ISSUANCE OF SHARES TO TRUSTEE Clause in Contracts

ISSUANCE OF SHARES TO TRUSTEE. The Shareholder, simultaneously with the execution of this Agreement, shall assign and deliver the share certificates representing the Shareholder's Shares directly to the Trustee, who shall cause the Shareholder's Shares to be transferred to the Trustee, as voting trustee, on the books of the Corporation. In the event that during the term of this Agreement (i) there shall be a stock split with respect to the Shareholder's Shares, (ii) there shall be a distribution of stock made with respect to the Shareholder's Shares, or (iii) the Shareholder shall purchase shares of the Corporation pursuant to the exercise of preemptive rights associated with the Shareholder's Shares, the share certificates representing any additional shares received by the Shareholder as a result of such stock split, stock distribution, or exercise of preemptive rights shall be deemed to be assigned and delivered by the Shareholder to the Trustee (without the necessity of the Shareholder separately endorsing such share certificates to effect such assignment), the Trustee shall cause any such share certificates to be transferred to the Trustee as voting trustee, on the books of the Corporation, and such shares shall thereafter be treated as Trust Shares hereunder.

ISSUANCE OF SHARES TO TRUSTEE. The Shareholder, simultaneously with the execution of this Agreement, shall assign and deliver the share certificates representing the Shareholder's Trust Shares directly to the Trustee, who shall cause the Shareholder's Trust Shares to be transferred to the Trustee, as voting trustee, on the books of the Corporation. In the event that during the term of this Agreement (i) there shall be a stock split with respect to the Shareholder's Trust Shares, (ii) there shall be a distribution of stock made with respect to the Shareholder's Trust Shares, or (iii) the Shareholder shall purchase shares of the Corporation pursuant to the exercise of preemptive rights associated with the Shareholder's Trust Shares, the share certificates representing any additional shares received by the Shareholder as a result of such stock split, stock distribution, or exercise of preemptive rights shall be deemed to be assigned and delivered by the Shareholder to the Trustee (without the necessity of the Shareholder separately endorsing such share certificates to effect such assignment), the Trustee shall cause any such share certificates to be transferred to the Trustee as voting trustee, on the books of the Corporation, and such shares shall thereafter be treated as Trust Shares hereunder.

ISSUANCE OF SHARES TO TRUSTEE. The ShareholderShareholders, simultaneously with the execution of this Agreement, shall assign and deliver the share certificates representing the Shareholder's Shareholders' Shares directly to the Trustee, who shall cause the Shareholder's Shareholders' Shares to be transferred to the Trustee, as voting trustee, on the books of the Corporation. In the event that during the term of this Agreement (i) there shall be a stock split with respect to the Shareholder's Shareholders' Shares, (ii) there shall be a distribution of stock made with respect to the Shareholder's Shareholders' Shares, or (iii) the Shareholder Shareholders shall purchase shares of the Corporation pursuant to the exercise of preemptive rights associated with the Shareholder's Shareholders' Shares, the share certificates representing any additional shares received by the Shareholder Shareholders as a result of such stock split, stock distribution, or exercise of preemptive rights shall be deemed to be assigned and delivered by the Shareholder Shareholders to the Trustee (without the necessity of the Shareholder Shareholders separately endorsing such share certificates to effect such assignment), the Trustee shall cause any such share certificates to be transferred to the Trustee as voting trustee, on the books of the Corporation, and such shares shall thereafter be treated as Trust Shares hereunder.

ISSUANCE OF SHARES TO TRUSTEE. The ShareholderShareholders, simultaneously with the execution of this Agreement, shall assign and deliver the share certificates representing the Shareholder's Shareholders' Shares directly to the Trustee, who shall cause the Shareholder's Shares to be transferred to the Trustee, as voting trustee, on the books of the Corporation. In the event that during the term of this Agreement (i) there shall be a stock split with respect to the Shareholder's Shareholders' Shares, (ii) there shall be a distribution of stock made with respect to the Shareholder's Shares, or (iii) the Shareholder Shareholders shall purchase shares of the Corporation pursuant to the exercise of preemptive rights associated with the Shareholder's Shareholders' Shares, the share certificates representing any additional shares received by the Shareholder Shareholders as a result of such stock split, stock distribution, or exercise of preemptive rights shall be deemed to be assigned and delivered by the Shareholder Shareholders to the Trustee (without the necessity of the Shareholder Shareholders separately endorsing such share certificates to effect such assignment), the Trustee shall cause any such share certificates to be transferred to the Trustee as voting trustee, on the books of the Corporation, and such shares shall thereafter be treated as Trust Shares hereunder.