Registration Condition Clause Samples
A Registration Condition clause sets out specific requirements that must be met for a party to be officially recognized or allowed to participate in an agreement, event, or system. Typically, this clause outlines the necessary steps, documentation, or qualifications needed for registration, such as submitting an application, providing identification, or meeting eligibility criteria. Its core practical function is to ensure that only qualified or approved parties are granted access or rights under the agreement, thereby maintaining standards and reducing the risk of unauthorized participation.
Registration Condition. The Company need not register a transfer of this Warrant or Warrant Shares bearing the restrictive legend set forth in Section 8 above, unless the conditions specified in such legend are satisfied. The Company may also instruct its transfer agent not to register the transfer of the Warrant Shares, unless one of the conditions specified in the legend referred to in Section 8 above is satisfied.
Registration Condition. Notwithstanding any other provision in this Grant Letter or the Plan, no Stock will be issued to you unless and until the Stock to be issued upon the vesting of the Restricted Stock Unit has been registered under the Securities Act of 1933 (the “Securities Act”) and applicable state securities laws, or are, in the opinion of counsel to the Company, exempt from such registration in the United States. The Company shall not be under any obligation to register the Stock, although the Company may in its sole discretion register the Stock at such time as the Company shall determine. If the Company chooses to comply with an exemption from registration, the Stock may, at the direction of the Committee, bear an appropriate restrictive legend restricting the transfer or pledge of the Stock, and the Committee may also give appropriate stop transfer instructions with respect to the Stock to the Company’s transfer agent.