Common use of Reservation of Sufficient Shares Clause in Contracts

Reservation of Sufficient Shares. The Company will reserve and keep available out of its authorized but unissued shares of common stock a number of such shares as will be sufficient to enable the Company to issue and distribute any Performance Shares that become issuable and distributable under this Agreement.

Appears in 3 contracts

Samples: Performance Stock Unit Agreement (Tessco Technologies Inc), Performance Share Unit Agreement (Tessco Technologies Inc), Performance Share Unit Agreement (Tessco Technologies Inc)

AutoNDA by SimpleDocs

Reservation of Sufficient Shares. The Company will reserve and keep available out of its authorized but unissued shares of common stock Common Stock a number of such shares as will be sufficient to enable the Company to issue and distribute any Performance Shares that become issuable and distributable under this RSU Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Tessco Technologies Inc)

AutoNDA by SimpleDocs

Reservation of Sufficient Shares. The Company will reserve and keep available out of its authorized but unissued shares of common stock stock, or treasury stock, a number of such shares as will be sufficient to enable the Company to issue and distribute any Performance Shares that become issuable and distributable under this Agreement.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Tessco Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!