Common use of Rights as a Holder of Restricted Stock Clause in Contracts

Rights as a Holder of Restricted Stock. From and after the issue date, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of shares of Common Stock, including, without limitation, the right to vote the Shares, to receive and retain all regular cash dividends payable to holders of Shares of record on and after the issue date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of Shares with respect to the Restricted Stock, with the exceptions that (i) the Participant shall not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until such shares are no longer Restricted Stock; (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and any other property (“RS Property”) issued in respect of the Restricted Stock, including stock dividends at all times such Shares are Restricted Stock; (iii) no RS Property will bear interest or be segregated in separate accounts; and (iv) the Participant shall not, directly or indirectly, Transfer the Restricted Stock in any manner whatsoever.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Marketaxess Holdings Inc), Restricted Stock Agreement (Marketaxess Holdings Inc), Restricted Stock Agreement (Marketaxess Holdings Inc)

AutoNDA by SimpleDocs

Rights as a Holder of Restricted Stock. From and after the issue dateDistribution Date, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of shares of Common StockShares, including, without limitation, the right to vote the Shares, to receive and retain all regular cash dividends payable to holders of Shares of record on and after the issue date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes)Distribution Date, and to exercise all other rights, powers and privileges of a holder of Shares with respect to the Restricted Stock. Notwithstanding the foregoing, with the exceptions that (ia) the Participant shall not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until such shares Shares are no longer Restricted Stock; (iib) if applicable, the Company (or its designated agent) will retain maintain custody of the stock certificate or certificates representing the Restricted Stock and any other property (“RS Property”) issued in respect of the Restricted Stock, including stock dividends dividends, at all times such Shares are Restricted Stock; (iiic) if cash dividends are paid with respect to the Restricted Stock, such dividends shall be subject to the same vesting terms as the Restricted Stock, and shall be paid or delivered only when the Restricted Stock vests; (d) no RS Property will bear interest or be segregated in separate accounts; and (ive) the Participant shall not, directly or indirectly, Transfer transfer the Restricted Stock in any manner whatsoever.. ​

Appears in 6 contracts

Samples: Restricted Stock Agreement (Sovos Brands, Inc.), Restricted Stock Agreement (Sovos Brands, Inc.), Restricted Stock Agreement (Sovos Brands, Inc.)

Rights as a Holder of Restricted Stock. From and after the issue date, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of shares of Common Stock, including, without limitation, the right to vote the Shares, to receive and retain all regular cash dividends payable to holders of Shares of record on and after the issue date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of Shares with respect to the Restricted Stock. Notwithstanding the foregoing, with the exceptions that (i) the Participant shall not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until such shares Shares are no longer Restricted Stock; (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and any other property (“RS Property”) issued in respect of the Restricted Stock, including stock dividends dividends, at all times such Shares are Restricted Stock; (iii) if dividends are paid with respect to the Restricted Stock, such dividends shall be subject to the same vesting terms as the Restricted Stock, and shall be paid or delivered only when the Restricted Stock vests; (iv) no RS Property will bear interest or be segregated in separate accounts; and (ivv) the Participant shall not, directly or indirectly, Transfer transfer the Restricted Stock in any manner whatsoever.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Marketaxess Holdings Inc), Restricted Stock Award Agreement (Marketaxess Holdings Inc), Restricted Stock Award Agreement (Marketaxess Holdings Inc)

Rights as a Holder of Restricted Stock. From and after the issue dateany Settlement Date, the Participant shall have, with respect to the shares of Restricted StockStock issued on such Settlement Date, all of the rights of a holder of shares of Common Stock, including, without limitation, the right to vote the Sharessuch shares of Common Stock, to receive and retain all regular cash dividends payable to holders of Shares Common Stock of record on and after the issue date such Settlement Date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of Shares Common Stock with respect to the Restricted Stock, with the exceptions that (i) the Participant shall not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock until such shares are no longer Restricted Stock; (ii) the Company (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock and any other property (“RS Property”) issued in respect of the Restricted Stock, including stock dividends at all times such Shares shares are Restricted Stock; (iii) no RS Property will bear interest or be segregated in separate accounts; and (iv) the Participant shall not, directly or indirectly, Transfer the Restricted Stock in any manner whatsoever. Prior to a Settlement Date, the Participant shall have no rights as a stockholder with respect to the applicable shares of Common Stock covered by any Restricted Stock to be granted for the applicable Achievement Date unless and until the Participant has become the holder of record of such Common Stock, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan (including, without limitation, Section 4.2(b) of the Plan).

Appears in 3 contracts

Samples: Letter Agreement, Letter Agreement (Marketaxess Holdings Inc), Performance Share Award Agreement (Marketaxess Holdings Inc)

AutoNDA by SimpleDocs

Rights as a Holder of Restricted Stock. From and after the issue datedate hereof, the Participant Seller shall have, with respect to the shares of Restricted StockSeller Shares, all of the rights of a holder of shares of Common Stock, including, without limitation, the right to vote the Seller Shares, to receive and retain all regular cash dividends payable to holders of Shares shares of record on and after the issue date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of Shares Common Stock with respect to the Restricted StockSeller Shares, with the exceptions that (i) as provided in Section 2, the Participant Seller shall not be entitled to delivery of the stock certificate or certificates representing the Restricted Stock Seller Shares until such shares Seller Shares are no longer Restricted Stocksubject to the restrictions set forth in this Agreement; (ii) the Company Holdings (or its designated agent) will retain custody of the stock certificate or certificates representing the Restricted Stock Seller Shares and any other non-cash property (“RS Property”) issued in respect of the Restricted StockSeller Shares, including non-cash stock dividends at all times while such Seller Shares are Restricted Stocksubject to the restrictions set forth in this Agreement; (iii) no RS Property will bear interest or be segregated in separate accounts; and (iv) the Participant Seller shall not, directly or indirectly, effect a Share Transfer of the Restricted Stock Seller Shares in any manner whatsoever.

Appears in 1 contract

Samples: Restricted Stock Agreement (Marketaxess Holdings Inc)

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