Common use of Rights as Shareholder; Dividends Clause in Contracts

Rights as Shareholder; Dividends. 5.1 The Director shall be the record owner of the Restricted Stock until the shares of Common Stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a shareholder of the Company including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Notwithstanding the foregoing, any dividends or other distributions shall be subject to the same restrictions on transferability as the shares of Restricted Stock with respect to which they were paid.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Lightwave Logic, Inc.), Restricted Stock Award Agreement (LIGHTBRIDGE Corp), Restricted Stock Award Agreement (Cellceutix CORP)

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Rights as Shareholder; Dividends. 5.1 The Director Participant shall be the record owner of the Restricted Stock until the shares of Common Stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a shareholder of the Company including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Notwithstanding the foregoing, any stock dividends or other stock distributions paid on account of the Restricted Stock shall be subject to the same restrictions on transferability as the shares of Restricted Stock with respect to which they were paid.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (First Us Bancshares Inc), Restricted Stock Award Agreement (First Us Bancshares Inc), Restricted Stock Award Agreement (First Us Bancshares Inc)

Rights as Shareholder; Dividends. 5.1 5.1. The Director Employee shall be the record owner of the Restricted Stock until the shares of Common Stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a shareholder of the Company including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Notwithstanding the foregoing, any dividends or other distributions shall be subject to the same restrictions on transferability as the shares of Restricted Stock with respect to which they were paid.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Dynatronics Corp)

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Rights as Shareholder; Dividends. 5.1 7.1. The Director Holder shall be the record owner of the Restricted Stock until the shares of Common Stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a shareholder of the Company including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Notwithstanding the foregoing, any dividends or other distributions shall be subject to the same restrictions on transferability as the shares of Restricted Stock with respect to which they were paid.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Clearday, Inc.)

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