Common use of Rights as Shareholder; Dividends Clause in Contracts

Rights as Shareholder; Dividends. 5.1 The Grantee 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. 5.2 The Company may issue stock certificates or evidence the Grantee’s interest by using a restricted book entry account with the Company’s transfer agent. Physical possession or custody of any stock certificates that are issued shall be retained by the Company until such time as the Restricted Stock vests. 5.3 If the Grantee forfeits any rights he or she has under this Agreement in accordance with Section 3, the Grantee shall, on the date of such forfeiture, no longer have any rights as a shareholder with respect to the Restricted Stock and shall no longer be entitled to vote or receive dividends on such shares.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (TruBridge, Inc.), Restricted Stock Award Agreement (Computer Programs & Systems Inc), Non Employee Director Restricted Stock Award Agreement (Computer Programs & Systems Inc)

AutoNDA by SimpleDocs

Rights as Shareholder; Dividends. 5.1 The Grantee shall be the record owner of the Restricted Stock until the shares of Common Stock Shares 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 sharesShares. The Grantee shall have the right to vote the Restricted Stock. 5.2 The Company may issue stock certificates or evidence the Grantee’s interest by using a restricted book entry account with the Company’s transfer agent. Physical possession or custody of any stock certificates that are issued shall be retained by the Company until such time as the Restricted Stock vests. 5.3 If the Grantee forfeits any rights he or she has under this Agreement in accordance with Section 3, the Grantee shall, on the date of such forfeiture, no longer have any rights as a shareholder with respect to the Restricted Stock and shall no longer be entitled to vote or receive dividends on such sharesShares.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Misonix Inc), Restricted Stock Award Agreement (Misonix Inc), Restricted Stock Award Agreement (Misonix Inc)

Rights as Shareholder; Dividends. 5.1 The Grantee 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 including, without limitation limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. 5.2 The Company may issue stock certificates or evidence the Grantee’s interest by using a restricted book entry account with the Company’s transfer agent. Physical possession or custody of any stock certificates that are issued shall may be retained by the Company until such time as the Restricted Stock vests. 5.3 If the Grantee forfeits any rights he or she the Grantee has under this Agreement in accordance with Section 3, the Grantee shall, on the date of such forfeiture, no longer have any rights as a shareholder with respect to the such Restricted Stock and shall no longer be entitled to vote or receive dividends on such shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Electronic Servitor Publication Network, Inc.)

AutoNDA by SimpleDocs

Rights as Shareholder; Dividends. 5.1 The Grantee 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 including, without limitation limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. 5.2 The Company may issue stock certificates or evidence the Grantee’s interest by using a restricted book entry account with the Company’s transfer agent. Physical possession or custody of any stock certificates that are issued shall be retained by the Company until such time as the Restricted Stock vests. 5.3 If the Grantee forfeits any rights he or she has under this Agreement in accordance with Section 3, the Grantee shall, on the date of such forfeiture, no longer have any rights as a shareholder with respect to the Restricted Stock and shall no longer be entitled to vote or receive dividends on such shares.

Appears in 1 contract

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

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