Common use of Rights as Shareholder; Dividends Clause in Contracts

Rights as Shareholder; Dividends. 5.1 Upon initial issuance, 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 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 Restricted Stock and shall no longer be entitled to vote or receive dividends on such shares.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Luxurban Hotels Inc.), Restricted Stock Award Agreement (Luxurban Hotels Inc.), Restricted Stock Award Agreement (Luxurban Hotels Inc.)

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Rights as Shareholder; Dividends. 5.1 Upon initial issuance, 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 evidencing the Shares 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 or its transfer agent as escrow holder until such time as the Restricted Shares vest. 5.2 Upon delivery of the Shares to the Grantee or the escrow holder, and subject to the provisions of this Agreement, the Grantee shall have with respect to the Shares all of the rights of an owner of Common Stock vestsincluding, without limitation, the right to vote such Shares and receive all dividends or other distributions paid with respect to such Shares. 5.3 If the Grantee forfeits any rights the Grantee has under this Agreement Shares in accordance with Section 33 of this Agreement, then the Grantee shall, on the date of such forfeiture, no longer have any rights as a shareholder an owner of Common Stock with respect to the Restricted Stock such Shares and shall no longer be entitled to vote or receive dividends on such sharesShares.

Appears in 2 contracts

Samples: Restricted Common Stock Award Agreement (Regional Health Properties, Inc), Restricted Common Stock Award Agreement (Regional Health Properties, Inc)

Rights as Shareholder; Dividends. 5.1 Upon initial issuance, the The Grantee shall be the record owner of the Restricted Stock Shares 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 shares. 5.2 The Company may issue stock certificates or evidence the Grantee’s 's interest by using a restricted book entry account with the Company’s '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 Shares vests. 5.3 If the Grantee forfeits any rights the Grantee he or she has under this Agreement in accordance with Section 33 of this Agreement, the Grantee shall, on the date of such forfeiture, no longer have any rights as a shareholder with respect to the forfeited Restricted Stock Shares and shall no longer be entitled to vote or receive dividends on such forfeited shares.

Appears in 1 contract

Samples: Restricted Shares Award Agreement (CRAWFORD UNITED Corp)

Rights as Shareholder; Dividends. 5.1 Upon initial issuance, the Grantee 5.1. The 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. 5.2 5.2. The Company may issue stock certificates or evidence the GranteeEmployee’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 5.3. If the Grantee Employee forfeits any rights the Grantee he has under this Agreement in accordance with Section 33 of this Agreement, the Grantee Employee 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 (Dynatronics Corp)

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Rights as Shareholder; Dividends. 5.1 Upon initial issuance, the Grantee 4.1 The 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. 5.2 4.2 The Company may issue stock certificates or evidence the Grantee’s Participant's interest by using a restricted book entry account with the Company’s 's transfer agent. Physical In such circumstance, 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 4.3 If the Grantee Participant forfeits any rights the Grantee he or she has under this Agreement in accordance with Section 32, the Grantee Participant shall, on the date of such forfeiture, no longer have any rights as a shareholder with respect to the forfeited 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 (Evolution Petroleum Corp)

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