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 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; provided that dividends or other distributions with respect to any Shares of Restricted Stock shall be paid to the Grantee only to the extent such Shares of Restricted Stock are vested. 5.2 The Company may issue evidence the Grantee’s interest by issuing “book entry” Shares (i.e., a computerized or manual book entry account) in the records of the Company or its transfer agent in the Grantee’s name. 5.3 If the Grantee forfeits any rights he 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 (EVO Payments, Inc.), Restricted Stock Award Agreement (EVO Payments, Inc.), Restricted Stock Award Agreement (EVO Payments, Inc.)

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Rights as Shareholder; Dividends. 5.1 4.1 The Grantee shall be the record owner of the Restricted Stock until the Shares are such Restricted Stock is 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 Restricted Stock and receive all dividends or other distributions paid with respect to such SharesRestricted Stock; provided that dividends or other distributions with respect to any Shares of such Restricted Stock shall be paid to the Grantee only to the extent such Shares of Restricted Stock are is vested. 5.2 4.2 The Company may issue evidence of the Grantee’s interest by issuing “book entry” Shares shares (i.e., a computerized or manual book entry account) in the records of the Company or its transfer agent in the Grantee’s name. 5.3 4.3 If the Grantee forfeits any rights he has under this Agreement in accordance with Section 32, 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 with respect to such SharesRestricted Stock.

Appears in 1 contract

Samples: Equity Appreciation Plan (EVO Payments, Inc.)

Rights as Shareholder; Dividends. 5.1 The Grantee shall be the record owner of the Restricted Stock Shares until the Shares 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 shares and receive all dividends or other distributions paid with respect to such Shares; provided that shares. Notwithstanding the foregoing, any dividends or other distributions shall be subject to the same restrictions on transferability as the Shares with respect to any Shares of Restricted Stock shall be paid to the Grantee only to the extent such Shares of Restricted Stock are vestedwhich they were paid. 5.2 The Company may issue stock certificates or evidence the Grantee’s interest by issuing “book entry” Shares (i.e., using a computerized or manual restricted book entry account) in account with the records Company’s transfer agent. Physical possession or custody of any stock certificates that are issued may be retained by the Company or its transfer agent in until such time as the Grantee’s nameShares vest. 5.3 If the Grantee forfeits any rights he 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 unvested Shares and shall no longer be entitled to vote or receive dividends on such Sharesunvested shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Muscle Maker, Inc.)

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Rights as Shareholder; Dividends. 5.1 The Grantee shall be the record owner of the Restricted Stock until the Shares 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 shares and receive all dividends or other distributions paid with respect to such Shares; provided that 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 any Shares of Restricted Stock shall be paid to the Grantee only to the extent such Shares of Restricted Stock are vestedwhich they were paid. 5.2 The Company may issue evidence the Grantee’s interest by issuing “book entry” Shares (i.e., a computerized or manual book entry account) in the records of the Company or its transfer agent in the Grantee’s name. 5.3 If the Grantee forfeits any rights he 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 1 contract

Samples: Restricted Stock Award Agreement (ECPM Holdings, LLC)

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