Common use of Rights as Stockholder; Dividend & Voting Rights Clause in Contracts

Rights as Stockholder; Dividend & Voting Rights. Recipient (or any subsequent transferee) shall have no rights as a Stockholder with respect to any Award Shares until shares are issued in Recipient’s name. Recipient shall be entitled to dividends paid or declared on Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name; provided, however, any dividends paid in the form of common stock of the Company shall be considered Award Shares and shall be subject to all terms and provisions of this Agreement as the underlying Award Shares. Recipient shall have all voting rights applicable for all Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name. Recipient shall have no rights whatsoever (dividend, voting or otherwise) with respect to Award Shares which have been forfeited under Sections 2.1 or 2.2.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Carter Validus Mission Critical REIT II, Inc.), Restricted Stock Award Agreement (NexPoint Hospitality Trust, Inc.), Restricted Stock Award Agreement (Nexpoint Multifamily Realty Trust, Inc.)

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Rights as Stockholder; Dividend & Voting Rights. Recipient (or any subsequent transferee) shall have no rights as a Stockholder with respect to any Award Shares until shares are issued in Recipient’s 's name. Recipient shall be entitled to dividends paid or declared on Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name; provided, however, any dividends paid in the form of common stock of the Company shall be considered Award Shares and shall be subject to all terms and provisions of this Agreement as the underlying Award Shares. Recipient shall have all voting rights applicable for all Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name. Recipient shall have no rights whatsoever (dividend, voting or otherwise) with respect to Award Shares which have been forfeited under Sections 2.1 or 2.2.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Procaccianti Hotel Reit, Inc.), Restricted Stock Award Agreement (Carter Validus Mission Critical REIT, Inc.)

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Rights as Stockholder; Dividend & Voting Rights. Recipient (or any subsequent transferee) shall have no rights as a Stockholder with respect to any Award Shares until shares are issued in Recipient’s name. Recipient shall be entitled to any cash distributions or dividends paid or declared on Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name; provided, however, any dividends paid in the form of common stock of the Company shall be considered Award Shares and shall be subject to all terms and provisions of this Agreement as the underlying Award Shares. Recipient shall have all voting rights applicable for all Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name. With respect to Unvested Award Shares, the Recipient does hereby and irrevocably assign the Recipient’s right to vote such shares to the Chief Executive Officer of the Company in all matters, with full voting discretion. Recipient shall have no rights whatsoever (dividend, voting or otherwise) with respect to Award Shares which have been forfeited under Sections 2.1 or 2.2Section 1.3.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sila Realty Trust, Inc.)

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