Common use of Rights of Executive Clause in Contracts

Rights of Executive. Effective as of the Date of Grant, the Executive is a stockholder with respect to all of the Restricted Shares granted to him pursuant to Section 1 and has all of the rights of a stockholder with respect to all such Restricted Shares, including the right to vote such Restricted Shares and the right to receive all dividends and other distributions paid with respect to such Restricted Shares; provided, however, that such Restricted Shares shall be subject to the restrictions hereinafter described, including, without limitation, those described in Section 5.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Holly Corp), Restricted Stock Agreement (Holly Corp), Restricted Stock Agreement (Holly Corp)

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Rights of Executive. Effective as of the Date of Grant, the Executive is a stockholder with respect to all of the Restricted Shares granted to him him/her pursuant to Section 1 and has all of the rights of a stockholder with respect to all such Restricted Shares, including the right to vote such Restricted Shares and the right to receive all dividends and other distributions paid with respect to such Restricted Shares; provided, however, that such Restricted Shares shall be subject to the restrictions hereinafter described, including, without limitation, those described in Section 58.

Appears in 1 contract

Samples: Restricted Stock Agreement (Holly Corp)

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