Common use of Rights of Stockholder Clause in Contracts

Rights of Stockholder. From and after the Date of Grant and for so long as the Restricted Stock is held by or for the benefit of the Recipient, the Recipient shall have all the rights of a stockholder of the Company with respect to the Restricted Stock, including but not limited to the right to receive dividends and the right to vote such Restricted Stock. Dividends paid on Restricted Stock shall be paid at the dividend payment date for the Common Stock in cash or shares of Common Stock. Stock distributed in connection with a Common Stock split or Common Stock dividend shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such Common Stock has been distributed.

Appears in 13 contracts

Samples: Restricted Stock Agreement (First Potomac Realty Trust), Restricted Stock Agreement (First Potomac Realty Trust), Restricted Stock Agreement (First Potomac Realty Trust)

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Rights of Stockholder. From and after the Date of Grant and for so long as the Restricted Stock is Shares are held by or for the benefit of the Recipient, the Recipient shall have all the rights of a stockholder of the Company with respect to the Restricted StockShares, including but not limited to the right to receive dividends and the right to vote such Restricted StockShares. Dividends paid on Restricted Stock Shares shall be paid at the dividend payment date for the Common Stock in cash or shares of Common Stock. Stock distributed in connection with a Common Stock split or Common Stock dividend shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock Shares with respect to which such Common Stock has been distributed.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (New York Mortgage Trust Inc)

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