Sale of Restricted Shares Sample Clauses

Sale of Restricted Shares. The Company hereby sells to the Employee, and the Employee hereby purchases from the Company, __________ shares of Common Stock (the "Restricted Shares"), which Restricted Shares are subject to all of the terms and conditions set forth in this Agreement, including, without limitation, the restrictions on transfer imposed pursuant to Section 2 hereof. The purchase price for the Restricted Shares is $1.00 per share, and the Company hereby acknowledges the sufficiency of such purchase price and the Company's receipt thereof on or prior to the date upon which this Agreement shall be executed and on or within 60 days following the Award Date.
Sample 1See All (4)
AutoNDA by SimpleDocs
Sale of Restricted Shares. Subject to the terms and conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, 100,000 unregistered shares of the Company’s Series D Convertible Preferred Stock (the “Restricted Shares”) at a purchase price of $0.001 per Share, which is equal to the Stated Value of the shares. The term “Restricted Shares” refers to the purchased Restricted Shares and all securities received in replacement of or in connection with the Restricted Shares pursuant to stock dividends or splits, all securities received in replacement of the Restricted Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser’s ownership of the Restricted Shares.
Sample 1Sample 2
Sale of Restricted Shares. Subject to the terms and conditions set forth in this Agreement, the Company hereby agrees to sell to Executive, and Executive hereby agrees to purchase from the Company, a total of 26,366 shares (the "Restricted Shares") of the Company's common stock, par value $0.01 per share ("Common Stock"), for the consideration set forth above. Executive shall deliver to the Company the amount of $263.66 by cash or check within five business days following the date of the execution of this Agreement. For purposes of this Agreement, "Restrictions" shall mean the restrictions and conditions set forth in Section 2 and Section 3, as applicable, with respect to the Restricted Shares and the Retained Distributions (as defined below). The Company shall cause the Restricted Shares to be issued and a stock certificate or certificates representing the Restricted Shares to be registered in the name of Executive promptly upon execution of this Agreement, but the stock certificate or certificates shall be delivered to, and held in custody by, the Company until such time or times that the Restrictions have lapsed pursuant to Section 3. On or before the date of execution of this Agreement, Executive shall deliver to the Company one or more stock powers endorsed in blank relating to the Restricted Shares, which will permit transfer to the Company of all or any portion of the Restricted Shares and any securities constituting Retained Distributions that shall be forfeited or that shall not become vested in accordance with this Agreement.
Sample 1Sample 2
Sale of Restricted Shares. In the event that the Stockholders, or either of them, shall desire to sell at least 50,000 Restricted Shares at a time when they shall have the right to Transfer such shares in accordance with the provisions of Section 6.4(a) above, but at which time, due to a change in the provisions of Rule 144 promulgated under the Securities Act, the Stockholders are unable to make a public sale of such shares pursuant to Rule 144, then in such event the Buyer shall, on written notice from the Stockholder(s) desiring to sell such shares, promptly use its reasonable efforts to cause such shares to be registered for resale with the Securities and Exchange Commission on Form S-3 or other comparable form in effect at the time of such request, subject to customary terms and conditions. The Company shall pay all expenses of such registration except for underwriters' or broker-dealers' discounts or commissions; PROVIDED that such expenses shall not exceed $15,000 in the aggregate. In the event that the expenses of any registration requested pursuant to this Section 6.7 exceed $15,000, Buyer shall proceed to effect such registration so long as the Stockholders shall pay all such expenses in excess of $15,000. The obligation to register such shares shall continue in effect for a period of four (4) years after the Closing Date, but Buyer shall not have any obligation to file more than two (2) such registration statements on Form S-3.
Sample 1
Sale of Restricted Shares. 24 SECTION 7. INDEMNIFICATION.....................................................................................25 7.1 Indemnification by the Stockholders...........................................................25 7.2 Limitations on Indemnification by the Stockholders............................................26
Sample 1
Sale of Restricted Shares. Subject to the terms and conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, 31,200,000 unregistered shares of the Company’s Common Stock (the “Restricted Shares”) at a purchase price of $31,200 (the “Signing Bonus”) or $0.001 per Share. The term “Restricted Shares” refers to the purchased Restricted Shares and all securities received in replacement of or in connection with the Restricted Shares pursuant to stock dividends or splits, all securities received in replacement of the Restricted Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser’s ownership of the Restricted Shares.
Sample 1
Sale of Restricted Shares. The Company will sell, transfer and convey to the Investor Two Million (2,000,000) shares ("Shares") of the Common Stock of the Company, which Shares shall be newly issued shares of Common Stock subject to the provisions of Rule 144 of the Securities Act of 1933, in consideration of a purchase price of Thirty-Five cents ($0.35) per share, or an aggregate purchase price of Seven Hundred Thousand Dollars ($700,000.00) (the "Purchase Price").
Sample 1
AutoNDA by SimpleDocs
Sale of Restricted Shares 
Sample 1Sample 2Sample 3See All (4)

Related to Sale of Restricted Shares

  • Issuance of Restricted Shares (a) The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set forth on the cover page of this Agreement), in consideration of employment services rendered and to be rendered by the Recipient to the Company.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Grant of Restricted Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

  • Award of Restricted Shares The Committee hereby awards to the Awardee [insert # of shares] Restricted Shares. All such Restricted Shares shall be subject to the restrictions and forfeiture provisions contained in Sections 4, 5 and 6, such restrictions and forfeiture provisions to become effective immediately upon execution of this Agreement by the parties hereto.

  • Grant of Restricted Share Units Subject to all of the terms and conditions of this Award Agreement and the Plan, the Company hereby grants to the Participant [ ] Class A restricted share units (the “RSUs”).

  • Escrow of Restricted Shares The Company shall evidence the Restricted Shares in the manner that it deems appropriate. The Company may issue in your name a certificate or certificates representing the Restricted Shares and retain such certificate(s) until the restrictions on such Restricted Shares expire as described in Section 5 or 6 of this Agreement or the Restricted Shares are forfeited as described in Section 4 and 6 of this Agreement. If the Company certificates the Restricted Shares, you shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. The Company shall hold the Restricted Shares and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Shares are delivered to you, (b) the Restricted Shares are otherwise transferred to you free of restrictions, or (c) the Restricted Shares are canceled and forfeited pursuant to this Agreement.

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Forfeiture of Restricted Stock Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!