Shares Credited Clause Samples
The "Shares Credited" clause defines how and when shares are officially recorded or credited to a party’s account under an agreement. Typically, this clause specifies the timing and conditions under which shares are considered delivered, such as upon settlement of a transaction or fulfillment of certain obligations. For example, it may clarify that shares are credited only after payment is received or certain milestones are met. The core function of this clause is to ensure clarity and prevent disputes by establishing a clear point at which ownership or entitlement to shares is recognized.
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Shares Credited. For all purposes of this Section, the number of shares of Sponsor Stock deemed "credited" or "reflected" to a Participant's proportional interest shall be determined as of the relevant date (the record date or the date specified in the tender offer) shall be calculated by reference to the number of shares reflected on the books of the transfer agent as of the relevant date.
Shares Credited. For all purposes of this Section, the number of shares of Sponsor Stock deemed "credited" or "reflected" to a participant's proportional interest shall be determined as of the last preceding valuation date. The trade date is the date the transaction is valued.
Shares Credited. If accounting with respect to the Stock Fund is by units of participation, then for all purposes of this Section 20.12, the number of shares of Employer Stock deemed "reflected" in a Participant's proportional interest shall be determined as of the last preceding valuation date. The trade date is the date the transaction is valued.
Shares Credited. For all purposes of this Article, the number of shares of the Company Stock deemed “credited” to a Participant’s, former Participant’s or Beneficiary’s accounts as of the relevant date (the record date or the date specified in the tender offer) shall be calculated by reference to the number of shares reflected on the books of the transfer agent as of the relevant date. In the case of a tender offer, the number of shares credited shall be determined as of a date as close as administratively feasible to the relevant date.
Shares Credited. 9.03 Conversion .........................................................................................
Shares Credited. For all purposes of this Section 5.4, the number of shares of the Company Stock deemed "credited" to a Member's or former Member's Accounts as of the relevant date (the record date or the date specified in the tender offer) shall be calculated by reference to the number of shares reflected on the books of the transfer agent as of the relevant date. In the case of a tender offer, the number of shares credited shall be determined as of a date as close as administratively feasible to the relevant date.
Shares Credited. For all purposes of this Section (including, without limitation, investment and reinvestment of assets in Member's accounts and voting, tendering or exchanging of Sponsor Stock), the
Shares Credited. For all purposes of this Section, the number of shares of Sponsor Stock deemed "credited" to a Participant's accounts as of the relevant date (the record date or the date specified in a tender offer) shall be calculated by reference to the number of shares reflected on the books of the transfer agent as of the relevant date. In the case of a tender, the number of shares credited shall be determined as of a date as closely administratively feasible to the relevant date. For all purposes of this Section, the number of shares of Sponsor Stock deemed "credited" or "reflected" to a Participant's proportional interest shall be determined as of the last preceding valuation date. The trade date is the date the transaction is valued.
Shares Credited. For all purposes of this Addendum, the number of shares of Employer Stock deemed “credited” or “reflected” to a Participant’s or Beneficiary’s proportional interest shall be determined as of the last preceding valuation date.
Shares Credited. For all purposes under this Section (including, without limitation, investment and