Common use of Status of Executive Clause in Contracts

Status of Executive. The Executive shall not be, or have rights as, a stockholder of the Corporation with respect to any of the shares of Common Stock subject to the RSUs unless such RSUs have vested, and shares underlying the RSUs have been issued and delivered to him or her. The Corporation shall not be required to issue or transfer any certificates for shares of Common Stock upon vesting of the RSUs until all applicable requirements of law have been complied with and such shares have been duly listed on any securities exchange on which the Common Stock may then be listed.

Appears in 12 contracts

Samples: Cash Settled Restricted Stock Unit Agreement (Synovus Financial Corp), Restricted Stock Unit Agreement (Synovus Financial Corp), Restricted Stock Unit Agreement (Synovus Financial Corp)

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Status of Executive. The Executive shall not be, or have rights as, a stockholder of the Corporation with respect to any of the shares of Common Stock subject to the RSUs PSUs unless such RSUs PSUs have vested, and shares underlying the RSUs PSUs have been issued and delivered to him or her. The Corporation shall not be required to issue or transfer any certificates for shares of Common Stock upon vesting of the RSUs PSUs until all applicable requirements of law have been complied with and such shares have been duly listed on any securities exchange on which the Common Stock may then be listed.

Appears in 3 contracts

Samples: Performance Stock Unit Agreement (Synovus Financial Corp), Performance Stock Unit Agreement (Synovus Financial Corp), Performance Stock Unit Agreement (Synovus Financial Corp)

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