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 MRSUs unless such MRSUs have vested, and shares underlying the MRSUs 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 MRSUs 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 4 contracts

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

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