Stock Distributed Sample Clauses
The "Stock Distributed" clause defines the terms and conditions under which shares or stock are allocated or transferred to parties, such as employees, founders, or investors. Typically, this clause outlines the timing, method, and quantity of stock distribution, and may specify any restrictions, vesting schedules, or requirements for eligibility. By clearly setting out how and when stock is distributed, the clause ensures transparency and helps prevent disputes over ownership or entitlement to shares.
Stock Distributed. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Common Stock, treasury Common Stock or Common Stock purchased on the open market.
Stock Distributed. Any shares of Stock delivered pursuant to an Award may consist, in whole or in part, of authorized but unissued Stock or treasury Stock or Stock purchased on the open market.
Stock Distributed. Any Common Stock distributed pursuant to the Plan may consist, in whole or in part, of authorized and unissued Common Stock, treasury stock or Common Stock purchased on the open market.
Stock Distributed. Any Stock distributed pursuant to a Restricted Stock award may consist, in whole or in part, of authorized and unissued Stock or treasury Stock. Any Stock so distributed shall be duly and validly issued, fully paid and nonassessable.