Title Vesting Sample Clauses

The Title Vesting clause establishes when and how legal ownership of property or assets transfers from one party to another. Typically, this clause specifies the conditions or events—such as full payment, delivery, or completion of certain obligations—upon which title passes to the buyer or recipient. For example, in a sales contract, title may vest only after the final installment is paid, ensuring the seller retains ownership until all terms are met. The core function of this clause is to clearly define the moment of ownership transfer, thereby reducing disputes and allocating risk between the parties during the transaction process.
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Title Vesting. “Seller” represents and warrants that the transfer of the Leases to “Buyer” will vest “Buyer” with good, valid, marketable and indefeasible title to the Leases, representing one hundred percent (100.0%) of the lease interest and rights outstanding for the ownership of the Leases, free and clear of any security interest, encumbrance, claim, pledge, charge, limitation, or restriction whatsoever other than provided for in the lease agreements.
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Title Vesting. Assignor represents and warrants that the transfer of the Shares to Assignee has vested Assignee with good, valid, marketable and indefeasible title to the Shares, representing one hundred percent (100.0%) of the interest and rights outstanding for the ownership of the Shares, free and clear of any security interest, encumbrance, claim, pledge, charge, limitation, or restriction whatsoever.
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Title Vesting. Upon the transfer of the Purchased Shares to Buyer as contemplated by this Agreement, the Buyer shall be vested with good, valid, marketable and indefeasible title to the Purchased Shares, representing one hundred percent (100.0%) of the issued and outstanding common stock of the Company, free and clear of any security interest, encumbrance, claim, pledge, charge, limitation, or restriction whatsoever.
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Title Vesting. Upon the transfer of the Technology to Buyer as contemplated by this Agreement, the Buyer shall be vested with good, valid, marketable and indefeasible title to the Technology, representing one hundred percent (100.0%) of the interest and rights outstanding for the ownership of the Technology, free and clear of any security interest, encumbrance, claim, pledge, charge, limitation, or restriction whatsoever.
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Title Vesting. Sellers represent and warrant that the transfer of the Enzyme Technology to Buyer has vested Buyer with good, valid, marketable and indefeasible title to the Enzyme Technology, representing one hundred percent (100.0%) of the interest and rights outstanding for the ownership of the Enzyme Technology, free and clear of any security interest, encumbrance, claim, pledge, charge, limitation, or restriction whatsoever.
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Title Vesting. Sellers represent and warrant that the transfer of the Assets to Buyer has vested Buyer with good, valid, marketable and indefeasible title to the Assets, representing one hundred percent (100.0%) of the interest and rights outstanding for the ownership of the Assets, free and clear of any security interest, encumbrance, claim, pledge, charge, limitation, or restriction whatsoever.
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Title Vesting. Each of the parties hereto agree to execute any and all mutually-acceptable documents so as to vest in Buyer a 30% membership interest in Newco.
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Related to Title Vesting

  • Time Vesting The restrictions shall lapse with respect to the Shares of Restricted Stock covered by this Award, in the installments set forth in the Award Agreement, provided that G▇▇▇▇▇▇’s service as a Director of the Company and its Subsidiaries continues through the specified dates.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years.

  • Normal Vesting Subject to the Plan and this Agreement, if the Participant has been in Continuous Employment through the Vesting Date as set forth in Section 1, then the RSUs subject to such Vesting Date will become nonforfeitable (“Vest” or similar terms).