Common use of Transfer of Shares to Trustee Clause in Contracts

Transfer of Shares to Trustee. All certificates for shares of the Company delivered to the Trustee shall be surrendered by the Trustee to the Company and canceled. New share certificates shall be issued in the name of the Trustee. The new share certificates shall state that they are issued pursuant to this Agreement, and in the entry of ownership of the shares by the Trustee in the stock transfer records of the Company, that fact shall also be noted.

Appears in 2 contracts

Samples: Voting Trust Agreement (Ontro Inc), Termination of Voting Trust Agreement (Ontro Inc)

AutoNDA by SimpleDocs

Transfer of Shares to Trustee. All share certificates for shares of the Company delivered to the Trustee shall be surrendered by the Trustee to the Company and canceled. New share certificates certificate(s) shall be issued in the name of the Trustee. The new share certificates certificate(s) shall state that they are issued pursuant to this Agreement, and in the entry of ownership of the shares by the Trustee in the stock transfer records of the Company, that . That fact shall also be notednoted in the Companys stock transfer records as part of the entry of the Trustees ownership of the Shares. The Trustee shall hold all share certificates for stock of the Company subject to the terms of this Agreement. Such share certificates shall be and remain in the possession of the Trustee.

Appears in 2 contracts

Samples: Voting Trust Agreement (Autocorp Equities Inc), Voting Trust Agreement (Autocorp Equities Inc)

Transfer of Shares to Trustee. All existing certificates for shares or accounts representing Shares of the Company delivered to the Trustee shall be surrendered by the Trustee to the Company Company's transfer agent and canceledcancelled. New share certificates shall be issued in the name of the Trustee. The new share certificates representing Shares shall state that they are issued pursuant to this Agreement, and . That fact shall also be noted by the transfer agent in the Company's stock transfer records in the entry of the Trustee's ownership of the shares by the Trustee in the stock transfer records of the Company, that fact shall also be notedshares.

Appears in 2 contracts

Samples: Voting Trust Agreement (Mead Robert E), Voting Trust Agreement (Silverleaf Resorts Inc)

Transfer of Shares to Trustee. All certificates for shares of the Company delivered to the Trustee shall be surrendered by the Trustee to the Company and canceled. New share certificates shall be issued in the name of the Trustee, as Trustee. The new share certificates shall state that they are issued pursuant to this Agreement, and in the entry of ownership of the shares by the Trustee in the stock transfer records of the Company, that fact shall also be noted.

Appears in 1 contract

Samples: Voting Trust Agreement (Ontro Inc)

AutoNDA by SimpleDocs

Transfer of Shares to Trustee. All certificates for shares of the Company Shares delivered to the Trustee shall be surrendered by the Trustee to the Company and canceled. New canceled and new share certificates shall be issued in the name of the Trustee. The new share certificates shall state , which reflect the fact that they are issued pursuant to this Agreement, and in the entry of ownership of the shares by the Trustee in the stock transfer records of the Company, that fact shall also be notedTrust.

Appears in 1 contract

Samples: Trust Agreement (Netgateway Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!