Common use of Transfer of Shares to Trustee Clause in Contracts

Transfer of Shares to Trustee. (a) Each Shareholder, upon execution of this Agreement, hereby assigns and transfers to the Trustee and deposits with the Trustee all the certificates for such Shareholder's share of Common Stock, as set forth opposite such Shareholder's signature to this Agreement, and such additional shares of Common Stock as may be set forth in any additional document or instrument in which a Shareholder agrees to make such additional shares of Common Stock subject to this Agreement (all of such shares being hereinafter collectively referred to as the "Shares") for the purpose of vesting in the Trustee, as Trustee of an active trust, the right to vote and act and to exercise other rights pertaining to such shares, as and to the extent and upon the terms and conditions and for the period set forth in this Agreement. No shares shall be deposited hereunder except shares having general voting powers, as provided in the Certificate of Incorporation of the Company. All such share certificates shall be endorsed, or accompanied by such instruments of transfer, as to enable the Trustee to cause such certificates to be transferred into the name of the Trustee, as hereinafter provided. On receipt by the Trustee of the certificates for any such shares and the transfer of the same into the name of the Trustee, the Trustee shall issue and deliver to each Shareholder voting trust certificates for the shares so deposited. Shares so deposited with the Trustee will be held by the Company at its principal office in safekeeping for the Trustee."

Transfer of Shares to Trustee. (a) Each Shareholder, upon execution of this Agreement, hereby assigns and transfers to the Trustee and deposits The Shareholders shall deposit with the Trustee all the certificates for such Shareholder's share of Common Stock, as set forth opposite such Shareholder's signature to this Agreement, and such additional shares of Common Stock as may be set forth in any additional document or instrument in which a Shareholder agrees to make such additional shares of Common Stock subject to this Agreement (representing all of such shares being hereinafter collectively referred to as the Shares listed on Exhibit B attached hereto (the "Shares") for the purpose of vesting in the Trustee, as Trustee of an active trust, the right to vote and act and to exercise other rights pertaining to such shares, as and to the extent and upon the terms and conditions and for the period set forth in this Agreement. No shares shall be deposited hereunder except shares having general voting powers, as provided in the Certificate of Incorporation of the Company). All such share certificates shall be endorsed, or accompanied by such instruments of transfertransfer (such as duly executed blank stock powers), so as to enable the Trustee to cause such certificates to be transferred into the name of the Trustee, as hereinafter provided. On Upon receipt by the Trustee of the certificates for representing any Shares and such shares instruments of transfer, the Trustee shall hold the same subject to the terms of this Agreement, and subject to the terms of a Voting and Shareholders Agreement dated as of the date hereof, entered into by the Shareholders, the Company and the transfer Trustee (the "Voting and Shareholders Agreement") and shall thereupon issue and deliver to the Shareholders a Voting Trust Certificate for the Shares so deposited. All certificates representing Shares transferred and delivered to the Trustee pursuant to this Agreement shall be surrendered by the Trustee to the Company and canceled, and new certificates therefor shall be issued to and held by the Trustee in the name of the same into "Xxxxxxx X. Xxxxx, as Trustee" (or in the name of the then successor Trustee, the Trustee shall issue and deliver to each Shareholder voting trust certificates for the shares so deposited. Shares so deposited with the Trustee will be held by the Company at its principal office in safekeeping for the if any, as Trustee)."

Transfer of Shares to Trustee. (a) Each Shareholder, upon execution of this Agreement, hereby assigns and transfers to the Trustee and deposits with the Trustee all of the certificates for such Shareholder's share of Common StockShares, as set forth opposite such Shareholder's signature to this Agreement, and such additional shares of Common Stock Agreement or as may be set forth in any additional document or instrument in which a Shareholder agrees to make such additional shares of Common Stock subject executes a joinder to this Agreement (all of such shares being hereinafter collectively referred to as the "Shares") for the purpose of vesting in the Trustee, as Trustee of an active trust, the right to vote and act and to exercise other rights pertaining to such sharesShares, as and to the extent extent, and upon the terms and conditions and for the period set forth in this Agreement. No shares shall be deposited hereunder except shares having general voting powers, as provided in the Certificate of Incorporation of the Company. All such share certificates for Shares transferred by the Shareholders shall be endorsed, or accompanied by such instruments of transfer, as to enable the Trustee to cause such certificates to be transferred into registered in the name of the Trustee, as hereinafter provided. On receipt by the Trustee of the certificates for any such shares Shares and the transfer of the same such Shares into the name of the Trustee, the Trustee shall hold such Shares subject to the terms of this Agreement, and shall thereupon issue and deliver to each the Shareholder voting trust certificates for who transferred the shares Shares to the Trustee a Voting Trust Certificate representing the Shares so deposited. Shares so deposited with the Trustee will be held by the Company at its principal office in safekeeping for the Trustee."