Common use of Transfer of Stock to Trustee Clause in Contracts

Transfer of Stock to Trustee. Each of the Shareholders assigns and delivers to the Trustee any certificate held by such Shareholder representing shares of Common Stock owned by such Shareholder and shall do all things necessary for the transfer of shares of Common Stock to the Trustee on the books of the Company.

Transfer of Stock to Trustee. A. Each of the Shareholders Shareholder hereby assigns and delivers transfers to the Trustee any certificate the shares of Stock owned and held by each of them, subject to the terms and conditions of this Agreement. Each Shareholder agrees to deliver to the Trustee, simultaneously with the execution of this Agreement, a stock certificate or certificates representing such Shareholder representing shares of Common Stock owned by such Shareholder and shall do all things necessary Stock, together with a duly executed stock power for the transfer of shares such share of Common Stock to the Trustee on the books of the CompanyTrustee.