Common use of Transfer of Stock to Trustee Clause in Contracts

Transfer of Stock to Trustee. As soon as reasonably possible after the execution of this Agreement, the Shareholder will deposit with the Trustee, the certificate or certificates for the Shares, together with instruments duly executed for the transfer of the Shares to the Trustee. Pending the delivery of such instruments, the Shareholder hereby transfers the Shares to the Trustee. The Shares shall be vested in the Trustee and shall be transferred to the name of the Trustee on the books of the Company.

Transfer of Stock to Trustee. As soon as reasonably possible after The Stockholder shall, simultaneously with the execution of this Agreement, the Shareholder will deposit with assign and deliver its stock certificates to the Trustee, the certificate or certificates for the Shares, together with instruments duly executed for the transfer of and the Shares to represented by the Trustee. Pending the delivery of such instruments, the Shareholder hereby transfers the Shares to the Trustee. The Shares shall be vested in the Trustee and stock certificates so delivered shall be transferred to the name of the Trustee on the books of the CompanyCompany to the Trustee, as voting Trustee. The Trustee is hereby fully authorized and empowered to cause such transfer to be made and also to cause any further transfers of the Shares to be made which become necessary through any change of the person holding the office of Trustee, as hereinafter provided.