Uncovered Shares Clause Samples

The 'Uncovered Shares' clause defines shares that are not protected or guaranteed under a specific agreement, often in the context of securities offerings or shareholder arrangements. In practice, this clause identifies which shares are excluded from certain rights, protections, or obligations—such as those not covered by a lock-up period or not included in a registration statement. By clearly specifying which shares are considered 'uncovered,' the clause helps prevent disputes and ensures all parties understand the scope of their rights and responsibilities regarding those shares.