Issuance of Certificates definition

Issuance of Certificates. As soon as practicable after your Restricted Share Units vest, the Company will issue in your name certificate(s) for a number of Shares equal to the number of Restricted Stock Units that have vested. Transferability of Shares: By accepting this Award, you agree not to sell any Shares acquired under this Award at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. Rights as Shareholder: You will not be deemed for any purposes to be a shareholder of the Company with respect to any of the Restricted Share Units unless and until a stock certificate is issued therefor upon vesting of the units. Transferability of Award: You may not transfer or assign this Award for any reason, other than under your will or as required by intestate laws. Any attempted transfer or assignment will be null and void. Change of Control: Upon a Change of Control, all Restricted Share Units shall become vested in full provided you are an employee of the Company or an Affiliate on the date of such Change of Control. The remaining terms of the Award shall remain in effect without change. Tax Withholding: To the extent that the vesting of the Restricted Share Units results in income to you for Federal, state or local income tax purposes, you shall deliver to the Company at the time the Company is obligated to withhold taxes, such amount as the Company requires to meet its withholding obligation, and if you fail to do so, the Company has the right and authority to deduct or withhold from other compensation payable to you an amount sufficient to satisfy its withholding obligations. You may satisfy the withholding requirement, in whole or in part, by electing to have the Company withhold for its own account that number of Shares otherwise deliverable to you upon vesting having an aggregate Fair Market Value on the date the tax is to be determined equal to no more than the minimum statutory total tax that the Company must withhold in connection with the vesting of the Restricted Share Units. Your election must be irrevocable, in writing, and submitted to the Secretary of the Company before the applicable vesting date. The Fair Market Value of any fractional Share not used to satisfy the withholding obligation (as determined on the date the tax is determined) will be paid to you in cash.
Sample 1
Issuance of Certificates. Representing Chiste's Preferred Shares. At Closing, Chiste shall issue Chiste's Preferred Shares to the Members as provided in Section 1.4 above. Chiste's Preferred Shares, when issued, shall be restricted shares and may not be sold, transferred or otherwise disposed of by the Members without registration under the Securities Act of 1933, as amended ("Securities Act") or an available exemption from registration under the Securities Act. The certificates representing Chiste's Preferred Shares will contain the appropriate restrictive legends.
Sample 1
Issuance of Certificates. As soon as practicable after your Restricted Stock Units vest, the Company will issue in your name certificate(s) for a number of Shares equal to the number of Restricted Stock Units that have vested. Transferability of Shares: By accepting this Agreement, you agree not to sell any Shares acquired under this Agreement at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. Rights as Shareholder: You will not be deemed for any purposes to be a shareholder of the Company with respect to any of the Restricted Stock Units unless and until a stock certificate is issued therefor upon vesting of the units. Transferability of Award: You may not transfer or assign this Agreement for any reason, other than under your will or as required by intestate laws. Any attempted transfer or assignment will be null and void.
Sample 1

Examples of Issuance of Certificates in a sentence

  • Conveyance of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee; Issuance of Certificates.

  • Conveyance of REMIC Regular Interests and Acceptance of REMICs by the Trustee; Issuance of Certificates.

  • Regular Interests and Acceptance of Master REMIC, Respectively, by the Trustee; Issuance of Certificates.

  • Issuance of Certificates; Payment for --------------------------------------------------------- Shares.

  • Issuance of Certificates is subject to MassMutual’s then current guidelines regarding guaranteed issue, simplified issue, and full underwriting.

  • Regular Interests and Acceptance of REMIC 2 and REMIC 3 by the Trustee; Issuance of Certificates.

  • Resumption of Issuance of Certificates/ Cancellation of Certificates............12 ARTICLE VIII.

  • Issuance of Certificates Evidencing Interest in REMIC II.............20 Section 2.08.

  • Regular Interests and Acceptance of REMIC 1 by the Trustee; Issuance of Certificates.

  • Issuance of Certificates Evidencing Interest in REMIC II.............22 Section 2.08.


More Definitions of Issuance of Certificates

Issuance of Certificates. Representing Purezza's Preferred Shares. At Closing, Purezza will issue the Preferred Shares to the Members as provided in Section 1.4 above. The Preferred Shares, when issued, shall be restricted shares and may not be sold, transferred or otherwise disposed of by the Members without registration under the Securities Act of 1933, as amended ("Securities Act") or an available exemption from registration under the Securities Act. The certificates representing the Preferred Shares will contain the appropriate restrictive legends.
Sample 1
Issuance of Certificates. As soon as practicable after your Restricted Share Units vest, the Company will issue in your name certificate(s) for a number of Shares equal to the number of Restricted Stock Units that have vested.
Sample 1
Issuance of Certificates. Representing Marine's Preferred Shares. At Closing, Marine will issue Marine's Preferred Shares to the Members as provided in Section 1.4 above. Marine's Preferred Shares, when issued, shall be restricted shares and may not be sold, transferred or otherwise disposed of by the Members without registration under the Securities Act of 1933, as amended ("Securities Act") or an available exemption from registration under the Securities Act. The certificates representing Marine's Preferred Shares will contain the appropriate restrictive legends.
Sample 1

Related to Issuance of Certificates

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • Classes of Certificates Each of the Class A and Class B Certificates will consist of one or more classes with the prior consent of Wells Fargo Asset Securities Xxxxoration (the "Seller"), which consent shall not be unreasonably withheld. Aggregate Principal Amount $ ___________(Approximate) of the Offered Certificates: Certificates Not Offered Hereby: The Class B-4, Class B-5 and Class B-6 Certificates (the "Other Certificates").

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • Class F Certificate Any one of the Certificates with a “Class F” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • New Certificates has the meaning set forth in Section 2.05(a).

  • Accrual Certificates As specified in the Preliminary Statement.

  • Additional Certificates has the meaning specified in Section 8.01(d).

  • Rule 144A Global Certificates As defined in Section 5.02(c)(ii) of this Agreement.

  • Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.

  • Rule 144A Certificates The Junior Subordinate Certificates.

  • Residual Certificates As specified in the Preliminary Statement.

  • Delay Certificates As specified in the Preliminary Statement.

  • Physical Certificates As specified in the Preliminary Statement.

  • COFI Certificates As specified in the Preliminary Statement.

  • Principal Only Certificates As specified in the Preliminary Statement.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class A-IO Certificate Any one of the Class A-IO Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association.

  • Rule 144A Global Certificate With respect to any Class of Book-Entry Certificates, a single global Certificate, or multiple global Certificates collectively, registered in the name of the Depository or its nominee, in definitive, fully registered form without interest coupons, each of which Certificates bears a Qualified Institutional Buyer CUSIP number and does not bear a Regulation S Legend.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class A-PO Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-PO and Exhibit C hereto.

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • REMIC I Certificates The Class R-I Certificates.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.