Admission of Substitute Shareholder Sample Clauses
Admission of Substitute Shareholder. A person who acquires the Shareholder’s corporation interest by transfer or assignment shall be admitted to the Company as a shareholder upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Shareholder” for purposes of this Agreement.
Admission of Substitute Shareholder. Pursuant to Section 11 of the LLC Agreement, the Member shall be admitted as a shareholder of the Company and shall become the “Shareholder” for purposes of the LLC Agreement. By signing below, the Member agrees to be bound by the terms of the LLC Agreement.