Common use of Beneficial Ownership of Shares; Certificate Registration Clause in Contracts

Beneficial Ownership of Shares; Certificate Registration. The Participant hereby authorizes the Company, in its sole discretion, to deposit for the benefit of the Participant with any broker selected by the Company, or with the concurrence of the Company, any broker with which the Participant has an account relationship of which the Company has notice any or all shares of Common Stock acquired by the Participant pursuant to the exercise of the Option. Except as provided by the preceding sentence, a certificate for the shares as to which the Option is exercised shall be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant (or for any uncertificated shares, such entry shall be made in book- entry form).

Appears in 2 contracts

Samples: Stock Option Agreement (Biora Therapeutics, Inc.), Stock Option Agreement (Progenity, Inc.)

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Beneficial Ownership of Shares; Certificate Registration. The Participant hereby authorizes the Company, in its sole discretion, to deposit for the benefit of the Participant with any broker selected by the Company, or with the concurrence of the Company, any broker with which the Participant has an account relationship of which the Company has notice notice, any or all shares of Common Stock acquired by the Participant pursuant to the exercise settlement of the OptionRSU Award. Except as provided by the preceding sentence, a certificate for the shares as to which the Option RSU Award is exercised settled shall be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant (or for any uncertificated shares, such entry shall be made in book- book-entry form).

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Progenity, Inc.), Restricted Stock Unit Agreement (Biora Therapeutics, Inc.)

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Beneficial Ownership of Shares; Certificate Registration. The Participant hereby authorizes the Company, in its sole discretion, to deposit any or all Shares acquired by the Participant pursuant to the settlement of the Award with the Company’s transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such Shares for the benefit of the Participant with any broker selected by the Company, or with the concurrence of the Company, any broker with which the Participant has an account relationship of which the Company has notice any or all shares of Common Stock acquired by the Participant pursuant to the exercise of the Optionnotice. Except as provided by the preceding sentenceforegoing, if applicable, a certificate for the shares as to which Shares acquired by the Option is exercised shall Participant may be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant (or for any uncertificated shares, such entry shall be made in book- entry form)Participant.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Terran Orbital Corp)

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