Certificates Issued Clause Samples
The "Certificates Issued" clause defines the requirement for one party to provide official documentation, such as insurance certificates or compliance certificates, to the other party as proof of meeting certain contractual obligations. Typically, this clause specifies the type of certificates required, the timeframe for their delivery, and any necessary details or endorsements that must be included. Its core practical function is to ensure transparency and verify that essential conditions—like insurance coverage or regulatory compliance—are satisfied, thereby reducing risk and providing assurance to the receiving party.
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Certificates Issued. The stock certificates evidencing the Restricted Stock shall be registered on the Company’s books in the name of the Officer as of the date hereof. Upon vesting of any part of the shares of Restricted Stock prior to any event of forfeiture under paragraph 3, by virtue of expiration of a Restriction Period set forth above or under paragraph 3 of this Agreement, the Company shall cause a stock certificate, without such restricted stock legend, to be issued covering the requisite number of vested shares of the Company’s Common Stock, registered on the Company’s books in the name of the Officer, within thirty (30) days after such vesting. Upon receipt of such stock certificate(s) without the restricted stock legend, the Officer is free to hold or dispose of such certificate, subject to (1) the general conditions and procedures provided in the Plan and this Agreement and (2) the applicable restrictions and procedures of federal and state securities laws. During each applicable Restriction Period, the shares of Restricted Stock that are not yet vested are not transferable by the Officer by means of sale, assignment, exchange, pledge or otherwise.
Certificates Issued. The stock certificate(s) evidencing the Restricted Stock shall be issued and registered on the Company’s books in the name of the Director as of the date hereof. Upon expiration of the Restriction Period set forth above with respect to any shares of Restricted Stock, the Company shall, upon the request of the Director, cause a stock certificate or certificates, without legend, covering the requisite number of vested shares of Restricted Stock which are no longer subject to the Restriction Period, to be registered on the Company’s books in the name of the Director and delivered to the Director within thirty (30) days after such request. Upon receipt of such stock certificate(s) without the restricted stock legend, the Director shall be free to hold or dispose of such certificate(s), subject to (1) the general conditions and procedures provided in the Plan and this Agreement and (2) the applicable restrictions and procedures of federal and state securities laws.
Certificates Issued. The stock certificates evidencing the Restricted Stock shall be registered on the Company's books in the name of the Officer as of the date hereof. Upon vesting of any part of the shares of Restricted Stock prior to any event of forfeiture under paragraph 3, by virtue of expiration of a Restriction Period set forth above or under paragraph 3 of this Agreement, the Company shall cause a stock certificate, without such restricted stock legend to be issued covering the requisite number of vested shares of the Company's Common Stock, registered on the Company's books in the name of the Officer, within thirty (30) days after such vesting. Upon receipt of such stock certificate(s) without the restricted stock legend, the Officer is free to hold or dispose of such certificate, subject to (1) the general conditions and procedures provided in the Plan and this Agreement and (2) the applicable restrictions and procedures of the securities laws of the United States of America and the Commonwealth of Virginia. During each applicable Restriction Period, the shares of Restricted Stock that are not yet vested are not transferable by the Officer by means of sale, assignment, exchange, pledge, or otherwise.
Certificates Issued. The stock certificates evidencing the Restricted Stock shall be issued and registered on the Company’s books in the name of the Director as of the date hereof. Upon expiration of the Restriction Period set forth above, the Company shall cause a stock certificate or certificates, without such restricted stock legend, covering the requisite number of vested shares of the Company’s Common Stock, registered on the Company’s books in the name of the Director to be delivered to the Director, within thirty (30) days after such vesting. Upon receipt of such stock certificate(s) without the restricted stock legend, the Director is free to hold or dispose of such certificate, subject to (1) the general conditions and procedures provided in the Plan and this Agreement and (2) the applicable restrictions and procedures of federal and state securities laws.
Certificates Issued. The stock certificates evidencing the Restricted Stock shall be issued and registered on the Company’s books in the name of the Consultant as of the date hereof. The Company shall cause a stock certificate or certificates, without a restricted stock legend, covering the requisite number of vested shares of the Company’s Common Stock, registered on the Company’s books in the name of the Consultant to be delivered to the Consultant, within thirty (30) days after such vesting. Upon receipt of such stock certificate(s), the Consultant is free to hold or dispose of such certificate, subject to (1) the general conditions and procedures provided in the Plan and this Agreement, (2) the applicable restrictions and procedures of federal and state securities laws and (3) the obligation of the Consultant to return to the Company the certificate in the event of any forfeiture of a portion of the award as provided in paragraph 2(b) above.