Common use of Future Shares Clause in Contracts

Future Shares. Before any additional shares of the Corporation are issued in the future to any person, other than a signatory to this Agreement, such person and such person's spouse shall be required to become a party to, and to execute, acknowledge, seal and deliver a copy of, this Agreement prior to the issuance of such shares, and the certificates therefor shall be legended as provided herein; thereafter, such person shall be deemed to be a "Shareholder" for all purposes of this Agreement.

Appears in 2 contracts

Sources: Shareholders Agreement, Shareholder Agreement (Pf Management Inc)