Common use of Grantee’s Rights Clause in Contracts

Grantee’s Rights. Except as otherwise provided herein, Grantee, as owner of the Shares, shall have all rights of a stockholder, including, but not limited to, the right to receive all dividends paid on Shares and the right to vote the Shares. Dividends payable on Shares that are subject to restrictions imposed by subparagraph 2.a. shall be paid to the Grantee at the same time as such dividends are paid to other shareholders; provided, that shares of Common Stock dividends in the nature of a stock split shall be subject to all of the restrictions that apply to the Shares with respect to which such dividends are paid until all of the restrictions applicable to such Shares have terminated or otherwise have been removed.

Appears in 4 contracts

Samples: Restricted Stock Agreement (TCF Financial Corp), Restricted Stock Agreement (TCF Financial Corp), Restricted Stock Agreement (TCF Financial Corp)

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Grantee’s Rights. Except as otherwise provided herein, Grantee, as owner of the Shares, shall have all rights of a stockholder, including, but not limited to, the right to receive all dividends paid on Shares and the right to vote the Shares. Dividends payable on Shares that are subject to restrictions imposed by subparagraph 2.a. paragraph 2(a) shall be paid to the Grantee at the same time as such dividends are paid to other shareholders; provided, that shares of Common Stock dividends in the nature of a stock split shall be subject to all of the restrictions that apply to the Shares with respect to which such dividends are paid until all of the restrictions applicable to such Shares have terminated or otherwise have been removed.

Appears in 2 contracts

Samples: Restricted Stock Agreement (TCF Financial Corp), Restricted Stock Agreement (TCF Financial Corp)

Grantee’s Rights. Except as otherwise provided herein, Grantee, as owner of the Shares, shall have all rights of a stockholder, including, but not limited to, the right to receive all dividends paid on Shares and the right to vote the Shares. Dividends payable on Shares that are subject to restrictions imposed by subparagraph 2.a. 2.(a) shall be paid to the Grantee at the same time as such dividends are paid to other shareholdersstockholders; provided, that shares of Common Stock distributed in dividends (in the nature of a stock split split) shall be subject to all of the restrictions that apply to the Shares with respect to which such dividends are paid until all of the restrictions applicable to such Shares have terminated or otherwise have been removed.

Appears in 1 contract

Samples: Restricted Stock Agreement (TCF Financial Corp)

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Grantee’s Rights. Except as otherwise provided herein, Grantee, as owner of the Shares, shall have all rights of a stockholder, including, but not limited to, the right to receive all dividends paid on Shares and the right to vote the Shares. Dividends payable on Shares that are subject to restrictions imposed by subparagraph 2.a. the Restrictions shall be paid to the Grantee at the same time as such dividends are paid to other shareholders; provided, that shares of Common Stock issued in payment of such dividends in the nature of a stock split shall be subject to all of the restrictions Restrictions that apply to the Shares with respect to which such dividends are paid until all of the restrictions Restrictions applicable to such Shares have terminated lapsed or otherwise have been removed.

Appears in 1 contract

Samples: Restricted Stock Agreement (TCF Financial Corp)

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