Common use of Legend on Stock Clause in Contracts

Legend on Stock. During the term of this Agreement, each certificate representing shares or Common Stock or capital stock of the Company now or hereafter owned by D'Amato shall bear the following legend: "THIS CERTIFICA▇▇ ▇▇ ▇ELD SUBJECT TO A SHAREHOLDERS' AGREEMENT DATED JULY 13, 2000 (THE "AGREEMENT"), A COPY OF WHICH IS IN THE POSSESSION OF THE COMPANY AT ITS PRINCIPAL OFFICE. ANY TRANSFER, HYPOTHECATION, VOTING OR ACQUISITION OF THE COMPANY'S CAPITAL STOCK IS RESTRICTED BY SUCH AGREEMENT AND ANY CORPORATE ACTION IN VIOLATION OF SUCH AGREEMENT IS NULL AND VOID. THE AGREEMENT IS AUTOMATICALLY BINDING UPON ANY AND ALL PERSONS WHO ACQUIRE CAPITAL FROM THE NAMED HOLDER.

Appears in 1 contract

Sources: Shareholders Agreement (Tisi Christopher)

Legend on Stock. During the term of this Agreement, each certificate representing shares or Common Stock or capital stock of the Company now or hereafter owned by D'Amato ▇'▇▇▇▇▇ shall bear the following legend: "THIS CERTIFICA▇▇ ▇▇ ▇ELD CERTIFICATE IS HELD SUBJECT TO A SHAREHOLDERS' AGREEMENT DATED JULY 13, 2000 (THE "AGREEMENT"), A COPY OF WHICH IS IN THE POSSESSION OF THE COMPANY AT ITS PRINCIPAL OFFICE. ANY TRANSFER, HYPOTHECATION, VOTING OR ACQUISITION OF THE COMPANY'S CAPITAL STOCK IS RESTRICTED BY SUCH AGREEMENT AND ANY CORPORATE ACTION IN VIOLATION OF SUCH AGREEMENT IS NULL AND VOID. THE AGREEMENT IS AUTOMATICALLY BINDING UPON ANY AND ALL PERSONS WHO ACQUIRE CAPITAL FROM THE NAMED HOLDER.

Appears in 1 contract

Sources: Shareholders' Agreement (Pomerantz Steven A)