Qualifying Shares. From time to time the Employee may be asked to be the record holder of one or more shares of one or more subsidiaries of the Company for the purpose of satisfying various regulatory requirements. The Employee acknowledges that he shall have no beneficial interest in such shares and agrees that upon request of the Company he will transfer such shares to the Company for $1.
Appears in 2 contracts
Sources: Employment Agreement (Amx Corp), Employment Agreement (Amx Corp)