Share Dividends. In case the Trustee shall receive, as a dividend or other distribution upon any shares of stock held by him under this Agreement, any additional shares of the Company, the Trustee shall hold the same subject to this Agreement for the benefit of the Certificate Holder, and said shares shall be and become subject to all of the terms and conditions hereof to the same extent as if originally deposited hereunder. The Trustee may, in his discretion, issue Voting Trust Certificates in respect of such shares to the Certificate Holders of record at the close of business on the record date determined pursuant to the provisions of Section 5.06.
Appears in 2 contracts
Sources: Termination of Voting Trust Agreement (Ontro Inc), Voting Trust Agreement (Ontro Inc)
Share Dividends. In case the Trustee shall receive, as a dividend or other distribution upon any shares of stock held by him under this Agreement, any additional shares of the Company, the Trustee shall hold the same subject to this Agreement for the benefit of the Certificate Holder, and said shares shall be and become subject to all of the terms and conditions hereof to the same extent as if originally deposited hereunder. The Trustee may, in his discretion, issue Voting Trust Certificates in respect of such shares to the Certificate Holders Holder of record at the close of business on the record date determined pursuant to the provisions of Section 5.06.
Appears in 1 contract
Sources: Voting Trust Agreement (Ontro Inc)