Common use of Shares of Clause in Contracts

Shares of. Common Stock issuable by way of dividend or other distribution on any stock of the Company shall be deemed to have been issued immediately after the opening of business on the day following the record date for the determination of stockholders entitled to receive such dividend or other distribution and shall be deemed to have been issued without consideration.

Appears in 3 contracts

Samples: LCS Golf Inc, LCS Golf Inc, Rollerball International Inc

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Shares of. Common Stock issuable by way of dividend or other distribution on any stock of the Company shall be deemed to have been issued immediately after the opening of business on the day following the record date for the determination of stockholders shareholders entitled to receive such dividend or other distribution and shall be deemed to have been issued without consideration.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Patterson Energy Inc), Warrant Agreement (Us Golf & Entertainment Inc)

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Shares of. Common Stock issuable by way of dividend or other distribution on any stock of the Company Corporation shall be deemed to have been issued immediately after the opening of business on the day following the record date for the determination of stockholders entitled to receive such dividend or other distribution and shall be deemed to have been issued without consideration.

Appears in 1 contract

Samples: License and Distribution Agreement (Network 1 Security Solutions Inc)

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