Uncertificated Form Clause Samples
The "Uncertificated Form" clause defines that certain securities or interests will be issued and held without physical certificates, existing only as electronic records. In practice, this means ownership and transfers are tracked through electronic systems or registers, rather than by exchanging paper documents. This approach streamlines the process of managing securities, reduces administrative burdens, and minimizes the risk of loss or forgery associated with physical certificates.
Uncertificated Form. The Common Interests shall be issued in an uncertificated form.
Uncertificated Form. To the extent the Shares are issued in uncertificated form, this Section 7 provides the Participant with notice that the Shares are subject to the aforementioned restrictions in satisfaction of the notice requirement set forth in Section 151(f) of the Delaware General Corporation Law.
Uncertificated Form. Notwithstanding anything to the Agreement, the shares of Buyer Stock issuable in connection with the Merger will be initially issued in uncertificated form.
Uncertificated Form. A. The shares of Restricted Stock granted hereby shall be issued in uncertificated form. The Restricted Stock will be recorded in the name of the Director on the books and records of the Company’s transfer agent (“Book Entry”) and noted as restricted. Such shares may not be transferred or otherwise disposed of without the prior consent and authorization of the Company.
B. Within a reasonable time after the vesting restrictions set forth in Section 2 have lapsed or are removed by the Committee, the Company will either (i) cause the applicable Book Entry to be transferred to unrestricted form or (ii) deliver to the Director a certificate representing the Restricted Stock, free of any restrictions. The issuance of such certificate or the transfer of the applicable Book Entry to unrestricted form shall not affect any restrictions upon the transferability of such shares pursuant to applicable law or otherwise.