Grant Holder definition
Examples of Grant Holder in a sentence
Following the Date of Grant, Holder shall have such voting rights, if any, as are provided to the holders of Common Units under the Partnership Agreement or as provided under applicable law.
On the Date of Grant, Holder shall, if requested by the Company, deliver to the Company one or more stock powers, endorsed in blank, relating to the Restricted Shares.
If, on Vesting of this Stock Grant, Holder would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, such fractional share shall be disregarded and the number of shares of Common Stock issuable upon Stock Grant shall be the next higher number of shares.
No fractional shares or scrip representing fractional shares shall be issuable upon the Vesting of this Stock Grant, but on the Vesting of this Stock Grant, Holder may receive only a whole number of shares of Common Stock.
Upon Holder’s sale of shares constituting the Stock Grant, Holder shall use commercially reasonable efforts to immediately remit the proceeds of such sale of shares to Parent in payment of any payment obligations under the Holder Loan.