Common use of Endorsement on Certificates Clause in Contracts

Endorsement on Certificates. Upon the execution of this Agreement, the certificates of Stock subject hereto shall be surrendered to the Corporation and endorsed as follows: "This certificate is transferable only upon compliance with the provisions of a Stockholders' Agreement dated as of the 29th day of May, 1997, between and among the Corporation and certain of its stockholders, a copy of which is on file in the office of the Secretary of the Corporation." After endorsement, the certificates shall be returned to the Stockholders, who shall, subject to the terms of this Agreement, be entitled to exercise all rights of ownership of such Stock.