Form of Stock Power Clause Samples
The "Form of Stock Power" clause defines the specific format and requirements for a document that transfers ownership of stock from one party to another. Typically, this clause outlines the necessary information and signatures needed on the stock power, such as the name of the transferor, transferee, and the number of shares involved. It may also specify that the stock power must be delivered in a form acceptable to the corporation or its transfer agent. The core function of this clause is to ensure that stock transfers are executed in a legally valid and standardized manner, thereby reducing the risk of disputes or invalid transfers.
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Form of Stock Power. FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto , the number of shares of common stock of , a (the “Company”), standing in the name of the undersigned on the books of said Company represented by the certificate having the certificate number and to which this Stock Power is attached, and does hereby irrevocably constitute and appoint , as attorney-in-fact of the undersigned to transfer said shares on the books of the Company with full power of substitution in the premises. Dated: [NAME OF PLEDGOR] By: Name: Title: In presence of: Witness 2 Original Counterparts of this Stock Power to be executed will equal the number of Stock Certificates pledged (e.g., one Stock Power per Certificate). FORM OF IRREVOCABLE PROXY3 The undersigned hereby constitutes and appoints CITIBANK, N.A., as the Pari Passu Collateral Agent for the Pari Passu Secured Parties, in its capacity as Pledgee, under the Share Pledge Agreement hereinafter referred to, its attorney and proxy to appear, vote and otherwise act, all in the name, place and stead of the undersigned in the same manner that the undersigned might do and with the same powers, with respect to all of the shares of stock of [ ], a [ ] (the “Company”), owned or hereafter acquired by the undersigned, at any and all meetings of shareholders of the Company, on any and all matters, questions and resolutions that may come before such meetings, including, but not limited to, the election of directors, or at any adjournment or adjournments thereof, or to consent on behalf of the undersigned in the absence of a meeting to anything that might have been voted on at such a meeting. This irrevocable proxy is coupled with an interest, is given in connection with a pledge pursuant to a Share Pledge Agreement dated [ ] [ ], 20[ ] (as amended, modified or supplemented, the “Pledge Agreement”), is subject to the rights of the undersigned as a Pledgor set forth in Section 6(a) of the Pledge Agreement and is irrevocable. It shall continue in effect so long as the debt for which the pledge is granted as security remains unpaid. The attorney and proxy named herein is hereby given full power of substitution and revocation and may act through such agents, nominees or substitute attorneys as it may from time to time appoint. The powers of such attorney and proxy shall include (without limiting its general powers hereunder) the power to receive and waive any notice of any meeting on behalf of each of the undersigned. [NAM...
Form of Stock Power. FOR VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the undersigned seller (“Assignor”) hereby assigns, transfers, and conveys to RockBridge Resources Inc., a corporation organized under the laws of British Columbia, Canada (“Assignee”), all of Assignor’s right, title, and interest in and to _________________________ shares of Class A Common Stock, par value $0.0001 per share (the “Shares”), of Harvest Enterprises, Inc., a Delaware corporation (the “Company”), which shares are uncertificated, and hereby irrevocably appoints each of the Secretary and the Chief Executive Officer of the Company, as Assignor’s attorneys-in-fact to transfer said Shares on the books of the Company, with full power of substitution in the premises. Assignor, in connection with Assignor’s assignment of the Shares, does hereby warrant, covenant and agree with the Assignee that immediately prior to this Agreement:
Form of Stock Power. FOR VALUE RECEIVED, hereby sell(s), assign(s) and transfer(s) unto
Form of Stock Power. Stock Power
Form of Stock Power. FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto the Shares, as defined in that certain Stock Option Agreement dated as of ____________ (the "Option Agreement") by and among the undersigned, Green Mountain Coffee Roasters, Inc. and Venture Law, Inc., of Keurig, Incorporated, and does hereby irrevocably constitute and appoint __________________ as his or her Attorney-in-Fact to transfer said shares on the books of said corporation with full power to act alone, including full power of substitution in the premises. IN ADDITION, the undersigned, does hereby certify, that the representations and warranties made by the undersigned in the Option Agreement were accurate in all material respects as of the date thereof and are accurate as of the date hereof and the undersigned has performed or complied with each of the covenants, agreements and conditions required to be performed or complied with by it on or prior to the date hereof. Dated: _________ _________________________________ Print Seller's Name _________________________________ Signature _________________________________ Title, in the case of an entity
Form of Stock Power. FOR VALUE RECEIVED, [ ] does hereby sell, assign, and transfer unto [ ] ( ) shares of the Common Stock of TVI Corporation (the “Corporation”) standing in his name on the books of said Corporation represented by Certificate No. [ ] herewith and does hereby irrevocably constitute and appoint the Secretary of the Corporation attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. Dated: November [ ], 2005. In Presence of: ____________________ EXHIBIT H THIS RESEARCH AND DEVELOPMENT AGREEMENT (the “Agreement”), is entered into under seal as of the day of November, 2005 among Safety Tech International, Inc., a Maryland corporation, or its affiliated designee (“STI”), Safety Tech AG, a Swiss corporation (“STAG”), ▇▇▇▇ ▇▇▇▇▇▇, a Swiss resident and principal of STAG (“▇▇▇▇▇▇” or the “Principal”), (STAG and ▇▇▇▇▇▇ each, a “STAG Party,” collectively, the “STAG Parties”)(STI, STAG and ▇▇▇▇▇▇ each, a “Party,” collectively, the “Parties”).
Form of Stock Power. TO BE COMPLETED BY HOLDERS OF COMPANY STOCK