New Stock Certificate Clause Samples

The New Stock Certificate clause outlines the process for issuing a replacement stock certificate when the original has been lost, destroyed, or otherwise rendered unusable. Typically, this clause specifies the conditions under which a shareholder may request a new certificate, such as providing an affidavit of loss and, in some cases, a bond to protect the company from potential claims. Its core practical function is to ensure that shareholders can maintain proof of ownership and transferability of their shares, while protecting the company from fraudulent claims or duplicate certificates.
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New Stock Certificate. In the event less than all the shares represented by a certificate are converted, the Company shall promptly issue to the holder thereof a new certificate representing the unconverted shares.
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New Stock Certificate. Immediately upon consummation of the sale of Shares provided for hereunder, Nasdaq shall issue and deliver to NASD a new certificate representing the remaining 953,470 shares of Series C Stock owned by NASD.
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New Stock Certificate. The Company shall deliver to the Seller a new stock certificate representing One Hundred Eighty-Nine and Eight-Tenths (189.8) Common Shares.
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New Stock Certificate. If necessary, a new stock certificate, duly authorized and executed by Compost, and in a form that is reasonably acceptable to and approved by Lionhart's counsel, which indicates and evidences thereon, that after the sale and transfer by Lionhart to Compost of 299,822 shares of the Conversion Shares, as part of the Section 6.1 Shares, as well as all other shares of Compost Common Stock that otherwise comprise and constitute the Section 6.1 Shares, and pursuant to the terms and subject to the provisions of this Agreement, Lionhart is and remains (as of and immediately after the Closing Date) the registered owner and holder of 1,106,771 shares of the Conversion Shares (i.e., Compost Common Stock); and,
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Related to New Stock Certificate

  • Stock Certificate Please issue a certificate or certificates representing the shares in the name of: ¨ The undersigned ¨ Other—Name:

  • Stock Certificates Certificates representing the Common Stock issued pursuant to the Award will bear all legends required by law and necessary or advisable to effectuate the provisions of the Plan and this Award. The Company may place a “stop transfer” order against shares of the Common Stock issued pursuant to this Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends referred to in this Section 12 have been complied with.

  • Legend on Stock Certificates Certificates evidencing the Option Shares, to the extent appropriate at the time, shall have noted conspicuously on the certificates a legend intended to give all persons full notice of the existence of the conditions, restrictions, rights and obligations set forth herein and in the Plan.

  • Lost Warrants or Stock Certificates The Company covenants to the holder hereof that, upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant or any stock certificate and, in the case of any such loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of any such mutilation upon surrender and cancellation of such Warrant or stock certificate, the Company will make and deliver a new Warrant or stock certificate, of like tenor, in lieu of the lost, stolen, destroyed or mutilated Warrant or stock certificate.

  • STOCK AND STOCK CERTIFICATES Section 1. Shares of stock shall be transferrable on the books of the Company and a transfer book shall be kept in which all transfers of stock shall be recorded. Section 2. Certificate of stock shall bear the signature of the President or any Vice President, however denominated by the Board of Directors and countersigned by the Secretary or Treasurer or an Assistant Secretary, and the seal of the corporation shall be engraved thereon. Each certificate shall recite that the stock represented thereby is transferrable only upon the books of the Company by the holder thereof or his attorney, upon surrender of the certificate properly endorsed. Any certificate of stock surrendered to the Company shall be cancelled at the time of transfer, and before a new certificate or certificates shall be issued in lieu thereof. Duplicate certificates of stock shall be issued only upon giving such security as may be satisfactory to the Board of Directors or the Executive Committee. Section 3. The Board of Directors of the Company is authorized to fix in advance a record date for the determination of the stockholders entitled to notice of, and to vote at, any meeting of stockholders and any adjournment thereof, or entitled to receive payment of any dividend, or to any allotment or rights, or to exercise any rights in respect of any change, conversion or exchange of capital stock, or in connection with obtaining the consent of stockholders for any purpose, which record date shall not be more than 60 nor less than 10 days proceeding the date of any meeting of stockholders or the date for the payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or exchange of capital stock shall go into effect, or a date in connection with obtaining such consent.