Source of Shares Sample Clauses
The 'Source of Shares' clause defines where the shares to be issued or transferred under an agreement will come from. It typically specifies whether the shares will be newly issued by the company, purchased from existing shareholders, or acquired from another specified source. For example, in a stock option plan, this clause clarifies if exercised options will be satisfied by issuing new shares or by using treasury shares. Its core function is to ensure transparency and avoid disputes by clearly identifying the origin of the shares involved in the transaction.
Source of Shares. The stock issuable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market or otherwise.
Source of Shares. Upon any conversion of the RSUs as provided in Paragraph 3.2, the Shares delivered to you shall be from a trust established pursuant to applicable Canadian law.
Source of Shares. Shares of Common Stock issued by the Company in settlement of Awards may be authorized and unissued shares of Common Stock, shares of Common Stock held in the treasury of the Company, shares of Common Stock purchased on the open market or by private purchase, or a combination of the foregoing.
Source of Shares. Upon the award of Restricted Shares and when a Performance Share is earned, the Company may issue authorized but unissued shares of Common Stock. Upon the exercise of an Option or SAR, the Company may deliver to the Participant (or the Participant's broker if the Participant so directs), authorized but unissued Common Stock.
Source of Shares. Upon any conversion of the RSUs as provided in Paragraph 3.2, the Shares delivered to you shall be Shares that are newly issued by the Company or held by the Company as treasury shares.
Source of Shares. Upon the exercise of an Option, the Company shall deliver to the Participant authorized but previously unissued Stock.
Source of Shares. The Common Stock to be issued under this Plan will be made available, at the discretion of the Administrator, either from authorized but unissued shares of Common Stock or from previously issued shares of Common Stock reacquired by the Company, including shares purchased on the open market.
Source of Shares. 5 5.2 Maximum Number of Shares............................................... 5 5.3 Forfeitures............................................................ 5 i
Source of Shares. The shares of Common Stock issued upon the exercise of an Option shall be made available, in the discretion of the Board, either from the authorized but unissued shares of Common Stock or from any outstanding shares of Common Stock which have been reacquired by the Company.
Source of Shares. Upon the exercise of an Option the Company shall deliver to the Participant authorized but previously unissued Common Stock or Common Stock that is held by the Company in treasury; provided, however, any Award may be settled in cash at the discretion of the Committee as provided in Paragraphs 6.3.3 and 7.3.