Stock Delivery Clause Samples
The Stock Delivery clause defines the process and obligations for transferring shares or stock from one party to another under an agreement. Typically, it outlines the timing, method, and documentation required for the delivery, such as electronic transfer through a clearing system or physical delivery of share certificates. This clause ensures that both parties understand how and when the stock will be delivered, thereby reducing the risk of disputes and ensuring a smooth completion of the transaction.
Stock Delivery. Within ten (10) days of the date of this Award Agreement, the Company will cause the Restricted Stock to be issued in the Grantee’s name either by book-entry registration or issuance of a stock certificate. While the Restricted Stock remains forfeitable, the Company will cause an appropriate stop-transfer order to be issued and to remain in effect with respect to the Restricted Stock. Any stock certificate evidencing any Restricted Stock shall contain such legends and stock transfer instructions or limitations as may be determined or authorized by the Committee in its sole discretion; and the Company may, in its sole discretion, retain custody of any such certificate throughout the period during which any restrictions are in effect and require that the Grantee tender to the Company a stock power duly executed in blank relating thereto as a condition to issuing any such certificate.
Stock Delivery. The Company may, in its discretion, provide the Optionholder with the election to deliver to the Company, at the time the Option is exercised, one or more shares of Common Stock previously acquired by the Optionholder (other than pursuant to the transaction triggering the Taxes) with an aggregate fair market value equal to the percentage (not to exceed 100 percent) of the Taxes incurred in connection with such Option exercise.
Stock Delivery. The Committee may, in its discretion, provide the Grantee with the election to deliver to the Company, on the Issue Date for any RSU, one or more shares of Common Stock previously acquired by the Grantee (other than pursuant to the transaction triggering the Taxes) with an aggregate Fair Market Value equal to the percentage of the Taxes incurred in connection with such vesting of RSUs (not to exceed 100 percent of such Taxes), as designated by the Grantee.
Stock Delivery. The election to deliver to the Corporation, at the time the Non-Statutory Option is exercised or the shares vest, one or more shares of Common Stock previously acquired by such holder (other than in connection with the option exercise or share vesting triggering the Taxes) with an aggregate Fair Market Value equal to the percentage of the Taxes (not to exceed one hundred percent (100%)) designated by the holder.
Stock Delivery. Optionee is hereby granted the election to deliver, at the time the option is exercised, one or more shares of Common Stock previously acquired by Optionee (other than in connection with the acquisition triggering the Taxes) with an aggregate Fair Market Value not to exceed one hundred percent (100%) of the Taxes. Any such exercise of the election must be effected in accordance with the following terms and conditions:
(i) The election must be made on or before the Tax Determination Date for the Taxes.
(ii) The election shall be irrevocable.
(iii) The election shall be subject to the approval of the Plan Administrator, and none of the delivered shares of Common Stock shall be accepted in satisfaction of the Taxes, except to the extent the election is approved by the Plan Administrator.
(iv) The shares of Common Stock delivered in satisfaction of the Taxes shall be valued at Fair Market Value on the Tax Determination Date.
(v) In no event may the number of delivered shares exceed in Fair Market Value the dollar amount of the Taxes.
Stock Delivery. The Committee may, in its discretion, provide the Grantee with the election to deliver to the Company, on the Vesting Date for any Share, one or more shares of Common Stock previously acquired by the Grantee (other than pursuant to the transaction triggering the Taxes) with an aggregate Fair Market Value equal to the percentage of the Taxes incurred in connection with such vesting of Shares (not to exceed 100 percent of such Taxes), as designated by the Grantee.
Stock Delivery. Participant is hereby granted the election to deliver vested shares of Common Stock previously acquired by Participant (other than in connection with the share issuance or share vesting triggering the Taxes) with an aggregate Fair Market Value not to exceed one hundred percent (100%) of the Taxes incurred by Participant either at the time the Shares are initially issued pursuant to the Issuance Agreement (in the event Participant elects to be taxed on the Shares at such time in accordance with Internal Revenue Code Section 83(b)) or at the time the Purchased Shares subsequently vest. Any such exercise of the election must be effected in accordance with the following terms: (i) The election must be made on or before the Tax Determination Date.
Stock Delivery the Company may, in its discretion, provide Antioco with the election to deliver to the Company, at the time the Option is exercised, one or more shares of Common Stock previously acquired by Antioco (other than pursuant to the transaction triggering the Taxes) with an aggregate fair market value equal to the percentage of the taxes incurred in connection with such Option exercise (not to exceed 100 percent) designated by Antioco.
Stock Delivery. The election to deliver to the Corporation, at the time the Option is exercised, one or more shares of Common Stock previously acquired by such holder (other than in connection with the Option exercise triggering the Withholding Taxes). So as to avoid adverse accounting treatment, the number of shares that may be withheld for this purpose may not exceed the minimum number needed to satisfy the applicable income and employment tax withholding rules.
Stock Delivery. Optionee is hereby granted the election to deliver, at the time the option is exercised, one or more shares of Common Stock previously acquired by Optionee (other than in connection with the acquisition triggering the Taxes) with an aggregate Fair Market Value not to exceed one hundred percent (100%) of the Taxes. Any such exercise of the election must be effected in accordance with the following terms and conditions:
a. The election must be made on or before the Tax Determination Date for the Taxes.
b. The election shall be irrevocable.
c. The election shall be subject to the approval of the Plan Administrator, and none of the delivered shares of Common Stock shall be accepted in satisfaction of the Taxes, except to the extent the election is approved by the Plan Administrator.
d. The shares of Common Stock delivered in satisfaction of the Taxes shall be valued at Fair Market Value on the Tax Determination Date.