Common use of Stock Splits and Stock Dividends Clause in Contracts

Stock Splits and Stock Dividends. The restrictions on the Transfer of Parent Common Stock covered by this Agreement shall also apply to any securities issued to Restricted Stockholder in the event of a stock dividend or distribution, a forward or a reverse stock split or other reclassification of shares of Parent Common Stock to the extent and for the duration that the shares of Parent Common stock with respect to which such securities were issued are subject to the Transfer restrictions hereunder.

Appears in 1 contract

Sources: Share Transfer Restriction Agreement (Lectec Corp /Mn/)

Stock Splits and Stock Dividends. The restrictions on the Transfer of Parent Common Stock covered by this Agreement shall also apply to any securities issued to Restricted Significant Stockholder in the event of a stock dividend or distribution, a forward or a reverse stock split split, or other otherwise reclassification of shares of Parent Common Stock to the extent and for the duration that the shares of Parent Common stock with respect to which such securities were issued are subject to the Transfer restrictions hereunder.

Appears in 1 contract

Sources: Share Transfer Restriction Agreement (Ats Medical Inc)