Common use of Stock Transfer Record Clause in Contracts

Stock Transfer Record. The Corporation shall keep a stock transfer book in which shall be recorded, among other things, the name and address of each of its stockholders. No transfer of any Shares shall be effective or valid unless and until recorded in such stock transfer book. The Corporation shall not record any transfer of Shares in such stock transfer book unless the transfer is in strict compliance with all provisions of this Agreement. The Executive agrees that, in the event he desires to make a transfer within the provisions hereof, he shall furnish to the Corporation such evidence of his compliance with this Agreement and that the proposed transfer may be effected without registration under the Securities Laws as from time to time may be required by the Board of Directors of, or counsel for, the Corporation.

Stock Transfer Record. The Corporation shall keep a stock transfer book in which shall be recorded, among other things, the name and address of each of its stockholders. No transfer of any Shares shall be effective or valid unless and until recorded in such stock transfer book. The Corporation shall not record any transfer of Shares in such stock transfer book unless the transfer is in strict compliance with all provisions of this Agreement. The Executive Investor agrees that, in the event he desires to make a transfer within the provisions hereof, he shall furnish to the Corporation such evidence of his compliance with this Agreement and that the proposed transfer may be effected without registration under the Securities Laws as from time to time may be required by the Board of Directors of, or counsel for, the Corporation.