Common use of Surrender of Shares Clause in Contracts

Surrender of Shares. Concurrent with the execution of this Agreement, the Stockholder will execute an Escrow Agreement authorizing the Escrow Agent to take the actions contemplated by this Agreement on behalf of the Stockholder and will surrender the certificates representing his Shares to the Escrow Agent to be held pursuant to the Escrow Agreement. The Stockholder agrees that Company may instruct the transfer agent for the Common Stock to place a stop transfer order against any attempt to transfer the Shares except in accordance with the Escrow Agreement and this Agreement.

Appears in 8 contracts

Sources: Stockholder Option Agreement (United Parcel Service Inc), Stockholder Option Agreement (United Parcel Service Inc), Stockholder Option Agreement (Fritz Companies Inc)

Surrender of Shares. Concurrent with the execution of this Agreement, the Stockholder will execute an Escrow Agreement authorizing the Escrow Agent to take the actions contemplated by this Agreement on behalf of the Stockholder and will surrender the certificates representing his Shares to the Escrow Agent to be held pursuant to the Escrow Agreement. The Stockholder agrees that Company may instruct the transfer agent for the Common Stock to place a stop transfer order against any attempt to transfer the Shares except in accordance with the Escrow Agreement and this Agreement.Escrow

Appears in 3 contracts

Sources: Stockholder Option Agreement (United Parcel Service Inc), Stockholder Option Agreement (United Parcel Service Inc), Stockholder Option Agreement (Fritz Companies Inc)

Surrender of Shares. Concurrent with the execution of this Agreement, the Stockholder each Shareholder will execute an Escrow Agreement authorizing the Escrow Agent to take the actions contemplated by this Agreement on behalf of the Stockholder Shareholders and will surrender the certificates representing his Shares to the Escrow Agent to be held pursuant to the Escrow Agreement. The Stockholder Each Shareholder agrees that the Company may instruct the transfer agent for the Common Stock to place a stop transfer order against any attempt to transfer the Shares except in accordance with the Escrow Agreement and this Agreement.

Appears in 2 contracts

Sources: Shareholder Agreement (Rockford Industries Inc), Shareholders Option Agreement (American Express Co)

Surrender of Shares. Concurrent with the execution of this Agreement, the Stockholder will execute an Escrow Agreement authorizing the Escrow Agent to take the actions contemplated by this Agreement on behalf of the Stockholder and will surrender the certificates representing his Shares to the Escrow Agent to be held pursuant to the Escrow Agreement. The Stockholder agrees that Company may instruct the transfer agent for the Common Stock to place a stop transfer order against any attempt to transfer the Shares except in accordance with the Escrow Agreement and this Agreement.the

Appears in 1 contract

Sources: Stockholder Option Agreement (United Parcel Service Inc)

Surrender of Shares. Concurrent with the execution of this Agreement, the Stockholder will execute an Escrow Agreement authorizing Each Shareholder authorizes the Escrow Agent to take the actions contemplated by this Agreement on behalf of the Stockholder Shareholder and will surrender surrenders the certificates representing his Shares to the Escrow Agent to be held in escrow pursuant to the Escrow terms of this Agreement. The Stockholder Each Shareholder agrees that the Company may instruct the transfer agent for the Common Stock common stock to place a stop transfer order against any attempt to transfer the Shares except in accordance with the Escrow Agreement and this Agreement.

Appears in 1 contract

Sources: Share Escrow Agreement (EVO Transportation & Energy Services, Inc.)