Type of Stock Sample Clauses

The 'Type of Stock' clause defines the specific class or category of shares being issued or referenced in an agreement. It typically clarifies whether the stock is common, preferred, or another class, and may outline distinguishing features such as voting rights, dividend preferences, or conversion privileges. By specifying the type of stock, this clause ensures all parties understand the rights and obligations attached to the shares, thereby preventing misunderstandings and disputes regarding ownership interests.
Type of Stock. Option This Option is not an incentive stock option under section 422 of the Interal Revenue Code and will be interpreted accordingly.
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Type of Stock. Percentage of ---------------------------- Pledgor No. of Shares Certificate No. Total Outstanding Shares ------- ------------- --------------- ---------------------------- NovaCare, Inc. 19,400,000 50 Common; 75.07% 182 EXHIBIT 1.1(P)(2) FORM OF PLEDGE AGREEMENT (SUBSIDIARIES PLEDGING STOCK) THIS PLEDGE AGREEMENT (the "Agreement"), dated November 17, 1997, is made and entered into by and between each Subsidiary of NovaCare Employee Services, Inc. a Delaware corporation (the "Borrower") identified on Schedule 1 attached hereto and made a part hereof (collectively the "Pledgors" and each individually a "Pledgor") and PNC BANK, NATIONAL ASSOCIATION in its capacity as Agent (the "Secured Party").
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Type of Stock. Shares of Stock delivered by the Company under the Plan may be authorized but unissued shares of Stock or previously issued shares of Stock acquired by the Company. Unless the Administrator determines otherwise, no fractional shares of Stock shall be issued with respect to an Award.
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Type of Stock. This Warrant shall be exercisable for shares of Common Stock (such shares, the "Warrant Stock").
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Type of Stock. The Options will be to purchase Class A ------------- common stock of CNC. CNC agrees to file, by the date the lock-up period described in (e) below expires, a registration statement on Form S-8 registering such shares, so that any such shares shall be freely tradeable upon issuance which contain no restrictions whatsoever restricting the sale of said stock on the open market after such time as CNC makes an initial public offering.
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Type of Stock. Common Stock
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Related to Type of Stock

  • Sale of Stock Subject to the terms and conditions of this Agreement, ------------- on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, 960,000 shares of the Company's Common Stock (the "Shares") at a purchase price of $0.01 per Share ------ for a total purchase price of $9,600.00. The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.

  • Purchase of Stock 2 Section 1.1

  • Issuance of Stock (a) No shares of Stock shall be issued to you prior to the date on which the Restricted Stock Units vest and the restrictions, including the Forfeiture Restrictions, with respect to the Restricted Stock Units lapse, in accordance with Section 6 or 7. After the Restricted Stock Units vest pursuant to Section 6 or 7, as applicable, the Company shall, subject to any conditions described in subsection (b) below, promptly and within 30 days of such vesting date, cause to be issued Stock registered in your name in payment of such vested Restricted Stock Units upon receipt by the Company of any required tax withholding. Such issuance shall be made as soon as administratively practicable, but may be delayed, in the sole discretion of the Committee, if required by applicable securities law; provided, that, in no event shall the issuance of Stock be made later than March 15th of the year following the year of vesting, or as otherwise may be permitted under Treasury Regulation § 1.409A-1(b)(4)(ii). The Company shall evidence the Stock to be issued in payment of such vested Restricted Stock Units in the manner it deems appropriate. The value of any fractional Restricted Stock Units shall be rounded down at the time Stock is issued to you in connection with the Restricted Stock Units. No fractional shares of Stock, nor the cash value of any fractional shares of Stock, will be issuable or payable to you pursuant to this Agreement. The value of such shares of Stock shall not bear any interest owing to the passage of time. Neither this Section 5 nor any action taken pursuant to or in accordance with this Section 5 shall be construed to create a trust or a funded or secured obligation of any kind. (b) You hereby acknowledge that by accepting this Award, the issuance of Stock pursuant to the settlement of your Restricted Stock Units pursuant to this Agreement shall be subject to all the terms and conditions of any Management Stockholder’s Agreement and Sale Participation Agreement previously executed by you, as such forms may be modified under the terms of such agreements; provided, however, that if you have not previously executed a Management Stockholder’s Agreement and/or a Sale Participation Agreement with the Company, you agree that, prior to the Company’s issuance of Stock to you pursuant to this Agreement, you will execute such documents in the form required by the Company. All Stock issued to you pursuant to this Agreement will (a) constitute “Stock” (as such term is defined in the Management Stockholder’s Agreement) for all purposes under the Management Stockholder’s Agreement, and (b) be treated as “Common Stock” underlying “Options” (as such terms are defined in the Sale Participation Agreement) for all purposes under the Sale Participation Agreement. (c) The shares of Stock deliverable upon vesting of the Restricted Stock Units, may be either previously authorized but unissued shares or issued shares, which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable.

  • Reservation of Stock The Company will at all times reserve and keep available, solely for issuance and delivery upon the exercise of this Warrant, such number of Warrant Shares and other securities, cash and/or property, as from time to time shall be issuable upon the exercise of this Warrant.

  • Issuance of Shares of Stock As soon as practicable following each Vesting Date (but in no event later than two and one-half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units that have vested pursuant to Paragraph 2 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares.