Example ContractsClausesissuance of shares of stockIdentical
Issuance of Shares of Stock
Issuance of Shares of Stock contract clause examples

Issuance of Shares of Stock. Subject to the provisions of Section 6.3, the Company shall issue to the Participant on the Settlement Date with respect to each Vested Unit to be settled on such date one (1) share of Stock. The Settlement Date with respect to a Unit shall be the date on which such Unit becomes a Vested Unit as provided by the Grant Notice (an “Original Settlement Date”); provided, however, that if the tax withholding obligations of a Participating Company, if any, will not be satisfied by the share withholding method described in Section 7.3 and the Original Settlement Date would occur on a date on which a sale by the Participant of the shares to be issued in settlement of the Vested Units would violate the Trading Compliance Policy of the Company, then the Settlement Date for such Vested Units shall be deferred until the next day on which the sale of such shares would not violate the Trading Compliance Policy, but in any event on or before the 15th day of the third calendar month following calendar year of the Original Settlement Date. Shares of Stock issued in settlement of Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 6.3, Section 7 or the Company’s Trading Compliance Policy.

Adaptive Biotechnologies Corp (ADPT) (CIK 0001478320)
Source: SEC EDGAR database • Date: August 13, 2019 • SIC: 2836 • CIK: 2836
ON24 INC. (ONTF) (CIK 0001110611)
Source: SEC EDGAR database • Date: March 30, 2021 • SIC: 7372 • CIK: 7372

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