Example ContractsClausesRemoval
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Removal of Restrictions. Except as otherwise provided in this Section 8, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed.

Removal of Legends. If, in the opinion of the Company and its counsel, any legend placed on a stock certificate representing Common Shares is no longer required, the holder of such certificate shall be entitled to exchange such certificate for a certificate representing the same number of Common Shares but lacking such legend.

Removal of Personnel. Subject to applicable laws, rules and regulations, Owners, for reasonable cause, have the right to require Service Provider to remove any employee, subcontractor, or subcontractor employee from the Site or from performing Services hereunder. Owners shall provide Service Provider the basis for the removal.

Removal of Restrictions. The Restricted Stock may not be sold or otherwise transferred (except as provided in Section 9) until the earlier of: # the third anniversary of the Grant Date; # the Termination of service as a director by reason of Retirement, disability or death in accordance with Section 10 of the Plan; or # a change of control of the Company as provided in Section 11 of the Plan.

Removal of Restrictions. Except as otherwise provided in this [Section 12], Restricted Notes covered by each Tranche A Award made under the Plan, and any Shares issued upon conversion thereof, shall be released from escrow as soon as practical after the last day of the Period of Restriction. The Administrator, in its sole discretion, may accelerate the time at which any restrictions shall lapse or be removed.

Removal of Legends. Certificates evidencing the Securities shall not be required to contain the legend set forth in Section 4(d) above or any other legend # while a registration statement covering the resale of such Securities is effective under the Securities Act, # following any sale of such Shares pursuant to Rule 144 (as defined herein) (assuming the transferor is not an affiliate of [[Organization B:Organization]]), # if such Shares are eligible to be sold, assigned or transferred under Rule 144 and [[Organization A:Organization]] is not an affiliate of [[Organization B:Organization]] (provided that [[Organization A:Organization]] provides [[Organization B:Organization]] with reasonable assurances that such Shares are eligible for sale, assignment or transfer under Rule 144 which shall not include an opinion of [[Organization A:Organization]]’s counsel), # in connection with a sale, assignment or other transfer (other than under Rule 144), provided that [[Organization A:Organization]] provides [[Organization B:Organization]] with an opinion of counsel to [[Organization A:Organization]], in a generally acceptable form, to the effect that such sale, assignment or transfer of the Securities may be made without registration under the applicable requirements of the Securities Act or # if such legend is not required under applicable requirements of the Securities Act (including, without limitation, controlling judicial interpretations and pronouncements issued by the Commission). If a legend is not required pursuant to the foregoing, [[Organization B:Organization]] shall no later than three (3) business days following the delivery by [[Organization A:Organization]] to [[Organization B:Organization]] or the transfer agent (with notice to [[Organization B:Organization]]) of a legended certificate representing such Shares (endorsed or with stock powers attached, signatures guaranteed, and otherwise in form necessary to affect the reissuance and/or transfer, if applicable), together with any other deliveries from [[Organization A:Organization]] as may be required above in this Section 4(e), as directed by [[Organization A:Organization]], either: # provided that [[Organization B:Organization]]’s transfer agent is participating in the DTC Fast Automated Securities Transfer Program, credit the aggregate number of shares of Common Stock to which [[Organization A:Organization]] shall be entitled to [[Organization A:Organization]]’s or its designee’s balance account with DTC through its Deposit/Withdrawal at Custodian system or # if [[Organization B:Organization]]’s transfer agent is not participating in the DTC Fast Automated Securities Transfer Program, issue and deliver (via reputable overnight courier) to [[Organization A:Organization]], a certificate representing such Shares that is free from all restrictive and other legends, registered in the name of [[Organization A:Organization]] or its designee. [[Organization B:Organization]] shall be responsible for any transfer agent fees or DTC fees with respect to any issuance of Shares or the removal of any legends with respect to any Shares in accordance herewith, including, but not limited to, fees for the opinions of counsel rendered to the transfer agent in connection with the removal of any legends.

Removal and Restoration. If any Alterations that require Landlord’s consent are made without the prior written consent of Landlord, then, if Landlord does not consent thereto and either an emergency condition exists, or the Lease Term has expired, or Tenant fails to commence within ten (10) days and diligently prosecute to completion, removal and correction of such Alterations and restoration of the Premises and the Building to their condition immediately prior thereto within a reasonable period following Tenant’s receipt of notice from Landlord, Landlord shall have the right, at Tenant’s reasonable expense, to so remove and correct such Alterations and restore the Premises and the Building. All Alterations to the Building made by either party, and all Alterations to the Premises (including all trade fixtures) paid for by or on behalf of Landlord (including through a tenant improvement or construction allowance) shall immediately become the property of Landlord. All Alterations shall remain upon and be surrendered with the Premises as a part thereof at the expiration or earlier termination of the Lease Term; provided, however, that # Tenant shall remove, prior to the expiration or earlier termination of the Lease Term, all movable furniture, furnishings trade fixtures and equipment installed in the Premises solely at the expense of Tenant, and # Tenant shall remove at its expense all Alterations and other items (including any telecommunications, security, data, computer and similar equipment, cabling and wiring and all moveable furniture and trade fixtures) in the Premises or the Building which Landlord requests and designates in writing for removal, which removal obligation shall survive the expiration or sooner termination of the Lease. Landlord shall make such designation within seven (7) days after receipt of a written request by Tenant given with Tenant’s request for Landlord’s approval of such Alteration (or notice of such Alteration, for Alterations which do not require Landlord’s consent hereunder). Notwithstanding the foregoing, Tenant shall not be required to remove: # Alterations consisting of reasonably standard items that are typical or substantially similar to items installed by similar tenants in multi-tenanted, multi-story, first class office buildings (such as partitions, but not interior staircases, for example) (collectively, “Ordinary Office Improvements”); and # any other item of the Landlord’s Work or Alteration made by Landlord or Tenant in initially finishing and completing the Premises in accordance with [Exhibit B], except as otherwise indicated by Landlord at the time of approval of any of Tenant’s plans. If any such removal causes damage or injury to the Premises or the Building, Tenant shall, in a good and workmanlike manner and in compliance with all applicable Laws, repair all such damage and injury to the Premises or the Building; provided, however, that if either an emergency condition exists, or the Lease Term has expired, or Tenant fails to commence within ten (10) days and repair the same within a reasonable period following Tenant’s receipt of notice from Landlord, Landlord shall have the right, at Tenant’s reasonable expense, to repair all damage and injury to the Premises or the Building caused by such removal as aforesaid. If such furniture, furnishings and equipment are not removed by Tenant prior to the expiration or earlier termination of the Lease Term, the same shall at Landlord’s option after giving Tenant seven (7) days’ prior notice be deemed abandoned or become the property of Landlord to be surrendered with the Premises as a part thereof; provided, however, that Landlord shall have the right at Tenant’s reasonable expense to remove from the Premises any or all such items or any other item or to require Tenant to do the same, except as otherwise provided in this Section. If Tenant fails to return the Premises to Landlord as required by this Section, then Tenant shall pay to Landlord all reasonable costs (including a reasonable construction management fee) actually incurred by Landlord in effectuating such return. The provisions of this paragraph shall survive the expiration or earlier termination of this Lease.

The Warrants and Warrant Shares may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of Warrants or Warrant Shares other than pursuant to an effective registration statement or Rule 144, to the Company or to an Affiliate of a Purchaser or in connection with a pledge as contemplated in Section 4.1(b), the Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Warrant under the Securities Act.

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Removal of Restrictive Legends. In the event that Purchaser has any shares of the Company’s Common Stock bearing any restrictive legends, and Purchaser, through its counsel or other representatives, submits to the Transfer Agent any such shares for the removal of the restrictive legends thereon in connection with a sale of such shares pursuant to any exemption to the registration requirements under the Securities Act, and the Company and or its counsel refuses or fails for any reason (except to the extent that such refusal or failure is based solely on applicable law that would prevent the removal of such restrictive legends) to render an opinion of counsel or any other documents or certificates required for the removal of the restrictive legends, then the Company hereby agrees and acknowledges that the Purchaser is hereby irrevocably and expressly authorized to have counsel to the Purchaser render any and all opinions and other certificates or instruments which may be required for purposes of removing such restrictive legends, and the Company hereby irrevocably authorizes and directs the Transfer Agent to, without any further confirmation or instructions from the Company, issue any such shares without restrictive legends as instructed by the Purchaser, and surrender to a common carrier for overnight delivery to the address as specified by the Purchaser, certificates, registered in the name of the Purchaser or its designees, representing the shares of Common Stock to which the Purchaser is entitled, without any restrictive legends and otherwise freely transferable on the books and records of the Company.

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Removal From Representative Boards. In the event the terminating the Executive occupies any board of directors seats solely as a Company representative, as a condition to receiving the severance set forth in Section 4.3, the Executive shall immediately resign such position upon his termination of employment with the Company and in any event by the deadline for returning the Non-Competition and Release Agreement described in [Section 4.6], unless specifically requested in writing by the Company otherwise.

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