Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.
Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.
Initial Shares means all of the outstanding Ordinary Shares issued prior to the consummation of the Company’s initial public offering.
Examples of Initial Shares in a sentence
Subject to the terms and conditions of this Agreement, at the Initial Closing, the Company will issue and sell to Gilead, and Gilead will purchase from the Company, the Initial Shares, at a price per share equal to the Initial Shares Purchase Price, for an aggregate purchase price equal to the Aggregate Initial Purchase Price.
The number of shares of Stock issuable on each Vesting Date shall be the Initial Shares for such Vesting Date determined by the Committee in accordance with Section A below, multiplied by the Relative TSR Multiplier determined in accordance with Section B below.
More Definitions of Initial Shares
Initial Shares is defined in the preamble to this Agreement.
Initial Shares shall have the meaning given in the Recitals hereto.
Initial Shares has the meaning specified in Section 1(a).
Initial Shares has the meaning set forth in Section 2.04(e).
Initial Shares has the meaning set forth in the Recitals.
Initial Shares means, with respect to the applicable Purchaser, the number of shares of Common Stock issued to such Purchaser on the Closing Date (adjusted for stock splits, combinations, dividends and the like occurring after the Closing Date).
Initial Shares means 229,865 shares of the Class, subject to adjustment from time to time pursuant to the provisions of this Warrant.