Minority Shares definition

Minority Shares means shares of the Company’s Common Stock owned or controlled by the Minority Shareholders.

Minority Shares has the meaning set forth in the Recitals.

Minority Shares means a partial ownership stake in a company that is less than 50 percent of the total shares in terms of voting rights;

Examples of Minority Shares in a sentence

• The basis for exchange of Minority Shares for Holding Company Common Stock shall be fair and reasonable.

• As part of the Conversion, each Minority Stockholder will receive Holding Company Common Stock in exchange for Minority Shares.

• As part of the Conversion, each of the Minority Shares shall automatically, without further action of the holder thereof, be converted into and become the right to receive Holding Company Common Stock based upon the Exchange Ratio.

• As part of the Conversion, each of the Minority Shares outstanding immediately prior to consummation of the Conversion shall automatically, without further action on the part of the holders thereof, be converted into and become the right to receive Holding Company Common Stock based upon the Exchange Ratio.

• As part of the Mid-Tier Merger, the liquidation interests in the Mid-Tier Holding Company constructively received by Members as part of the MHC Merger will automatically, without further action on the part of the holders thereof, be exchanged for interests in the Liquidation Account, and each of the Minority Shares shall automatically, without further action on the part of the holders thereof, be converted into and become the right to receive Holding Company Common Stock based upon the Exchange Ratio.

More Definitions of Minority Shares

Minority Shares means all of the issued and outstanding Shares other than the Excluded Shares.

Minority Shares means (i) any capital stock of the Company purchased or otherwise acquired by any Minority Stockholder (including, without limitation, Common Stock), (ii) any warrants, options, or other rights to subscribe for or to acquire, directly or indirectly, capital stock of the Company, whether or not then exercisable or convertible, (iii) any stock, notes, or other securities which are convertible into or exchangeable for, directly or indirectly, capital stock of the Company, whether or not then convertible or exchangeable, (iv) any capital stock of the Company issued or issuable upon the exercise, conversion, or exchange of any of the securities referred to in clauses (i) through (iii) above, and (v) any securities issued or issuable directly or indirectly with respect to the securities referred to in clauses (i) through (iv) above by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, reclassification, merger, consolidation, or other reorganization. For avoidance of doubt, any of the foregoing purchased or otherwise acquired by Sun or any Affiliate of Sun shall not be Minority Shares.

Minority Shares shall have the meaning set forth in the preamble of this Agreement.

Minority Shares means, with respect to the Call Option exercisable pursuant to Article IV, all shares of Company Common Stock issued to or held by, the applicable Management Investor (or Permitted Transferee thereof), including, without limitation, all shares of Company Common Stock purchased by such Management Investor for cash or issued upon conversion of convertible securities, upon exercise of stock options, by way of a stock dividend or stock sold or in connection with any conversion, merger, consolidation, recapitalization or other reorganization affecting the Company Common Stock. Minority Shares will continue to be Minority Shares in the hands of any transferee other than the Company or the AEA Investors.

Minority Shares means the Voting Securities of Parent that are Beneficially Owned by Minority Stockholders.

Minority Shares means those shares of Brooklyn Bancorp Common Stock other than those held by or on behalf of Brooklyn MHC.

Minority Shares means (a) all shares of Common Stock originally issued to, or issued with respect to shares originally issued to, or held by, a Minority Stockholder, whenever issued, including, without limitation, all shares of Common Stock issued pursuant to the exercise of any Options and all shares of Common Stock issued upon conversion of any shares of Preferred Stock, (b) all shares of Preferred Stock originally issued to, or issued with respect to shares originally issued to, or held by, a Minority Stockholder, whenever issued (treating such shares of Preferred Stock as a number of Shares equal to the number of Equivalent Shares represented by such shares of Preferred Stock for all purposes of this Agreement except as otherwise specifically set forth herein), and (c) all Options originally granted or issued to a Minority Stockholder (treating such Options as a number of Shares equal to the number of Equivalent Shares represented by such Options for all purposes of this Agreement except as otherwise specifically set forth herein).