Accruing Dividends. Series A-1 Stock Accruing Dividend: 8% per annum compounding annually and payable only upon liquidation, dissolution or winding up of the Company. Accrued dividends shall be paid upon conversion of the Series A-1 Preferred Stock to Common Stock in either, at the sole discretion of the Company, the payment of cash or the issuance of that number of shares of Common Stock equal to the quotient obtained by dividing (x) amount of such accrued and unpaid dividends thereon by (y) the then fair market value of a share of Common Stock.
Appears in 4 contracts
Samples: Stock Issuance Agreement (Radius Health, Inc.), Stock Issuance Agreement (Radius Health, Inc.), Stock Issuance Agreement (Radius Health, Inc.)
