Common use of Additional Key Holders Clause in Contracts

Additional Key Holders. In the event that after the date of this Agreement, the Company issues shares of Common Stock, or options to purchase Common Stock, to any employee or consultant, which shares or options would collectively constitute with respect to such employee or consultant (taking into account all shares of Common Stock, options and other purchase rights held by such employee or consultant) one percent (1%) or more of the Company’s then outstanding Common Stock (treating for this purpose all shares of Common Stock issuable upon exercise of or conversion of outstanding options, warrants, convertible securities, preferred stock, as if exercised (if applicable) or converted and including all shares reserved for issuance pursuant to an equity incentive plan), the Company shall, as a condition to such issuance, cause such employee or consultant to execute a counterpart signature page hereto as a Key Holder, and such person shall thereby be bound by, and subject to, all the terms and provisions of this Agreement applicable to a Key Holder.

Appears in 3 contracts

Samples: Sale Agreement (MedicaMetrix, Inc/De), Sale Agreement (MedicaMetrix, Inc/De), Sale Agreement (MedicaMetrix, Inc/De)

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Additional Key Holders. In the event that after the date of this Agreement, (i) the Company issues shares of Common Stock, or options to purchase Common Stock, to any employee or consultant, (ii) or any Person otherwise becomes a holder of shares of Common Stock, which shares or options would collectively constitute with respect to such employee or consultant (taking into account all shares of Common Stock, options and other purchase rights held by such employee or consultant) one percent (1%) or more of the Company’s then outstanding Common Stock (treating for this purpose all shares of Common Stock issuable upon exercise of or conversion of outstanding options, warrants, warrants or convertible securities, preferred stock, as if exercised (if applicable) or converted and including all shares reserved for issuance pursuant to an equity incentive planconverted), the Company shall, as a condition to such issuance, cause such Person, employee or consultant to execute a counterpart signature page hereto as a Key Holder, and such person Person shall thereby be bound by, and subject to, all the terms and provisions of this Agreement applicable to a Key Holder.

Appears in 1 contract

Samples: Specialty Renal Products (Nephros Inc)

Additional Key Holders. In the event that after the date of this Agreement, the Company issues shares of Common Stock, or options to purchase Common Stock, to any employee or consultant, which shares or options would collectively constitute with respect to such employee or consultant (taking into account all shares of Common Stock, options and other purchase rights held by such employee or consultant) one percent (1%) or more of the Company’s then outstanding Common Stock (treating for this purpose all shares of Common Stock issuable upon exercise of or conversion of outstanding options, warrants, warrants or convertible securities, preferred stock, as if exercised (if applicable) or converted and including all shares reserved for issuance pursuant to an equity incentive planconverted), the Company shall, as a condition to such issuance, cause such employee or consultant to execute a counterpart signature page an Adoption Agreement in the form attached hereto as Exhibit C, agreeing to be bound by and subject to the terms of this Agreement as a Key Holder, Holder and such person shall thereby be bound by, and subject to, all the terms and provisions of this Agreement applicable to a Key Holder.

Appears in 1 contract

Samples: Adoption Agreement (New Media Trader, Inc.)

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Additional Key Holders. In the event that after the date of this Agreement, the Company issues shares of Common Stock, Stock or options to purchase Common Stock, to any employee employee, director, advisor, or consultantconsultant (a “Service Provider”), which shares or options would collectively constitute with respect to such employee or consultant (taking into account all shares of Common Stock, options and other purchase rights held by such employee or consultant) one percent (1%) or more of the Company’s then outstanding Common Stock (treating for this purpose all shares of Common Stock issuable upon exercise of or conversion of outstanding options, warrants, warrants or convertible securities, preferred stock, as if exercised (if applicable) or converted and including all shares reserved for issuance pursuant to an equity incentive planconverted), the Company shall, as a condition to such issuance, cause such employee or consultant Service Provider to execute a counterpart signature page hereto as a Key Holder, and such person shall thereby be bound by, and subject to, all the terms and provisions of this Agreement applicable to a Key Holder.

Appears in 1 contract

Samples: Sale Agreement (Provention Bio, Inc.)

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