Class B Common Shares. (a) Awards of Class B Common Shares (“Share Awards”), options to purchase Class B Common Shares (“Options”) and rights to receive Class B Common Shares (“RSUs”, and collectively with Share Awards and Options, “Equity Awards”) may be granted or issued, as applicable, on or after the Original Closing Date to Employee Members pursuant to the terms of a Share Grant Agreement and in accordance with the 2018/2019 Incentive Plan or any successor employee incentive plan.
Class B Common Shares. The term “Class B Common Shares” shall mean the 200,000,000 shares of Class B common stock authorized for issuance by the Company pursuant to its certificate of incorporation.
Class B Common Shares. For federal (and applicable state) income tax purposes, no Class B Common Shares shall be treated as outstanding limited liability company membership interests and holders that own only Class B Common Shares shall not be treated as Members.
Class B Common Shares. Beaudier will not transfer any Class B Common Shares, or any Class A Common Shares issued upon conversion of Class B Common Shares, to any Person (whether or not such transferee is Beaudier Group Investor) until the earliest of (i) the third anniversary of the Initial Public Offering, (ii) such time as the Xxxx Investors are no longer entitled to designate any members of the Board, or (iii) such time as Beaudier and its Affiliates no longer own any other Class A Common Shares. Such restriction shall be in addition to the other restrictions on transfer of Class B Shares under this Agreement.
Class B Common Shares. Prior to the Company's IPO, each holder --------------------- of Class B Common Shares will vote one third of the Class B Common Shares held by it. Thereafter, the provisions of the Company's Articles of Association shall govern.
Class B Common Shares. The Class B Common shares, as a class, shall have attached to them the following rights, privileges, restrictions and conditions:
Class B Common Shares. (a) Awards of Class B Common Shares (“Share Awards”), options to purchase Class B Common Shares (“Options”) and restricted stock units in respect of Class B Common Shares (“RSUs”, and collectively with Share Awards and Options, “Equity Awards”, and the Class B Common Shares that are issued in respect of Equity Awards, the “EIP Class B Common Shares”) may be granted or issued, as applicable, to Participants (as defined ) and/or Employee Members pursuant to the terms of an Award Agreement and in accordance with the 2018 Incentive Plan or any successor employee incentive plan.
Class B Common Shares. 2.1. VOTING RIGHTS - The holders of the Class B common shares, as such, shall not be entitled to receive notice of or to attend or vote at any meeting or meetings of the shareholders of the corporation.
Class B Common Shares. An offer will have been made to all of the --------------------- holders of the outstanding Class B common shares of PNG Products to purchase all such Shares at a price equal to the original cost ($4.45 per share) (excluding the 101,131 shares formerly held by X. Xxxxxx) and subject to compliance by the holders of Class B common shares as to the delivery with good and marketable title of certificates representing such shares, payment for the shares shall be made within 10 days after the Closing Date.
Class B Common Shares. As promptly as practicable following any Shareholder’s conversion of Class B Common Shares, the Company shall issue and deliver to the converting Shareholder one or more Certificates (as such Shareholder may request) evidencing the Class A Common Shares or Class C Common Shares, as applicable, issuable upon conversion thereof and, if the Certificates surrendered by the converting Shareholder evidence more Class B Common Shares than the Shareholder has elected to convert, one or more Certificates (as such Shareholder may request) evidencing the Class B Common Shares that have not been converted. Pending the issuance and delivery of the foregoing Certificates, the Certificate or Certificates evidencing the Class B Common Shares that have been surrendered for conversion shall be deemed to evidence the Class A Common Shares or Class C Common Shares, as applicable, issuable upon such conversion.
