Company Members Sample Clauses
The COMPANY MEMBERS clause defines who is considered a member of the company and outlines the rights, responsibilities, and qualifications for membership. It typically specifies criteria for becoming a member, such as share ownership or appointment, and may address procedures for admitting new members or removing existing ones. This clause ensures clarity regarding company governance by establishing who has the authority to participate in decision-making and vote on company matters.
Company Members. The Company Members are:- the subscribers to the Memorandum; and others admitted to membership of the Company by the Board under the Articles.
Company Members. The name and address of the Member(s) of this Company is/are as follows: _____________________ _____________________________________
Company Members. FRUTAPOP LLC, a New York limited liability company By: Name: Title: INNOACCEL INVESTMENTS LLC, a Delaware limited liability company By: Name: Title:
Company Members. S▇▇ ▇▇▇, Ph.D.
Company Members. Company agrees to pay to the Managing Member a monthly fee of Ten Thousand ($10,000.00) Dollars (the "Participation Fee") to be paid, in advance, on a monthly basis, in the form of either cash or freely trading shares of the Company's common stock issued in the name of the Managing Member or its designee. The Fund and the Company acknowledge that the Participation Fee represents costs, expenses and fees incurred by the Fund which would otherwise be paid directly by the Fund and pursuant to the Operating Agreement. The --- Participation Fee paid by Company shall be added to the Company's Capital -------------------------------------------------------------------------------- Account. -------- In the event that this Agreement shall be renewed for additional one (1) year terms in accordance with the provisions of Section 1.5 above, the Participation Fee for each such additional term shall be eighty percent (80%) of the Participation Fee set forth above. In the event that Company or the Fund shall elect not to renew the term of this Agreement, Company shall continue to pay to the Managing Member a fee in the amount of Two Thousand Five Hundred ($2,500.00) Dollars per month (the "Sunset Fee") for so long as the Company has a positive Capital Account. Company acknowledges that the Sunset Fee paid shall not be added to the Company's Capital Account. In the event that Company shall fail to timely pay the Participation Fee or the Sunset Fee, the Managing Member shall have the right to offset the Participation Fee against any Distributions, as defined below, payable to the Company.
Company Members. Schedule 1.1 hereto contains a true and complete list of the names and addresses of the record owner of all of the outstanding Membership Units and other Equity Securities of the Company, together with the number and percentage of securities held. To the best knowledge of the Company, except as set forth in the Operating Agreement, there is no voting trust, agreement or arrangement among any of the beneficial holders of Membership Units affecting the nomination or election of directors or the exercise of the voting rights of Membership Units.
Company Members. The Company LLC Membership Interest holders of the Company represent or acknowledge the following:
(a) They are either “accredited investors” as such term is defined in the Securities Act of 1933, as amended (the “Securities Act”), or are “non-US persons” within the meaning of Securities Act Rule 902(k), who have acquired their shares in a transaction pursuant to Rule 903(b)(3) of Regulation S.
(b) Any exchange of Parent Common Stock will be made in transactions exempt from applicable state or federal securities laws.
(c) The Parent Common Stock will be acquired for investment purposes and not with a view to the public resale or distribution thereof.
(d) Each certificate representing Parent Common Stock pursuant to Section 1.5 shall be imprinted with the following restrictive legend: THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE “ACT”) OR APPLICABLE STATE SECURITIES LAWS, AND THE TRANSFER THEREOF IS PROHIBITED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE ACT, PURSUANT TO REGISTRATION UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT
Company Members