Corporate Stock Clause Samples
Corporate Stock. As additional consideration King shall be issued Common Stock in SPDV as follows:
(1) 5,000 shares on execution of this agreement;
(2) 5000 shares per year commencing at the end of the second anniversary of this agreement and each year thereafter of successfully completed employment under the terms of this agreement.
Corporate Stock. The corporation will authorize a total of shares of common stock. The corporation will issue a total of shares of common stock to the shareholders, in the manner indicated below.
Corporate Stock. Within the meaning of paragraph 2 of this lease, an assignment includes one or more sales or transfers by operation of law or otherwise by which an aggregate of more than 50% of Tenant's shares (in the case of a corporate Tenant) shall be vested in a party or parties who are not shareholders as of the date of this lease. This paragraph shall not apply in the event that Tenant's share are listed on a recognized stock exchange or if at lease 80% of Tenant's shares are owned by a corporation whose shares are listed on a recognized stock exchange. For purposes of this paragraph, share ownership shall be determined in accordance with the principles set forth in Section 544 of the Internal Revenue Code of 1986.
Corporate Stock. Borrower's corporate stock consists of 100,000,000 shares of common stock, par value $0.0001. per share and 10,000,000 shares of preferred stock, par value $0.0001 per share. As of the date hereof, there are 25,134,909 shares of common stock and no shares of preferred stock outstanding. All shares of common stock are of the same class. Directors and affiliates collectively are the registered holders of more than fifty (50%) percent of the outstanding common stock.
Corporate Stock. Parent's corporate stock in STR in an amount that is equal to [forty] percent [(40%)J of the outstanding and issued voting, common shares of STR.