Equity Interest in the Company Sample Clauses

Equity Interest in the Company. On or promptly after the Closing Date, the Company will establish a stock option plan (the "Plan") substantially in the form of Exhibit A hereto pursuant to which the Company may grant to employees of the Company options to purchase up to 910,166 shares of common stock of the Company. Pursuant to the Plan and subject to the terms of the stock option agreement between Executive and the Company, substantially in the form of Exhibit B hereto, the Company shall grant Executive options to purchase an aggregate of 111,111 shares of such common stock with an exercise price of $10 per share and an aggregate of 59,102 shares of such common stock with an exercise price of $73.50 per share. The Company shall cause its principal stockholders to enter into an agreement with the Executive substantially in the form of Exhibit C hereto providing for certain payments to the Executive with respect to the preferred stock of the Company.
Sample 1
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Equity Interest in the Company. Seller" is the recorded and beneficial owner of and aggregate 125,000 shares of Common Stock.
Sample 1
Equity Interest in the Company. As additional compensation for the ------------------------------ services of Consultant, Consultant shall be granted, concurrent with the execution of this Agreement, options to purchase 50,000 shares of the Company's Common Stock at an exercise price of $0.40 per share, which options shall be governed exclusively by the Stock Option Agreement substantially in the form attached hereto as Exhibit A (the "Option Agreement"). Any subsequent option grants to Consultant, in his capacity as consultant or otherwise, shall be at the discretion of the Board of Directors.
Sample 1
Equity Interest in the Company. The parties acknowledge that the Company anticipates restructuring the Company into a Delaware Corporation (the "Delaware Corporation"). The restructuring will be followed by a private offering of stock in the Delaware Corporation (the "Bridge Financing") and an initial public offering of such corporation's stock, all in accordance with a letter of intent executed by D. H. Blair. MKD acknowledges that such restructuring and financinx xxxx xxx occur without a modification of the interest in the Company to be acquired by MKD as identified in the Original Agreement. In furtherance thereof, Section 1.1 of the Original Agreement is hereby deleted in its entirety. In lieu thereof, and in consideration of the payment by MKD of Three Thousand Eight Hundred Fifty Dollars ($3,850.00), the Company agrees that MKD or its permitted assign shall receive two hundred twenty (220) units of limited liability company interest in the Company, which units shall represent eleven percent (11%) of the equity of the Company at the date immediately preceding conversion to the Delaware Corporation.
Sample 1
Equity Interest in the Company. In consideration of his agreement with ------------------------------ the Company, Xx. Xxxx shall, concurrent with the execution of this Agreement, enter into a Restricted Stock Purchase Agreement (the "Stock Agreement"), pursuant to which he shall be issued 466,667 shares of Common Stock of the Company (the "Shares") for a purchase price of $.01 per share. Under the terms of the Stock Agreement, the Shares shall vest according to the following schedule: (i) 25% immediately and (ii) the remaining 75% over three years ratably on a monthly basis.
Sample 1

Related to Equity Interest in the Company

  • Security Interest in the Collateral To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest and shall cause its financial statements to reflect such security interest. Each Borrower shall promptly provide Agent with written notice of all commercial tort claims, such notice to contain the case title together with the applicable court and a brief description of the claim(s). Upon delivery of each such notice, such Borrower shall be deemed to hereby grant to Agent a security interest and lien in and to such commercial tort claims and all proceeds thereof.

  • Not a U.S. Real Property Holding Corporation The Acquiror Company is not and has not been a United States real property holding corporation within the meaning of Section 897(c)(2) of the Code at any time during the applicable period specified in Section 897(c)(1)(A)(ii) of the Code.

  • U.S. Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • Investment in the Trust Investments may be accepted by the Trust from such Persons, at such times, on such terms, and for such consideration, which may consist of cash or tangible or intangible property or a combination thereof, as the Trustees from time to time may authorize. At the Trustees’ sole discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the affected Portfolio is authorized to invest, valued as provided in applicable law. Each such investment shall be recorded in the individual Shareholder’s account in the form of full and fractional Shares of the Trust, in such Portfolio (or Class) as the Shareholder shall select. The Trustees and their authorized agents shall have the right to refuse to issue Shares to any Person at any time and for any reason.

  • Ownership of the General Partner Interest in the Partnership The General Partner is the sole general partner of the Partnership with a 2% general partner interest in the Partnership; such general partner interest has been duly authorized and validly issued in accordance with the Partnership Agreement; and, to counsel’s knowledge, the General Partner owns its general partner interest free and clear of all Liens (except for restrictions on transferability contained in the Partnership Agreement, as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus or under applicable securities laws).

  • Capital Stock of the Company The authorized capital stock of the COMPANY is as set forth in Section 1.4(i). All of the issued and outstanding shares of the capital stock of the COMPANY are owned by the STOCKHOLDERS and in the amounts set forth in Annex II and further, except as set forth on Schedule 5.3, are owned free and clear of all liens, security interests, pledges, charges, voting trusts, restrictions, encumbrances and claims of every kind. All of the issued and outstanding shares of the capital stock of the COMPANY have been duly authorized and validly issued, are fully paid and nonassessable, are owned of record and beneficially by the STOCKHOLDERS and further, such shares were offered, issued, sold and delivered by the COMPANY in compliance with all applicable state and federal laws concerning the issuance of securities. Further, none of such shares were issued in violation of the preemptive rights of any past or present stockholder.

  • Grant of Security Interest in the Collateral To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):

  • Real Property Holding Company The Company is not a real property holding company within the meaning of Section 897 of the Code.

  • Subsidiaries of the Company The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries listed in Exhibit 21 to the Registration Statement.

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