Founding Partners Clause Samples
The 'Founding Partners' clause defines who the original partners or members of a business or organization are at the time of its formation. This clause typically lists the names of the individuals or entities recognized as founders and may outline their initial roles, responsibilities, or ownership stakes. By clearly identifying the founding partners, the clause helps establish the initial structure of the organization and prevents future disputes over who is entitled to founder rights or benefits.
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Founding Partners. The Partnership may have one or more Founding Partner Interests. The Founding Partner Interests shall be sub-divided into a number of classes as determined by the General Partner, including: (1) Grant Units, (2) High Distribution Units, (3) High Distribution II Units, (4) High Distribution III Units, and (5) High Distribution IV Units. Each class shall be governed by the terms and conditions of this Agreement, including Article XII. The number and class of Founding Partner Units Transferred or issued to each Founding Partner in respect of such Partner’s Founding Partner Interest are set forth on Schedule 4.02. Schedule 4.02 shall be amended pursuant to Section 1.03 to reflect any change in the number or the issuance or allocation of the Founding Partner Units in respect of such Partner’s Founding Partner Interest in accordance with this Agreement.
Founding Partners. (i) On the date of this Agreement, immediately following the Holdings Partnership Division, the Founding Partners shall hold the Founding Partner Interests, which shall have the Units (including the class designation) and the Capital and Adjusted Capital Account set forth on Schedule 4.02 and Schedule 5.01, respectively. Upon the Transfer of such Founding Partner Interests to the Founding Partners in the Holdings Partnership Division, the Founding Partners are hereby deemed automatically admitted as Limited Partners with respect to such Interests and bound by this Agreement.
(ii) Effective immediately upon the Transfer of the Founding Partner’s entire Founding Partner Interest as provided in Section 7.02(c) or Article XII, as applicable, such Partner shall cease to have any interest in the profits, losses, assets, properties or capital of the Partnership with respect to such Founding Partner Interest, and shall cease to be a Founding Partner.
(iii) Any Founding Partner Interest Transferred to any Cantor Company, pursuant to Section 12.02 or 12.03 or otherwise, shall cause such Founding Partner Interest and related Units (or portion thereof) to automatically be designated as an Exchangeable Limited Partnership Interest and the related Units (or portion thereof) shall automatically be designated as Exchangeable Limited Partner Units, and the Cantor Company acquiring such Interest shall have all rights and obligations of a holder of Exchangeable Limited Partnership Interests with respect to such Interest.
Founding Partners. The following named organisations, and respective leaders, for the Male Survivors Partnership (UK) were:
(1) Survivors Manchester (▇▇▇▇▇▇ ▇▇▇▇▇)
(2) Survivors UK (▇▇▇▇▇ ▇▇▇▇)
(3) Mankind UK (▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇)
(4) Safeline (▇▇▇▇ ▇▇▇▇▇▇▇▇▇) Terms of Reference for Male Survivors Partnership was agreed on 04/06/2016 by the following signatories: Survivors Manchester Survivors UK Mankind UK Safeline ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ The founding partners will consult with the following organisations, Departments or networks in order to achieve its remit:
(1) Lime Culture
(2) The Ministry of Justice
(3) The Home Office
(4) Rape Crisis England & Wales
(5) National Rape Working Group (via ▇▇▇▇▇▇ ▇▇▇▇▇)
(6) Association of Chief of Police Officers
Founding Partners. 76 77 The ZTF Consortium will consist initially of the Founding Partners, which may be 78 designated as either Principal or Minor Partners, as defined below. 79 80 1. Principal Partners 81 82 Partners who have committed to make significant financial contributions to 83 ZTF. COO, OKC, WIS, and UMD/JSI are Principal Partners. 84
Founding Partners. Milan Makale: 24.5% Wolf Wrasidio: 24.5%