Future Grant of Equity Interests Sample Clauses

Future Grant of Equity Interests. Licensee shall grant University Equity Interests representing five percent (5.0%) of the fully-diluted outstanding Shares of Licensee upon an equity financing of at least one million dollars ($1,000,000) in one or a series of related transactions (“Future Equity Grant”). The Equity Interests issued to the University in the Future Equity Grant shall be the same class of equity security with the same rights, privileges and preferences as the equity issued in the relevant financing rounds, and the University will have the same rights and privileges as the most favored equity investors in the same or each round. The Future Equity Grant shall be issued pursuant to the terms and conditions codified in a stock issuance agreement and/or a shareholders agreement executed between the parties and/or investors at the time of each equity issuance.
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Future Grant of Equity Interests. Licensee shall grant University Equity Interests representing five percent (5.0%) of the fully-diluted outstanding Shares of Licensee upon an equity financing of at least one million dollars ($1,000,000) in one or a series of related transactions (“Future Equity Grant”). The Equity Interests issued to the University in the Future Equity Grant shall be the same class of equity security with the same rights, privileges and preferences as the equity issued in the relevant financing rounds, and the University will have the same rights and privileges as the most favored equity investors in the same or each round. The Future Equity Grant shall be issued pursuant to the terms and conditions codified in a stock issuance agreement and/or a shareholders agreement executed between the parties and/or investors at the time of each equity issuance. In addition to the Future Equity Grant, the University shall receive an additional Equity Interest representing 1.0% of fully diluted outstanding Shares of Licensee in the event that Licensee undergoes a Change of Control within three years of the Effective Date of this Agreement (“Supplemental Equity Grant”). The Supplemental Equity Grant shall be effective immediately prior to the consummation of the Change of Control. Sample
Sample 1

Related to Future Grant of Equity Interests

  • Capital Stock Upon the terms and subject to the conditions set forth in this Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company, or the holders of any of the following securities, the following shall occur:

  • INTERESTS OF DIRECTORS AND CONTROLLING SHAREHOLDERS Save for their respective shareholdings in the Company and as disclosed, none of the Directors or controlling shareholders of the Company or their respective associates has any direct or indirect interest in the Shareholder’s Loan.

  • Third Party Interests The other parties to this Agreement hereby represents to the Trustee that any account to be opened by, or interest to be held by, the Trustee in connection with this Agreement, for or to the credit of such party, either (i) is not intended to be used by or on behalf of any third party; or (ii) is intended to be used by or on behalf of a third party, in which case such party hereto agrees to complete and execute forthwith a declaration in the Trustee’s prescribed form as to the particulars of such third party.

  • Shares The term “

  • Grant of Franchise The start date may be in the future. The possibility to terminate depends on the franchise you are offering. Clearly, you cannot terminate on a whim when your Franchisee has spent large sums in setting up and may have taken a lease of ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Investment Entity Wholly Owned by Exempt Beneficial Owners An Entity that is a Jersey Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.

  • Ownership of Acquired Property Except to the extent that a specific provision of this contract states to the contrary, the State shall own all intellectual property acquired or developed under this contract and all equipment purchased by the Engineer or its subcontractors under this contract. All intellectual property and equipment owned by the State shall be delivered to the State when the contract terminates, or when it is no longer needed for work performed under this contract, whichever occurs first.

  • Membership Interests The Sole Member currently owns one hundred percent (100%) of the percentage interests in the Company.

  • Stock In the case of any stock split, stock dividend or like change in the nature of shares of Stock covered by this Agreement, the number of shares and exercise price shall be proportionately adjusted as set forth in Section 5.1(m) of the Plan.

  • Grant The Company hereby grants to the individual named in the Notice of Grant (the “Participant”) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. Subject to Section 19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail.

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