INITIAL PERCENTAGE. The term "INITIAL PERCENTAGE" means the percentage of then Total Voting Power of the Company represented by the Voting Securities held by a Stockholder at the time of the consummation of the Company's initial public offering.
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Samples: Stockholders' Agreement (Marketwatch Com Inc), Stockholders' Agreement (Marketwatch Com Inc), Stockholders' Agreement (Marketwatch Com Inc)
INITIAL PERCENTAGE. The term "INITIAL PERCENTAGE" means the lesser of (i) the percentage of then Total Voting Power of the Company represented by the Voting Securities held by a Stockholder at CBS upon the time of the consummation closing of the Company's initial public offeringoffering (assuming the exercise of all of the issued and outstanding options and/or warrants or rights to subscribe for Common Stock) or (ii) 35%.
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