Issuance of Incentive Shares Sample Clauses

Issuance of Incentive Shares. Contemporaneously with the execution and delivery of this Agreement and receipt of the Notice of Conversion, the Company shall issue and deliver to Satellite a certificate representing the Incentive Shares, all of which will be fully paid and validly issued.
Sample 1
Issuance of Incentive Shares. Subject to the terms and conditions of this Agreement, the Company shall issue 670,801 shares of the Company’s Class A common stock, $0.00001 par value per share (the “Class A Common Stock”) of the Company (the “Incentive Shares”) as partial compensation for Purchaser’s performance under, and in accordance with the terms of, that Certain Management Services Agreement dated of even date herewith by and between Purchaser and Company (the “Management Agreement”).
Sample 1
Issuance of Incentive Shares. (a) No later than the fortieth (40ot ) Business Day of each calendar year following a Measurement Period, the Company shall issue (each such date of issuance, a "Class B Issuance Date") an additional number of Class B Common Interests equal to Mpercent a%) of the amount of Class B Common Interests issued and outstanding immediately prior to such Class B Issuance Date and owned by the Founding Firms (excluding any Incentive Shares in the Unearned Class B Shares Pool) (the Class B Common Interests issued on each such datc, the "Annual Incentive Shares" and all such Class B Common Interests issued on all such Class B Issuance Dates, the "Incentive Shares"); ovded that, with respect to any Class B Issuance Date following the A&R Member A reement Effective Date, if each Founding Firm has achieved a percentage of at least 6"percent U%) of its Individual Target with respect to the applicable Measurement Period, no Annual Incentive Shares shall be issued in respect of such Measurement Period on such Class B Issuance Date. The Board may, by a Supermajority Vote, approve additional Class B Issuance Dates, provided that no such additional Class B Issuance Date shall occur earlier than the calendar year anniversary of the immediately preceding Class B Issuance Date.
Sample 1
Issuance of Incentive Shares. (a) No later than the fortieth (40th) Business Day of each calendar year following a Measurement Period, the Company shall issue (each such date of issuance, a “Class B Issuance Date”) an additional number of Class B Common Interests equal to thirty p... (b) Any issuances of Incentive Shares pursuant to this Section 2.1 shall not affect the Aggregate Class A Economic Allocation, Aggregate Class A Voting Allocation, Aggregate Class B Economic Allocation, Aggregate Class B Voting Allocation or the Prefe... (c) On each Class B Issuance Date, each Founding Firm that exceeds one hundred percent (100%) of its Individual Target for the Measurement Period immediately preceding such Class B Issuance Date shall receive, for no additional consideration, (A) a nu... (d) Subject to Sections 4.9 and 7.5 of the LLC Agreement, on each Class B Issuance Date, each Founding Firm that achieves a percentage of seventy percent (70%) or more, up to and including one hundred percent (100%), of its Individual Target for the M... (e) For each Class B Issuance Date after 2010, a Founding Firm that fails to achieve a percentage of at least seventy percent (70%) of its Individual Target for the Measurement Period immediately preceding such Class B Issuance Date (except as provide... (f) Each Founding Firm shall notify the Company monthly in writing of the number of transactions (if any) executed by it during the preceding calendar month that are Voluntarily Excluded Transactions or that such Founding Firm is required under applic... (g) The Company shall, acting reasonably and in good faith, identify with respect to each trading day of each Measurement Period any Product (A) (i) that is one of the top twenty (20) highest equity and/or ETF volume Products for such trading day and ... (h) In the event that a Member:
Sample 1
Issuance of Incentive Shares. In connection with the Conversion, the Company shall issue to each Holder Incentive Shares, the number of which shall be determined for each Holder as follows: the difference between (i) the number of shares of Common Stock issued pursuant to the terms of each such Holder’s Debenture and (ii) the number of shares of Common Stock that would be issuable if the conversion price set forth in each such Holder’s Debenture was equal to the closing bid price per share of Common Stock as reported on the Nasdaq Capital Market in the normal trading session immediately preceding the time at which the Conversion is effected. The Incentive Shares shall not be registered under the Securities Act of 1933, as amended (the “Act”), or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (a) subsequently registered thereunder, (b) such Holder shall have delivered to the Company (if requested by the Company) an opinion of counsel to such Holder, in a form reasonably acceptable to the Company, to the effect that such Incentive Shares to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such registration, or (c) such Holder provides the Company with reasonable assurance that such Incentive Shares can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under the Act (or a successor rule thereto).
Sample 1
Issuance of Incentive Shares. In order to further induce the Buyers to purchase the Notes, each Buyer shall receive shares of the Company’s common stock (“Shares”) in an amount calculated as follows: A = (B ÷ C) X D with: A = the number of Shares to be received by the Buyer B = the Buyer’s Subscription Amount C = $300,000 D = 30,000
Sample 1
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Issuance of Incentive Shares. (1) If the Company achieves or exceeds the Targeted After- Tax Profit of the 2007 financial year (as defined in Article 2), the Executives or the persons designated by the Executives shall receive, and AAAC shall issue and deliver, two million (2,000,000) shares of the Company's common stock to the Executives within 30 days following the date of filing of the audit of financial statement for the 2007 financial year, with no consideration paid by the Executives ("Incentive Shares");
Sample 1

Related to Issuance of Incentive Shares

  • Issuance of Restricted Shares (a) The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set forth on the cover page of this Agreement), in consideration of employment services rendered and to be rendered by the Recipient to the Company.

  • Issuance of Shares of Stock As soon as practicable following each Vesting Date (but in no event later than two and one-half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units that have vested pursuant to Paragraph 2 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares.

  • Issuance of Ordinary Shares on Exercise As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such Warrant a book-entry position or certificate, as applicable, for the number of Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it on the register of members of the Company, and if such Warrant shall not have been exercised in full, a new book-entry position or countersigned Warrant, as applicable, for the number of shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing, the Company shall not be obligated to deliver any Ordinary Shares pursuant to the exercise of a Warrant and shall have no obligation to settle such Warrant exercise unless a registration statement under the Securities Act with respect to the Ordinary Shares underlying the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company’s satisfying its obligations under Section 7.4 or a valid exemption from registration is available. No Warrant shall be exercisable and the Company shall not be obligated to issue Ordinary Shares upon exercise of a Warrant unless the Ordinary Shares issuable upon such Warrant exercise have been registered, qualified or deemed to be exempt from registration or qualification under the securities laws of the state of residence of the Registered Holder of the Warrants. Subject to Section 4.6 of this Agreement, a Registered Holder of Warrants may exercise its Warrants only for a whole number of Ordinary Shares. The Company may require holders of Public Warrants to settle the Warrant on a “cashless basis” pursuant to Section 7.4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in an Ordinary Share, the Company shall round down to the nearest whole number, the number of Ordinary Shares to be issued to such holder.

  • Issuance and Repurchase of Shares The Trustees shall have the power to authorize the Trust to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in Shares and in any options, warrants or other rights to purchase Shares or any other interests in the Trust other than Shares.

  • Issuance of Shares The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.

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