Management Holders Clause Samples
The 'Management Holders' clause defines the group of individuals within a company who hold management positions and possess equity or rights to acquire equity. Typically, this clause specifies which executives, directors, or key employees are considered management holders for the purposes of the agreement, often listing them by name or by role. It may also outline their rights, obligations, or restrictions regarding their shares, such as transfer limitations or participation in certain company decisions. The core function of this clause is to clearly identify the relevant management stakeholders, ensuring clarity in the application of rights and obligations tied to management-held equity.
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Management Holders. Each Management Holder has executed this Agreement and is bound hereby. After the date hereof, the Company shall not issue any Registrable Common Stock to any person who is, or who would thereupon become, a Management Holder, or to any Affiliate thereof, unless he or she first delivers to the Company a joinder agreement, in form and substance satisfactory to the Company, acknowledging that he or she is bound by the terms hereof as a Management Holder.
Management Holders. The Company may enter into joinder agreements with members of the Company’s management who hold shares of the capital stock of the Company pursuant to which the Company may grant such individuals the right to participate in a Piggyback Registration under this Article III with respect to the shares of Class A Common Stock that such individuals may hold or into which their shares of capital stock may convert. As a result of any such joinder agreement, such shares of Class A Common Stock shall be treated as Registrable Securities under this Article III and any such holder shall be treated as a holder of Registrable Securities under this Article III. Notwithstanding the foregoing, such holders shall have no right to include any shares under a Demand Registration or Shelf Registration initiated under Article II.
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Management Holders. Each Management Holder (and his or her Affiliates) who is or becomes a Holder of Registrable Common Stock is deemed a party hereto by the Plan and pursuant to the Plan is or shall be bound hereby. The Company shall not issue any Registrable Common Stock to any person who is, or who would thereupon become, a Management Holder, or to any Affiliate thereof, unless he, she or it first delivers to the Company a writing, in form and substance satisfactory to the Company, acknowledging that he, she or it is bound by the terms hereof as a Management Holder.
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