Payment of Stock Consideration. CUNB shall have delivered the Stock Consideration to the Exchange Agent and the Exchange Agent shall have provided FENB with a certificate evidencing such delivery.
Payment of Stock Consideration. On the Closing Date, the Buyer shall cause to be delivered to the Selling Shareholders stock certificates evidencing 570,053.7 shares of Protea Series A Preferred Stock representing (i) the Stock Consideration, less (ii) the Holdback Amount set forth in Section 2.3 below. Such stock certificates shall be registered in the names of each of the Selling Shareholders and the Option Holders and shall be in such number of shares of Protea Series A Preferred Stock to be issued or issuable to each Selling Shareholder as shall be as set forth on Schedule 2.2 annexed hereto and for an Option Holder in accordance with the Option Holder’s Letter.
Payment of Stock Consideration. APR Unit Agreements 5
Payment of Stock Consideration. FCAL shall have delivered the Stock Consideration or the Adjusted Stock Consideration, as applicable, to the Exchange Agent and the Exchange Agent shall have provided PSBK with a certificate evidencing such delivery.
Payment of Stock Consideration. Purchaser shall pay, deliver and ------------------------------- issue the Stock Consideration to Sellers as follows:
Payment of Stock Consideration. On the Closing Date, the Buyer shall cause to be delivered to the Selling Shareholders stock certificates evidencing (i) the applicable number of shares of Protea Series A Preferred Stock, or (ii) upon consummation of the anticipated underwritten public offering referred to in Section 2.5(b) below and listing of its Common Stock on the Nasdaq Capital Markets, the applicable number of shares of Protea Common Stock, in either case, representing (A) the Stock Consideration, less (B) the Holdback Amount set forth in Section 2.3 below. Such stock certificates shall be registered in the names of each of the Selling Shareholders and the Option Holders and shall be in such number of shares of Protea Stock Consideration to be issued or issuable to each Selling Shareholder as shall be as set forth on Schedule 2.2 annexed hereto and for an Option Holder in accordance with the Option Holder’s Letter.
Payment of Stock Consideration. 3 2.04 Aggregate Cash Consideration Adjustment Mechanism. . . . . . . . . . . . . 3 2.05 Make-Whole Adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.06
Payment of Stock Consideration. On the Closing Date, Purchaser --------------------------------- shall issue to the Sellers Stock Consideration of 1,786,666 shares of Purchaser Stock.
Payment of Stock Consideration a. Section 3.1(b) is hereby amended by deleting it in its entirety and replacing it with the following:
Payment of Stock Consideration. Subject to Section 2.02(g), the Stock Consideration shall be paid in twelve installments as follows:
(i) a first, second, third, fourth, fifth, sixth, seventh and eighth installment of 50,000 shares of CDC Corporation Stock for each installment shall be payable respectively on the following dates: Closing ("First Stock Installment"), on the three month anniversary of Closing ("Second Stock Installment"), on the six month anniversary of Closing ("Third Stock Installment"), on the nine month anniversary of Closing ("Fourth Stock Installment"), on the twelve month anniversary of Closing ("Fifth Stock Installment"), on the fifteen month anniversary of Closing ("Sixth Stock Installment"), on the eighteen month anniversary of Closing ("Seventh Stock Installment") and on the twenty-one month anniversary of Closing ("Eighth Stock Installment"). The payment of the First Stock Installment, the Second Stock Installment, the Third Stock Installment, the Fourth Stock Installment, the Fifth Stock Installment, the Sixth Stock Installment, the Seventh Stock Installment and the Eighth Stock Installment shall not be conditioned upon the employment, continued employment or achievement of any performance objectives of any of the Sellers with respect to the Employment Agreements.
(ii) the ninth, tenth, eleventh and twelve installments of the Stock Consideration shall be respectively payable (if any) on each of the following dates: on the twenty-four month anniversary of Closing ("Ninth Stock Installment"), on the twenty-seven month anniversary of Closing ("Tenth Stock Installment"), on the thirty month anniversary of Closing ("Eleventh Stock Installment") and on the thirty-three month anniversary of Closing ("Twelfth Stock Installment"). The payment of any of the Ninth Stock Installment, the Tenth Stock Installment, the Eleventh Stock Installment and the Twelfth Stock Installment to any particular Seller shall be conditioned upon the continued full time employment and to the extent of the Final Installment Payouts are achieved as set forth below of such Seller with respect to his/her Employment Agreement at the time such installment is to be issued; provided, however, that the preceding condition shall not apply in the event that such Seller was terminated as an employee for a reason other than Cause (as defined in the Employment Agreement). For the avoidance of doubt, if such Seller was terminated as an employee for a reason other than Cause and to the extent the Final Instal...
