PRIVATE COMPANY. The Company is a private company, and accordingly:-
PRIVATE COMPANY. The Company shall have the right, but not the obligation, exercisable upon written notice to Participant during the 90 days after the termination of Participant’s Service for any reason, or if later, during the 90 days after any vesting that occurs after termination of Participant’s Service, to repurchase the Shares at a price equal to the then current Fair Market Value per Share as of the date the Company provides notice to Participant of the Company’s election to exercise this purchase right.
PRIVATE COMPANY. (a) The Company is a private Company.
(b) The right to transfer the shares of the Company shall be restricted in the manner hereinafter appearing;
(c) The number of the shareholders of the Company (not including persons who are in the employment of the Company, and persons who, having been formerly in the employment of the Company were while in that employment and have continued after the termination of that employment to be shareholders of the Company) shall be limited to fifty, provided that, for the purposes of this provision, where two or more persons hold one or more shares in the Company jointly they shall be treated as a single shareholder; and
(d) No invitation shall be issued to the public to subscribe for any shares or debentures or debenture stocks of the Company. 3A CHARITABLE CONTRIBUTIONS The Company may donate reasonable sums of money and/or issue securities of the Company representing up to tenth of one percent (0.1%) of its issued and outstanding share capital, to any worthy purpose or entity approved by the Board of Directors of the Company even if such donation is not made for business consideration.
PRIVATE COMPANY. Purchaser acknowledges that the Company shall have the right, but not the obligation, at any time following the termination of Purchaser’s Continuous Service for any reason or after exercise of an Option if the Option is exercised after termination of Purchaser’s Continuous Service for any reason, to repurchase all or part of the Shares (the “Repurchase Right”). The repurchase price shall be the Fair Market Value of those Shares as of the date the Repurchase Right is exercised. The Fair Market Value per Share will be determined as set forth in Section 3(c)(ii) of this Agreement.
PRIVATE COMPANY. The Company is a corporation duly incorporated and in good standing in [the Xxxxxxxx Islands] with its registered office at [·] and having registered number [·].
PRIVATE COMPANY. The Company is a private company, and accordingly:
(a) any invitation to the public to subscribe for any Shares or debentures of the Company is prohibited;
(b) the number of the Shareholders of the Company (not including persons who are in the employment of the Company, and persons who, having been formerly in the employment of the Company, were, while in such employment, and have continued after the determination of such employment to be, Shareholders of the Company) shall be limited to fifty PROVIDED that where two (2) or more persons hold one or more Shares in the Company jointly they shall, for the purposes of this Clause 13, be treated as a single Shareholder;
(c) the right to transfer the Shares of the Company shall be restricted in manner herein prescribed; and
(d) the Company shall not have power to issue Share Warrants to Bearer.
PRIVATE COMPANY. The Company is a private company, as defined in the Companies Law. Furthermore:
2.1. The number of Shareholders for the time being of the Company (exclusive of persons who are in the employment of the Company and of persons who having been formerly in the employment of the Company were, while in such employment, and have continued after termination of such employment to be, Shareholders of the Company), shall not exceed fifty (50), but where two or more persons jointly own one or more shares in the Company, they shall, for the purposes of this Article, be treated as a single Shareholder;
2.2. Any invitation to the public to subscribe for any shares or debentures of the Company is hereby prohibited; and
2.3. The right to transfer shares in the Company shall be restricted as hereinafter provided.
PRIVATE COMPANY. The Company is a private company and accordingly any invitation to the public to subscribe for any shares or debentures or debenture stock of the Company is hereby prohibited.
PRIVATE COMPANY. The following CDD documents would be required for a Private Company; • Certified copy of the structure chart up to the Ultimate Beneficial Owner; • Certified copy of the Certificate of Incorporation; • Proof of regulation where applicable; • Confirmation of the Registered Office Address; • Certificate of good standing or certificate of incumbency; • Certified copy of the register of directors; • Certified copy of the register of shareholders; • Certified copy of the memorandum and articles of association or equivalent; • Certified copy of the Resolution of the board of directors authorising the opening of the account and/or the certified list of Authorised Signatories (with signature matrix and specimen signature); and • Certified copy of latest Financial Statements or business plan.
PRIVATE COMPANY. The Company is a private company, as defined by the Israeli Companies Law (the “Companies Law”).
