RESTRUCTURING PROVISION Clause Samples
RESTRUCTURING PROVISION. The Buyer Group Companies acknowledge that the Restructuring Provision as at Completion will be included in the Completion Statement, net of any associated future income tax benefit at the rate of 30%.
RESTRUCTURING PROVISION. Other than; (i) the issuance of stock options under the Company’s 2007 Stock Incentive Plan as properly adopted by the Purchaser along with this Agreement, and (ii) the issuance of Common Stock (or equity-like security) for a future financing or acquisition, the Stockholders undertake that on the Closing Date and for a period of not less than one (1) year there will be no restructuring of the company, such restructuring shall include and not be limited to any issuances of preferred shares, reverse splits or forward splits or changes in rights of the Common Stock of the Purchaser other than as described herein.