Common use of Shares Includable Clause in Contracts

Shares Includable. Each Participating Stockholder may include in the Proposed Transfer all or any part of such Participating Stockholder’s Capital Stock equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock subject to the Proposed Transfer (excluding shares purchased by the Company or the Participating Stockholders pursuant to the Right of First Refusal or the Secondary Refusal Right) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned by such Participating Stockholder immediately before consummation of the Proposed Transfer and the denominator of which is the total number of shares of Capital Stock owned, in the aggregate, by all Participating Stockholders immediately prior to the consummation of the Proposed Transfer. To the extent one (1) or more of the Participating Stockholders exercises such right of participation in accordance with the terms and conditions set forth herein, the number of shares of Transfer Stock that the Prospective Transferor may sell in the Proposed Transfer shall be correspondingly reduced.

Appears in 3 contracts

Samples: Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.), Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.), Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.)

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Shares Includable. Each Participating Stockholder may include in the Proposed Stockholder Transfer all or any part of such Participating Stockholder’s Capital Stock Shares in an amount equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock Shares subject to the Proposed Stockholder Transfer (excluding shares purchased by the Company Corporation or the Participating Stockholders pursuant to the Right of First Refusal or the Secondary Refusal Right) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned Shares proposed to be sold by such Participating Stockholder immediately before consummation of the Proposed Stockholder Transfer and the denominator of which is the total number of shares of Capital Stock Shares owned, in the aggregate, by all Participating Major Stockholders immediately prior to the consummation of the Proposed Stockholder Transfer. To the extent one (1) or more of the Participating Stockholders exercises exercise such right of participation in accordance with the terms and conditions set forth herein, the number of shares of Transfer Stock Shares that the Prospective Transferor Selling Stockholder may sell Transfer in the Proposed Stockholder Transfer shall be correspondingly reducedreduced correspondingly.

Appears in 1 contract

Samples: Stockholders Agreement (WeWork Inc.)

Shares Includable. Each Participating Stockholder Investor may include in the Proposed Shareholder Transfer all or any part of such Participating StockholderInvestor’s Capital Stock equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock subject to the Proposed Shareholder Transfer (excluding shares purchased by the Company or the Participating Stockholders Investors pursuant to the Right of First Refusal or the Secondary Refusal Right) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned by such Participating Stockholder Investor immediately before consummation of the Proposed Shareholder Transfer and the denominator of which is the total number of shares of Capital Stock owned, in the aggregate, by all Participating Stockholders Investors immediately prior to the consummation of the Proposed Shareholder Transfer, plus the number of shares of Transfer Stock held by the Selling Shareholder. To the extent one (1) or more of the Participating Stockholders exercises Investors exercise such right of participation in accordance with the terms and conditions set forth herein, the number of shares of Transfer Stock that the Prospective Transferor Selling Shareholder may sell in the Proposed Transfer ShareholderTransfer shall be correspondingly reduced.

Appears in 1 contract

Samples: Right of First Refusal and Co Sale Agreement (Provention Bio, Inc.)

Shares Includable. Each Participating Stockholder Investor may include in the Proposed Stockholder Transfer all or any part of such Participating StockholderInvestor’s Capital Stock equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock subject to the Proposed Stockholder Transfer (excluding shares purchased by the Company or the Participating Stockholders Investors pursuant to the Right of First Refusal or the Secondary Refusal Right) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned by such Participating Stockholder Investor immediately before consummation of the Proposed Stockholder Transfer and the denominator of which is the total number of shares of Capital Stock owned, in the aggregate, by all Participating Stockholders Investors immediately prior to the consummation of the Proposed Stockholder Transfer, plus the number of shares of Transfer Stock held by the selling Stockholder. To the extent one (1) or more of the Participating Stockholders exercises Investors exercise such right of participation in accordance with the terms and conditions set forth herein, the number of shares of Transfer Stock that the Prospective Transferor selling Stockholder may sell in the Proposed Stockholder Transfer shall be correspondingly reduced.

Appears in 1 contract

Samples: Stockholders’ Agreement (Sunlight Financial Holdings Inc.)

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Shares Includable. Each Participating Stockholder Investor may include in the Proposed Stockholder Transfer all or any part of such Participating StockholderInvestor’s Capital Stock equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock subject to the Proposed Stockholder Transfer (excluding shares purchased by the Company or the Participating Stockholders pursuant to the Right of First Refusal or the Secondary Refusal Right) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned by such Participating Stockholder Investor immediately before consummation of the Proposed Stockholder Transfer and the denominator of which is the total number of shares of Capital Stock owned, in the aggregate, by all Participating Stockholders Investors immediately prior to the consummation of the Proposed Stockholder Transfer, plus the number of shares of Transfer Stock held by the selling Investor or selling Key Holder, as applicable. To the extent one (1) or more of the Participating Stockholders exercises Investors exercise such right of participation in accordance with the terms and conditions set forth herein, the number of shares of Transfer Stock that the Prospective Transferor selling Key Holder may sell in the Proposed Stockholder Transfer shall be correspondingly reduced.

Appears in 1 contract

Samples: Right of First Refusal and Co Sale Agreement (Kindara, Inc.)

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