Common use of Term for Ten Percent Shareholders Clause in Contracts

Term for Ten Percent Shareholders. If on the date hereof, Grantee owns shares of the Company's outstanding capital stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or of its parent corporations or its subsidiary corporations ("affiliates"), this Option shall terminate on June 29, 2005.

Appears in 36 contracts

Samples: Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!