Examples of Base Stock Consideration in a sentence
If the Base Stock Consideration issuable in connection with a Liquidity Event is the result of the closing of a QA, then such shares shall be issued to each Company Member in proportion and at such times as any lock-up restriction applicable to such shares is released.
Any Base Stock Consideration due hereunder shall be issued to the Company Members as soon as practicable following, but in any event within 10 calendar days thereof, any date such shares are required to be issued hereunder.
Subject to the terms and conditions of this Agreement, Parent shall retain and hold back from issuance the Holdback Shares, at such time and in such proportion as the Base Stock Consideration is issued to Company Members in accordance with Section 2.3(d).
The Base Stock Consideration payable pursuant to Section 2.3(c)(i) above shall be issued to each Company Member upon the earlier of (i) the closing of a Liquidity Event or (ii) five (5) years from the date of Closing (in either case, such earlier date or the date on which such restrictions are waived per the last sentence of this subsection (d), the “Relevant Date”).
The Base Stock Consideration payable pursuant to Section 5(b)(i) above shall be issued to each Company Member upon the earlier of (i) the closing of a Liquidity Event or (ii) five (5) years from the date of Closing (in either case, such earlier date or the date on which such restrictions are waived per the last sentence of this subsection (d), the “Relevant Date”).