Examples of Class B Special Shares in a sentence
The holders of the Class B Special Shares shall be entitled to receive notice of, to attend and speak at any meeting of the holders of Limited Voting Shares.
The holders of the Class B Special Shares will be entitled at any time, subject to applicable law and Article 7.9, to remove the Class B Director and to elect a successor Class B Director following any such removal.
The removal of the Class B Director by the holders of the Class B Special Shares may be conducted by a resolution in writing signed by all the holders of the Class B Special Shares, to be effective on the date specified in such resolution, or by the majority of the votes cast in person or by proxy at a duly constituted meeting of the holders of the Class B Special Shares.
No dividends or other distribution of assets shall be declared and/or paid by the Company on the Class B Special Shares.
The election of the Class B Director may be conducted by a resolution in writing signed by all the holders of the Class B Special Shares, to be effective on the date of the Company's annual meeting of voting shareholders or on such other date as specified in such resolution, or at a meeting of the holders of the Class B Special Shares.
Any variation of the rights attaching to the Class C Special Shares shall be deemed to constitute a variation of the rights attaching to the Class A Special Shares and a variation of the rights attaching to the Class B Special Shares for the purposes of Article 12.
The Class B Special Shares shall have attached thereto, as a class, the rights, privileges, restrictions and conditions set out in this Article 7.
Stock Option Plan, as amended (the “Stock Option Plan,” and together with the 2021 Plan, the “Plans”), and (iii) 14,896,783 Common Shares that may be issued upon conversion of the Class A Special Shares, Class B Special Shares, Class C Special Shares, Class D Special Shares, Class E Special Shares, Class F Special Shares, Class G Special Shares and Class H Special Shares (together, the “Special Shares”).
Except as provided in the foregoing sentence, the holders of Class B Special Shares shall not be entitled to participate in any other part of the property and assets of the Company in the event of the liquidation, dissolution or winding-up of the Company whether voluntary or involuntary.
The holders of the Class B Special Shares shall be entitled to elect one (1) director of the Company (the Class B Director) to the Board for so long as the holders of the Class B Special Shares beneficially own, in the aggregate, not less than twelve and one half percent (12.5%) of the issued and outstanding Limited Voting Shares.