Class B Stockholder definition

Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

Class B Stockholder or “Class B Stockholders” means (i) each holder of Class B Common Stock listed on Schedule A annexed hereto and (ii) each Person that acquires Class B Common Stock after the date hereof in accordance with this Agreement and (x) is a party to this Agreement or (y) becomes a party to this Agreement in accordance with Section 13.5.

Class B Stockholder means those persons who have the right to receive shares of Class B Common Stock pursuant to that certain Business Combination Agreement dated as of September 2, 2020 among Kensington Capital Acquisition Corp., a Delaware corporation, Kensington Capital Merger Sub Corp., a Delaware corporation and QuantumScape Corporation, a Delaware corporation (the “BCA”).

Examples of Class B Stockholder in a sentence

• No Class B Stockholder shall sell, dispose of or otherwise transfer (voluntarily or involuntarily), pledge, encumber, mortgage, gift or bequeath (each, a "Transfer") any portion of his Shares, directly or indirectly, except in accordance with and in the manner provided for in this Agreement.

• Each Class B Common Stockholder may exercise his rights hereunder only by written notice of acceptance specifying the number of Offered Shares to be purchased (the "Class B Stockholder Acceptance Notice") delivered to the Transferring Stockholder.

• Each Class B Stockholder acknowledges the reasonableness of the restrictions on Transfer imposed by this Agreement in view of the purposes and objectives of this Agreement and the relationship of the parties.

• If each such party designates a third party accountant, the third party accountants appointed by Team and the Class B Stockholder Representative shall select a third third-party accountant within thirty (30) days after either such party calls for the appointment of a third party accountant and such third third-party accountant shall be the Third Party Accountant for purposes of this Article 4.

• In the event that any Class B Stockholder breaches its obligations under this Agreement, then the Authorized Committee shall have the exclusive right to make any and all determinations that may be necessary or appropriate under this Agreement, including without limitation, determinations relating to the exercise and enforcement of remedies hereunder.

More Definitions of Class B Stockholder

Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time, (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time pursuant to the exercise of, conversion of or settlement of Convertible Securities issued prior to the Effective Time and (iii) each natural person who Transferred shares of Class B Common Stock or Convertible Securities prior to the Effective Time to a Permitted Entity that, as of the Effective Time, complies with the applicable exception for such Permitted Entity in Section 5(b).

Class B Stockholder means a holder of outstanding Class B Shares, as set forth on the books and records of the Company from time to time.

Class B Stockholder means a record holder of one or more shares of Class B Stock.

Class B Stockholder means (a) the Founder, (b) the registered holder of a share of Class B Common Stock of Professional Idiots Inc. on May 24th, 2020 (the “Effective Time”), (c) each natural person who Transferred shares of Class B Common Stock of Professional Idiots Inc. prior to the Effective Time to a Permitted Entity that, as of the Effective Time, complies with the applicable exception for such Permitted Entity specified in Section 2(f)(iii)(2), and (d) the initial registered holder of any shares of Class B Common Stock of Professional Idiots Inc. that were originally issued by the Corporation after the Effective Time.

Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and

Class B Stockholder means, collectively, the Designated Holders and the Non-Designated Holders.

Class B Stockholder means a holder of any shares of Class B Common Stock, including (a) a holder of any shares of Class B Common Stock (including any officers, directors, consultants or employees of the Corporation) issued pursuant to outstanding awards granted under any stock option, restricted stock and/or similar plan of the Corporation, (b) a holder of any shares of Class B Common Stock issued in connection with dividends and distributions, subdivisions or combinations, or reorganizations, reclassifications, mergers or consolidations as provided for herein, and (c) a holder of any shares of Class B Common Stock specifically permitted to receive such shares by Transfer under the provisions of this Section 3(f) that do not require conversion of such shares into shares of Class A Common Stock.