Examples of Class D Convertible Shares in a sentence
Payment of the conversion price for Class D Convertible Shares shall be made in cash (including check, bank draft or money order) or, in the sole discretion of the Board, by delivery of a promissory note (if in accordance with policies approved by the Board).
An Executive may, upon payment in full in cash of the Conversion Price per share, convert all or any portion of his or her outstanding Class D Convertible Shares into Ordinary Shares at any time and from time to time.
Under this Plan, the Company will issue Ordinary Shares, Class A Convertible Shares, Class B Convertible Shares, Class C Convertible Shares and/or Class D Convertible Shares to Participants.
As a condition to any conversion of any Class D Convertible Shares, such Executive shall make all investment representations as required by the Management Equity Plan.
An aggregate of 16,014,334 Ordinary Shares shall be reserved for issuance pursuant to this Plan (as may be adjusted (including with respect to the conversion of Convertible Shares) pursuant to the following sentence, "Shares"), of which 8,606,334 Ordinary Shares shall be reserved for issuance upon conversion (either direct or indirect) of Class D Convertible Shares.
An Executive may, upon payment in full in cash of the Class D Conversion Price per share, convert all or any portion of his or her outstanding Class D Convertible Shares (whether such Class D Convertible Shares are outstanding as of the Effective Time or otherwise are outstanding as a result of Class A1 Convertible Shares, Class A2 Convertible Shares and/or Class A3 Convertible Shares) into Ordinary Shares at any time and from time to time.
An Executive may, upon payment in full in cash of the Class D Conversion Price per share, convert all or any portion of his or her outstanding Class D Convertible Shares into Class A Ordinary Shares at any time and from time to time and may, upon payment in full in cash of the Class I Conversion Price per share, convert all or any portion of his or her outstanding Class I Convertible Shares into Class B Ordinary Shares at any time and from time to time.
In the event of the death or in the event that the beneficial owner becomes unable to manage his or her own affairs due to illness or mental incapacity, then the issuer may force the conversion of that individuals Class D Convertible Shares to common stock.
As a condition to any conversion of any Class D Convertible Shares, such Executive shall make all investment representations as required by the Plan.
For the avoidance of doubt, Class D Convertible Shares, Class I Convertible Shares and Ordinary Shares are not subject to redemption or purchase pursuant to this paragraph 4 or otherwise.