Examples of Class D Special Shares in a sentence
Upon exercise of an Option and payment in full of the purchase price and any applicable tax withholdings, the Corporation shall cause to be issued and delivered to the Optionee within a reasonable period of time a certificate or certificates in the name of or as directed by the Optionee representing the number of Class "D" Special Shares the Optionee has purchased.
The holders of Class D Special Shares shall not be entitled to receive notice of, to attend or vote at meetings of shareholders of the Corporation except for meetings at which holders Class D Special Shares are entitled to vote.
The authorized capital of GrowPros consists of an unlimited number of Class A Common Shares, Class B Common Shares, Class C Common Shares, Class A Special Shares, Class B Special Shares, Class C Special Shares and Class D Special Shares of which only 25,300,200 Class A Common Shares and no other shares are issued and outstanding as of the date hereof.
The Board of Directors may, in its discretion, but subject always to section 44 of the Corporations Act, grant loans, on such terms as are permitted by law and the Board of Directors may determine, to Optionees to enable them to purchase Option Shares, provided that all Class "D" Special Shares purchased with the proceeds of such loans shall be held by a trustee until the Corporation has been repaid in full.
The purpose of the E-Cruiter.com Inc Key Employee Stock Option Plan is to develop the interest of and provide an incentive to eligible employees and directors of E-Cruiter.com Inc (the "Corporation") in the Corporation's growth and development by granting to eligible employees and directors from time to time options to purchase Class "D" Special Shares of the Corporation, thereby advancing the interests of the Corporation and its shareholders.
The number of Option Shares subject to each outstanding Option and the purchase price for such Option Shares shall be appropriately adjusted for any subdivision, redivision, consolidation or any similar change affecting the Class "D" Special Shares.
Each Option or installment may be exercised at any time or from time to time, in whole or in part, for up to the total number of Class "D" Special Shares with respect to which it is then exercisable.
The holders of the Class D Special Shares shall not be entitled to receive dividends.
In the event that there are no holders of Common Shares, the holders of Class D Special Shares and Class C Special Shares shall, subject to the rights of the holders of the Class A Special Shares and Class B Special Shares, be entitled to receive all of the remaining property and assets of the Corporation.
In the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, the holders of Class D Special Shares shall not be entitled to receive any of the property or assets remaining for distribution to shareholders of the Corporation, unless there are no holders of any Common Shares.