Examples of Class L Stock in a sentence
Whether the Award covers Shares that are Class A Stock, Class L Stock and/or Preferred Stock and also, with respect to Class A Stock or Class L Stock, whether the Shares are voting or non-voting (i.e., Class A-1, A-2, L-1 or L-2).
Further, the forfeiture of the Founders Shares shall be pro rata between the Class B Stock and the Class L Stock held by the Sponsor in proportion to the relative amounts of each class of stock held by the Sponsor.
Subject to the following provisions of this Section and Section 10, the maximum number of Shares that may be issued pursuant to Awards made under the Plan is (i) 775,000 shares of Class A Stock, (ii) 9,000 shares of Class L Stock and (iii) 22,000 shares of Preferred Stock, and such additional securities in such amounts and such classes as the Committee may approve.
Each Unit shall consist of, subject to adjustment as provided in the Warrants, nine (9) shares of the Company's Class A-1 Common Stock, par value $0.001 per share (the "Class A Stock") and one (1) share of the Company's Class L Common Stock, par value $0.001 per share (the "Class L Stock" and, together with the Class A Stock, the "Common Stock").
Losses are not allocated to the Class L Stock in the computation of basic earnings per share as the Class L Stock is not obligated to share in losses.Basic earnings per share (“EPS”) excludes the effect of common stock equivalents and is computed using the “two-class” computation method, which divides earnings attributable to the Class L preference from total earnings.
Practicum students must demonstrate responsibility and respect for the client and their significant others.
This project would allow boat traffic to move between the bay of Green Bay and Lake Michigan and the Winnebago system, which would increase the risk of AIS being moved upriver.
Each holder of Shares agrees to cast all votes to which such holder is entitled in respect of the Shares, whether at any annual or special meeting, by written consent or otherwise, in such manner as the Majority Principal Investors may instruct by written notice to increase the number of authorized shares of Class A Stock or Class L Stock to the extent necessary to permit the Company to comply with the provisions of its certificate of incorporation with respect to the conversion of shares of Common Stock.
For purposes of this Section 4.2, the Class A Stock will be treated as a single class and the Class L Stock will be treated as a single class.
At the Closing, pursuant to the ---------------------------------- Employment Agreements and the Option Agreements, the Unvested DCI Options are to be converted into (i) unvested options to purchase shares of Class A-5 Stock, (ii) unvested options to purchase shares of Class L Stock (the options described in clauses (i) and (ii) collectively, the "Unvested Details Options" and together with the Vested Details Options, the "Details Options") and (iii) unvested Out-of-the-Money Options.