Examples of Common B Shares in a sentence
The Common A and Common B shares have full voting rights and shall enjoy the same rights and privileges, except as follows: • Each common B shares earns a fixed annual dividend (Guaranteed Preferred Dividend or GPD) which, upon declaration of MPI’s BOD, is payable within 60 days from the close of the calendar year.
The right of MVC-RF, as holder of Common B shares, to petition for the redemption of the shares is recognized and guaranteed.
The Common B shares are redeemable at the option of MPI (the issuer).
MPI’s authorized capital stock comprises (a) 5,140,000 Common A shares with par value of P=30.00 and (b) 7,800,000 Common B shares with P=1.00 par value.
Subject to Article 11.1, the holders of the Common B shares shall not be entitled to vote at any General Meeting of the Company duly convened in accordance with these Articles.
There are no other material rights accruing to the Common B shares.
The proposed authorized number of Common B shares is 21,246,751,244 .
The issuance of the Common B shares after the approval by the stockholders in the special stockholders’ meeting of the proposed increase in the authorized capital stock and after approval by the Bangko Sentral ng Pilipinas, and the Securities and Exchange Commission shall be subject only to the approval of the Board of Directors and do not require the approval of stockholders.
The Company’s former LLC Agreement authorized Aeglea LLC to issue three classes of common shares, each with no par value: Common A-1 shares, Common A shares, and Common B shares.
One of the founders, a non-employee member of the Company’s Board of Directors, entered into a consulting agreement with the Company in 2014 under which the founder would receive $50,000 per year for a fixed number of hours of consulting and advisory services and receive 57,142 Common B shares (converted into 43,290 restricted stock awards and 13,852 stock options upon the LLC Conversion) with the vesting contingent on time and performance milestones being achieved.