Examples of Company Class C Shares in a sentence
As of the Original Agreement Date, (i) no Company Common Shares, no Company Class B Shares and no Company Class C Shares are held in the Company’s treasury and (ii) 6,500,000 Company Common Shares are available for issuance under the Company Incentive Plan, of which 2,928,866 Company Common Shares are subject to Company Options that have been granted under the Company Incentive Plan and 2,816,793 Company Common Shares are subject to Company RSUs that have been granted under the Company Incentive Plan.
Such Company Shareholder acknowledges and agrees that the EBT Trustee is the legal owner of 1,122 Company Class C Shares.
The Class C Holders (through a nominee) beneficially own all of the issued Company Class C Shares other than the EBT Shares.
The authorized share capital of the Company consists of 64,290,000 shares comprised of: (i) 11,975,469 Company Class A Shares, (ii) 12,549,531 Company Class B Shares, (iii) 15,120,000 Company Class C Shares, (iv) 15,120,000 Company Class D Shares and (v) 9,525,000 Company Class E Shares.
At the close of business on the date hereof: 2,450,469 Company Class A Shares were issued and outstanding; 12,549,531 Company Class B Shares were issued and outstanding; 15,120,000 Company Class C Shares were issued and outstanding; no Company Class D Shares were issued and outstanding; and 2,245,765 Company Class E Shares were issued and outstanding (and no such Class E Shares were purchased pursuant to Section 6(b) of the Navis 2000 LLC Option Plan, as amended).
Effective simultaneously with and conditioned upon the occurrence of the Closing, the Company will redeem from the Class C Shareholders, all outstanding Company Class C Shares, and each holder of shares of Company Class C Shares will receive from the proceeds of the IPO a redemption payment in cash equal to $30.64 per share of Class C Preferred Stock so redeemed for an aggregate payment to such Shareholders of $524,542.06 pursuant to this Section 4.2.
As of the date hereof, (i) no Company Common Shares, no Company Class B Shares and no Company Class C Shares are held in the Company’s treasury and (ii) 6,500,000 Company Common Shares are available for issuance under the Company Incentive Plan, of which 2,928,866 Company Common Shares are subject to Company Options that have been granted under the Company Incentive Plan and 2,816,793 Company Common Shares are subject to Company RSUs that have been granted under the Company Incentive Plan.
Further, the Company has previously authorized the sale and issuance of 1 Class A Share to Immtech and 310,000 Class B Shares to Franklin and/or its designees, and the Company has also previously authorized and/or reserved for sale and issuance up to 163,333 shares of Class C Common Stock of the Company ("Class C Shares," and collectively with Class A Shares and Class B Shares, "Shares").
Upon confirmation of the transmission of the wire transfers contemplated by Section 4.3 hereof, the Class C Shareholders will deliver to the Company, and the Company will accept from the Class C Shareholders, the stock certificates representing the Affiliate Class C Shares and the Company Class C Shares, duly endorsed or accompanied by appropriate stock powers.
As of the date hereof, the Company is authorized to issue Class A shares, par value $0.10 each (the “Company Class A Shares”), of which 25,697 Company Class A Shares are issued and outstanding, Class C shares, par value $0.10 each (the “Company Class C Shares”), of which 5,578 Company Class C Shares are issued and outstanding, and Series B preferred shares (the “Company Series B Preferred Shares”), of which 52,587 Company Series B Preferred Shares are issued and outstanding.