Company Founders definition
Examples of Company Founders in a sentence
Founder's employment and continued employment shall be contingent upon his execution of confidentiality, trade secrets and intellectual property agreements as the Company may require Company Founders at his compensation level to execute from time to time.
It is hereby clarified that Calpian shall have the additional option to acquire the aforesaid equity share capital of MMPL (merged entity) through transfer of equity shares from all the shareholders of MMPL to Calpian on a proportionate basis, unless a different proportion is agreed to by the Company Founders.
Company, MMPL, Calpian, Other Shareholders and Company Founders (collectively as one Party) are collectively referred to as the “Parties” and individually referred to as the “Party”.
For avoidance of doubt it is hereby clarified that for the purpose of this MOU, all the Company Founders, Other Shareholders and their Associates (as defined in the SSSHA) shall be collectively considered as one Party and Calpian and its Associates (as defined in the SSSHA) shall be collectively considered as one Party.
In relation to claims against the Indemnified Party, the Company Founders shall have the right, exercisable by giving written notice to an Indemnified Party within 30 (thirty) days after the receipt of written notice from such Indemnified Party of such Claim, to control the defence, negotiation or settlement thereof through counsel of its choice (which counsel shall be reasonably satisfactory to the Indemnified Party) at its own expense.