Examples of Disputed Shares in a sentence
Due to non-cooperation between the Sellers and certain other parties, the Disputed Shares were not transferred to the Purchasers.
First, the Company cancelled the 1.5 million shares of common stock that Szalay received in the 2005 Issuance in exchange for the Disputed Shares.
I found above that Szalay provided the Company with two alternative forms of consideration in exchange for the Disputed Shares: the shares of common stock he received in the 2005 Issuance and the release, in effect, of his claim to additional Founders‘ Shares.
Thus, even if the 2005 Issuance was ineffective, Szalay‘s claim against the Company for additional Founders‘ Shares effectively would have been satisfied or released as consideration for the 2009 Issuance of the Disputed Shares.
During the following several years, Szalay attempted repeatedly to recover the Disputed Shares, maintaining that, in contravention of the Founders‘ agreement under which Szalay and Will each were to get 3 million and Thomas was to get 1.5 million Founders‘ Shares, Will had given the Disputed Shares to his wife.
Second, the Action by Written Consent indicates that the actions regarding the issuance as Series A Preferred Stock to Szalay was taken to correct a previous error.149 This is the error regarding the Disputed Shares that Szalay had been complaining about for years.
Even Sundberg, who represented Genelux in connection with the Wills Settlement, testified (albeit equivocally) that the release would not preclude Szalay from seeking additional Founders‘ Shares from Genelux.146Furthermore, Simus failed to carry his burden to prove that Szalay never had a valid claim to the Disputed Shares in the first place.
Currently, other than share options with vesting terms, the Compensation Committee does not expect, but retains the right at their sole discretion, to grant restricted shares, share appreciation rights, performance awards or other share-based awards under the Plan.
All students will be monitored with ongoing assessments to maintain continued growth in all areas, which will be detailed later in this section.
In the alternative, the Purchasers have also prayed that the tribunal direct the Company to issue fresh share certificates evidencing the Disputed Shares to the Purchasers.