Examples of Earnout Stock Consideration in a sentence
Each of the parties hereto (other than the Securityholders’ Agent) shall use its reasonable best efforts to cause the issuance of the Initial Stock Consideration and any Earnout Stock Consideration to validly qualify for an exemption from the registration and prospectus delivery requirements of the Securities Act and the equivalent state “blue sky” Legal Requirements, as well as any applicable foreign securities Legal Requirements.
Each Effective Time Holder understands and agrees that the Parent Common Stock underlying the Initial Stock Consideration and the Earnout Stock Consideration may have to be held indefinitely unless the transfer of such Parent Common Stock is registered under the Securities Act or an exemption from registration is available.
Parent shall, prior to the issuance of Parent Common Stock comprising the Adjusted Total Earnout Stock Consideration file with The New York Stock Exchange all required documentation with respect to the shares of Parent Common Stock comprising such Adjusted Total Earnout Stock Consideration.
Parent shall not be required to: (i) transfer on its books any Initial Stock Consideration or Earnout Stock Consideration that has been sold or otherwise transferred in violation of any of the provisions of this Agreement; or (ii) treat as owner of such Initial Stock Consideration or Earnout Stock Consideration, or to accord the right to vote or pay dividends, to any purchaser or other transferee to whom such Initial Stock Consideration or Earnout Stock Consideration has been purportedly so transferred.
Parent shall be reasonably satisfied that the issuance of all Initial Stock Consideration and Earnout Stock Consideration shall validly qualify for an exemption from the registration and prospectus delivery requirements of the Securities Act and the equivalent state “blue sky” Legal Requirements, as well as any applicable foreign securities Legal Requirements.
For purposes of determining the Earnout Stock Consideration with respect to any Earnout Period pursuant to the preceding sentence, each such shares of Integral Common Stock shall be deemed to have a per share value equal to the average of the daily last trade of the Integral Common Stock as reported in the Nasdaq National Market for the thirty (30) trading day period ending two (2) trading days immediately preceding the last calendar day of such Earnout Period.
The "Earnout Stock Consideration" with respect to any Earnout Period shall mean that certain number of shares of Integral Common Stock having an aggregate value equal to fifth percent (50%) of the Contingent Purchase Price with respect to each Earnout Period.
Parent shall take all corporate action necessary to authorize and have available for issuance at the Closing a sufficient number of shares of Parent Common Stock required for delivery of the Aggregate Stock Consideration and the Aggregate Earnout Stock Consideration to the Exchange Agent in accordance with Section 2.4 and Section 2.15 hereof.
THK covenants and agrees that it will seek approval from its shareholders for the issuance of the Earnout Stock Consideration to the extent it does or will exceed 20% of the outstanding shares of THK Common Stock at the next annual or special meeting of its shareholders held after the annual meeting scheduled for March 14, 2006 or any postponements or adjournments thereof.