Examples of Earnout Stock Consideration in a sentence
Following achievement of the applicable Earnout Milestone, the Representative may waive such issuance restrictions at any time with respect to all or any portion of the issuable shares; provided, that, in no event shall any Earnout Stock Consideration be issued prior to the expiration or waiver of the Rescission Right.
We participate in the design of the future 4-m class European Solar Telescope (EST), particularly its adaptive optics system and other instrumentation.
Any Earnout Stock Consideration due hereunder shall be issued to the Company Members promptly following, but in any event within 10 calendar days thereof, any date such shares are required to be issued in accordance with this Section 2.7(k).
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.
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.
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.
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.
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.
Unless at the written directive of the Shareholder, no sales of shares of the Earnout Stock Consideration will be completed at a price that is less than 80% of the price per share that was the valuation basis for the issuance of the Earnout Stock Consideration.