Employee Sale definition

Employee Sale means the sale or grant of any right to purchase (including any option or warrant) any shares of Common Stock to any employee, officer or director of, or consultant to, the Company pursuant to any employee, officer, director or consultant plan or agreement adopted or approved by the Board of Directors of the Company, and any exercise of any such right, net of any such rights to purchase expiring unexercised and net of any shares repurchased by the Company from employees, officers, directors or consultants at cost upon termination of employment or tenure pursuant to such agreements. Employee Sale shall also mean (in addition to the shares described in the preceding sentence) the sale or grant of any right to purchase (including any option or warrant) shares of Common Stock to any bank, equipment lessor or other similar financial institution if and to the extent that the transaction in which such sale or grant is to be made is approved by the Company's Board of Directors.
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Employee Sale means the sale or grant of any right to purchase (including any option or warrant) shares of Common Stock to any employee, officer or director of, or consultant to, the Company pursuant to any employee, officer, director or consultant plan or agreement adopted or approved by the Board of Directors of the Company, and any exercise of any such right. Employee Sale shall also mean the sale or grant of any right to purchase (including any option or warrant) shares of Common Stock or Preferred Stock to any bank, equipment lessor or other similar financial institution, and not to a related party, if and to the extent that the transaction in which such sale or grant is to be made is approved by the Company's Board of Directors.
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Examples of Employee Sale in a sentence

  • Provided that the Government Put Shares shall exclude such Shares of Employee Sale Shares that the Government may determine to sell to the employees of the Company under Sub-Clause 5.4(i), and all such lesser number of Shares shall be deemed to be the Government Put Shares for the purposes of this Sub- Clause 5.9(a).

  • For the avoidance of doubt, this Agreement shall not differentiate among shares of Common Stock held by a Management Investor, whether such Management Investor acquired such shares pursuant to an Original Contribution Agreement, a Subscription Agreement, an Employee Sale (as defined below) or upon the exercise of an option to acquire Common Stock.

  • For purposes of this Agreement, any sale of Common Stock complying with the terms of this Section 1.7 is hereinafter called an "Employee Sale." ARTICLE II.

Related to Employee Sale

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Management Stock means Capital Stock of the Company or any Parent (including any options, warrants or other rights in respect thereof) held by any of the Management Investors.

  • Employee Share Scheme means a scheme established by a company, whether by means of a trust or otherwise, for the purpose of offering 10 participation therein solely to employees and officers of the company or a subsidiary of the company, either—

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • New employee means a Full-Time Employee first employed by the Company in the Project and who is hired on or after the Effective Date of this Agreement.

  • Management Stockholder’s Agreement means that certain Management Stockholder’s Agreement between the Optionee and the Company.

  • Management Stockholders means the members of management of Holdings or any of its Subsidiaries who are investors in Holdings or any direct or indirect parent thereof.

  • Bona fide employee means a person, employed by a bidder and subject to the bidder's supervision and control as to time, place, and manner of performance, who neither exerts, nor proposes to exert improper influence to solicit or obtain contracts nor holds out as being able to obtain any contract(s) through improper influence.

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

  • New Employer means, after a Change in Control, a Participant’s employer, or any direct or indirect parent or any direct or indirect majority-owned subsidiary of such employer.

  • prospective sale means a sale which is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Active Employment means you must be actively at work for the Sponsor:

  • Prospective employee means an assessed individual who is anticipated to be hired upon completion of training.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Shareholder-Employee means a Participant who owns more than five percent (5%) of the Employer's outstanding capital stock during any year in which the Employer elected to be taxed as a Small Business Corporation under the applicable Code Section.

  • Change in Control means the occurrence of any of the following events: