Examples of ESOP Holdco in a sentence
The proxy agreement between Abiding Joy Limited, Mr. Ju’s wholly-owned company and BCPE Stack ESOP Holdco Limited, dated September 22, 2020, pursuant to which Abiding Joy Limited was appointed as the proxy to vote any shares of the Company held by BCPE Stack ESOP Holdco Limited at any general meetings, will be terminated immediately.
In addition, subject to the vesting of Mr. Ju’s equity interest in BCPE Stack ESOP Holdco Limited, 8,057,824 Class B ordinary shares in the Company currently held by BCPE Stack ESOP Holdco Limited will be converted into Class A ordinary shares immediately prior to the transfer of such shares to Mr. Ju or Abiding Joy Limited (when such shares are to be so transferred following vesting thereof).
If the Proposed Transferee does not agree to purchase any part or all equity that any Investor requests to sell by exercising the Fully Co-Sale Rights, I-Mab HK and/or the Management and/or the Management Holdco and/or the ESOP Holdco (as the Selling Shareholder(s)) shall purchase all equity requested to be sold by the Investors who intend to exercise the Full Co-Sale Rights at the same conditions, otherwise they shall not transfer Offered Equity to the Proposed Transferee.
Following such termination, Abiding Joy Limited will no longer have any voting power with respect to any shares of the Company held by BCPE Stack ESOP Holdco Limited.
For purposes of this Section 4, “Ordinary Holder” means any Founder Party, the Employee Holdco, the ESOP Holdco and any of its Permitted Transferees (as defined below); “Restricted Shares” means any of the Company’s securities now owned or subsequently acquired, directly or indirectly, by an Ordinary Holder; “Preferred Holders” means holders of any Preferred Shares or any Ordinary Shares issued pursuant to the conversion thereof.
The address for notice of the Company, the Domestic Company, the ESOP Holdco, XPeng Limited, XPeng (Hong Kong) Limited or Guangdong Xiaopeng Motors Technology Co., Ltd.
Any purported Transfer, sale or issuance of any Equity Securities held by ESOP Holdco in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, any of the Founder Parties) shall recognize any such Transfer, sale or issuance.
A special purpose company incorporated under the laws of the Cayman Islands and wholly owned, directly, by Offshore ESOP Holdco.
This BCPE Stack ESOP Holdco Limited Share Option Plan as from time to time amended and in effect.
If the faculty member's name was removed at his or her request, this will be stated on the ballot.