Examples of ESOP Holdco in a sentence
These public dis- closures support the conclusion that this Board is failing to exercise independent judgment in negotiations with WFSG.
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).
Subject to Article 15.9, no Investor may transfer any Equity Securities of the Company to any Company Competitor without the prior written consent of the Company; provided however that the foregoing restriction shall not apply to Alibaba if any of the Company, the Principals, the Principal Shareholders, the Officer Holdcos, the ESOP Holdco, the WFOE or the Domestic Company is then in breach of the Shareholders Agreement and such breach has not been cured within thirty (30) days.
A special purpose company to be incorporated under the laws of the Cayman Islands and wholly owned, directly, by Offshore ESOP Holdco.
As of March 31, 2023, BCPE Bridge Cayman, L.P., BCPE Stack Holdings, L.P., Bridge Management, L.P. and BCPE Stack ESOP Holdco Limited collectively beneficially owned 44.6%, Boloria Investments Holding B.V. beneficially owned 8.8%, and Zeta Cayman Limited beneficially owned 7.5% of the Company’s outstanding ordinary shares, respectively.
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.
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.
The Parties agree that, within five (5) months after the Closing, the Company will implement its employee equity incentive plan (the “ESOP”) based on all ESOP Target Equity held by the ESOP Holdco.
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 Parties agree that within 5 months after the completion of the Closing, the Company will implement the Company’s employee equity incentive plan (the “ESOP”) by way of additional subscription of the Company’s registered capital by Hangzhou Lanjing or a separately established ESOP Holdco to acquire 8% equity in the Company after the capital increase at that time.