Executive Shares definition

Executive Shares has the meaning given to such term in Section 2.01 hereof.

Executive Shares means Stockholder Shares owned by Executives or their Permitted Transferees.

Executive Shares means all Shares acquired by Executive pursuant to this Agreement or any other agreement, option plan or other arrangement with the Company or any Subsidiary, whether on or following the date of this Agreement, and all Shares of the Company issued or issuable with respect to such Shares by way of a stock split, stock dividend or other recapitalization.

Examples of Executive Shares in a sentence

• Except as otherwise provided in Section 2.02(b), one-third of the Vesting Executive Shares shall become vested on a cumulative basis on each anniversary of the Effective Date, if as of such date, Executive is still employed by the Company Group.

• ACP will pay for the Unvested Shares (to the extent such payment is required hereunder) to be purchased pursuant to the Repurchase Option by delivery of a certified check payable to the holder(s) of such Executive Shares or a wire transfer of immediate available funds.

• If any such restrictions prohibit the repurchase of Executive Shares hereunder that ACP is otherwise entitled or required to make hereunder, ACP may repurchase such Executive Shares as soon as it is permitted to do so under the Delaware General Corporation Law or such applicable agreement restrictions.

• Executive hereby acknowledges and agrees that the Executive Shares have not been registered pursuant to the Securities Act or the securities laws of any state and may not be sold or transferred in the absence of an effective registration statement or an exemption from registration thereunder.

• In addition to the Executive Shares, Executive shall be entitled to participate in and receive grants under the Equity Incentive Plan.

More Definitions of Executive Shares

Executive Shares means 105,118,203 shares of Class A Stock underlying 105,118,203 shares of Class B Stock held by Austin Russell. “Legacy Luminar Class A Stock” means the shares of Class A common stock, par value $0.00001 per share, of Legacy Luminar. “Legacy Luminar Class B Stock” means the shares of Class B common stock, par value $0.00001 per share, of Legacy Luminar.

Executive Shares means the Common Stock held by any Executive.

Executive Shares means, collectively, (i) the Common Executive Shares and (ii) the Preferred Executive Shares.

Executive Shares means all shares of the Company's Class B Common purchased by Executive pursuant to Section 2.2 hereof; all Executive Shares will continue to be Executive Shares in the hands of any holder other than Executive (except for the Fund, the Fund's affiliates and purchasers pursuant to an offering registered with the Securities and Exchange Commission or purchasers acquiring Executive Shares in a market sale made pursuant to Rule 144 promulgated under the Securities Act of 1933, as amended (the "1933 Act")), and each such other holder of Executive Shares will succeed to all rights and obligations attributable to Executive as a holder of Executive Shares hereunder.

Executive Shares means 13,235,412 shares of Class A Common Stock underlying 13,235,412 shares of Class B Common Stock held in the aggregate by Henrik Fisker (6,617,706 shares individually) and Dr. Geeta Gupta (6,617,706 shares individually).

Executive Shares means the shares purchased under the Original Agreement. Executive Shares will continue to be Executive Shares in the hands of any holder other than Executive (except for the Parent and except for transferees in a Public Sale), and except as otherwise provided herein, each such other holder of Executive Shares will succeed to all rights and obligations attributable to Executive as a holder of Executive Shares hereunder. Executive Shares will also include shares of the Parent’s shares issued with respect to Executive Shares by way of a share split, distribution or reorganization or upon conversion of the Parent into a corporation, by way of a stock split, stock dividend or other recapitalization. Notwithstanding the foregoing, all Unvested Shares shall remain Unvested Shares, subject to the vesting provisions of this Agreement, after any Transfer thereof.

Executive Shares shall, for each Executive on each date of calculation, mean all Shares Beneficially Owned by such Executive on the Measurement Date.