Family Member Shares definition
Examples of Family Member Shares in a sentence
NortonLifeLock and Bidco have agreed that, in the case of a Waive-down Announcement, I (or any registered holder of any Beneficial Shares and/or the holder(s) of any Family Member Shares (if applicable)) shall be given sufficient time to revoke, withdraw or modify any form of election or electronic instruction previously returned or transmitted in respect of the Majority Stock Option.
Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors and permitted assigns, including, in the case of any Family Member, any trustee, executor, heir, legatee or personal representative succeeding to the ownership of the Family Member Shares (including upon the death, disability or incapacity of any Family Member).
The Undersigned Family Members taken together have no plan or intention to Transfer or Acquire any Family Member Shares except for Transfers or Acquisitions that, in the aggregate, meet the requirements of Section 2(d)(i) (without regard to whether such Transfers or Acquisitions occur during or after the Lock-Up Period).
Except for the Family Member Shares, as of the date hereof, no Family Member Beneficially Owns (i) any other shares of NACCO Common Stock or Xxxxxxxx Beach Holding Common Stock, (ii) any securities that are convertible into or exercisable or exchangeable for NACCO Common Stock or Xxxxxxxx Beach Holding Common Stock or (iii) any Equity Securities of any subsidiary of NACCO or Xxxxxxxx Beach Holding.
Each Undersigned Family Member has no present plan or intention to Transfer or Acquire any Family Member Shares except for Transfers or Acquisitions that meet the requirements of Section 2(d)(i) (without regard to whether such Transfers or Acquisitions occur during or after the Lock-Up Period).
There are no outstanding options, warrants, commitments, agreements or any other rights of any character (except as created by this Agreement) entitling any person other than Purchaser to acquire the Family Member Shares.
No Xxxx Family Member shall be entitled to any Additional Consideration in respect of the sale of their Family Member Shares to Purchaser hereunder.
The Family Member Shares are lawfully owned by each Xxxx Family Member free and clear of any Lien of any kind, and have been owned by such Xxxx Family Member since February 1, 1997.
Upon delivery of the Xxxx Family Member Shares to Purchaser hereunder, Purchaser will acquire good title thereto free and clear of all Liens and claims of others of every kind and description, subject to applicable federal and state securities laws.
The Family Member Shares are fully paid and non-assessable, with no personal liability attaching to the ownership thereof, and the Family Member Shares are transferable to Purchaser under the terms of this Agreement.