Family Shares definition

Family Shares means, at any particular time, all shares of Common Stock at such time beneficially owned solely by Persons falling within any one (1) or more of categories (i), (ii) and (iii) below: (i) lineal descendants (including persons adopted into the line of descent) of X.X. Xxxxxx, Xx.; (ii) spouses of such lineal descendants, including surviving spouses of deceased lineal descendants and excluding divorced former spouses of lineal descendants; or (iii) trusts or estates of which the principal beneficiary or beneficiaries are Persons falling within any one (1) or more of categories (i) or (ii) above and fiduciaries of such trusts or estates in their capacities as such fiduciaries. The fact that one (1) or more beneficiaries of a trust or estate falling within category (iii) above who are not Persons falling within either of categories (i) or (ii) above may be deemed to be a Beneficial Owner of all or a portion of the shares of Common Stock beneficially owned by such trust or estate solely by reason of being a beneficiary or beneficiaries thereof shall not remove such shares from the category of Family Shares.
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Family Shares means any Company Voting Securities beneficially owned by the Foundation, trusts for the benefit of the Foundation or those members of the Xxxxxxxxx family and other trusts and foundations identified on Schedule A attached hereto.
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Family Shares means, in relation to a Member, any Shares for the time being held by that Member or any of his Family Members or trustees of his Family Trust.
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Examples of Family Shares in a sentence

  • If the Family Shares described in the Notice are not transferred in accordance with the terms described in the Notice within such period, a new Notice shall be given to the Series A Holders and the Company, and the Series A Holders shall again be offered a right of first refusal pursuant to this Agreement, before any Family Shares held by the Family Shareholders may be sold or otherwise transferred.

  • If the total number of Shares that the Series A Holders elect to purchase exceeds the number of Family Shares that the Selling Holder proposes to transfer, each Series A Holder electing to purchase (each a "Purchasing Shareholder") shall be entitled to purchase such holder's Pro Rata Share (as defined in Section 1.3(d)), of the Family Shares to be transferred.

  • The Purchasing Shareholders' obligation to consummate such purchase shall be conditioned upon the Selling Holder's delivery of original share certificates representing the Family Shares to be sold, together with customary representations and warranties and instruments of conveyance, so that the Purchasing Shareholders take title to such shares free of all liens and encumbrances.

  • Once Executive Shares and Family Shares have been released from the Repurchase Right as provided by this Subsection, such shares shall not thereafter be subject to the Repurchase Right set forth herein or be subject to forfeiture under the terms of this Agreement.

  • One hundred percent of the Family Shares shall be released from the Repurchase Right on the date that is the one-year anniversary of the effective date of this Agreement.

  • The Transferred Family Shares shall be and remain subject to all of the terms and conditions of this Agreement as were applicable to such Shares immediately prior to their transfer pursuant to this Section 10(e); without limiting the foregoing, the obligations hereunder arising out of the possession or ownership of such Transferred Family Shares shall be binding upon the respective Intra-family Transferees.

  • For purposes of clause (ii) above, the twenty-five percent limitation shall apply separately to the Family Shares, for which Executive shall not sell or cause a sale except as in accordance with the limitation described in clause (ii).

  • The Xxxx Family Stockholders acknowledge that the certificates representing the Xxxx Family Shares shall contain the legend in Section 2.3(c) of the Merger Agreement.

  • Except for the Family Representatives solely with respect to the provisions of Section 2.2 applicable to the holders of Family Shares, this Agreement is not intended to confer upon any Person any rights or remedies hereunder.

  • At the closing of any purchase of the Xxxx Family Shares, the Xxxx Family Transferor will transfer, assign and deliver, or cause to be transferred, assigned and delivered to the Xxxx Family Purchaser any certificates or other evidence representing the Xxxx Family Shares being purchased, duly endorsed or accompanied by transfer powers duly executed by the Xxxx Family Transferor or his duly appointed legal representative or authorized agent with such signature thereon duly guaranteed.

Related to Family Shares

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement;

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • Stockholder Shares means all securities of the Company registered in the name of, or Beneficially Owned by the Stockholder Parties, including any and all securities of the Company acquired and held in such capacity subsequent to the date hereof.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Acquisition Shares means each class of shares of beneficial interest of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Company Shares means the common shares in the capital of the Company;

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • ASA Shares has the meaning set forth in 2.4(a).

  • Newco Shares means the common shares in the capital of Newco;

  • Common Shares means the common shares in the capital of the Corporation;

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Controlled Shares in reference to any person means all shares of the Company directly, indirectly or constructively owned by such person as determined pursuant to Section 958 of the Code.

  • Acquired Shares has the meaning set forth in the Recitals.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Excluded Shares has the meaning set forth in Section 2.1(b).

  • Subco Shares means the common shares in the capital of Subco;

  • voting equity securities means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of security has such voting power by reason of any contingency.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Subsidiary Shares shall have the meaning specified in Section 6.3 [Subsidiaries].