FFS Common Stock definition
Examples of FFS Common Stock in a sentence
Public FFS will be obligated at all times during the term of the FFS Option to reserve and keep available such number of shares of FFS Common Stock as will be sufficient to satisfy the requirements of the FFS Option.
Upon proper exercise of the FFS Option, Employee will have all the rights of a shareholder with respect to the FFS Common Stock received regardless of whether such FFS Common Stock is Vested FFS Common Stock.
Employee hereby represents and agrees that any FFS Common Stock that Employee may acquire pursuant to exercise of the FFS Option will be acquired for long-term investment purposes and not with the view toward the distribution or sale thereof in a public offering within the meaning of the Securities Act of 1933.
Public FFS shall not, however, be required to sell or issue any FFS Common Stock pursuant to the FFS Option if the issuance of such FFS Common Stock would constitute a violation by Employee or Public FFS of any applicable law or regulation of any governmental authority.
Any FFS Common Stock issued pursuant to an exercise of the FFS Option that is not Vested FFS Common Stock as of the date of exercise shall bear a legend specifying that such stock may be subject to forfeiture.
Public FFS shall issue and deliver a certificate or certificates representing such shares of FFS Common Stock as soon as practicable after such notice and payments are received.
Employee acknowledges that the transferability of such FFS Common Stock will be subject to restrictions imposed by all applicable Federal and state securities laws and agrees that the certificates evidencing such FFS Common Stock may be imprinted with an appropriate legend setting forth such restrictions on transferability.
The certificate or certificates for the FFS Common Stock as to which the FFS Option shall have been so exercised shall be registered in the name of Employee or Representative or at the direction of Employee or Representative and shall be delivered as aforesaid to or upon written order of such person or persons.
If there is any change in the FFS Common Stock through merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other change in the corporate structure of Public FFS, appropriate adjustments shall be made by Public FFS in the number and the price of the FFS Common Stock in order to prevent dilution or enlargement of the option rights granted thereunder.
All FFS Common Stock purchased upon the proper exercise of the FFS Option shall be fully paid and nonassessable.