First Option Shares definition

First Option Shares. Means the number of shares in GA shown in the Schedule as due to be issued to The Shareholder on the First Anniversary of the Stock Purchase Agreement

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First Option Shares shall have the meaning provided in Section 2.

First Option Shares means the 21,904 “A” Ordinary Shares of €0.001 each held by the Grantors in the numbers as outlined in Schedule 1, subject to any changes thereto arising out of the transfer of any First Option Shares or Second Option Shares by any Employee Grantor to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ or the transfer of the First Option Beneficial Shares to the Beneficial Grantor

Examples of First Option Shares in a sentence

Notwithstanding such pledge, Continental shall retain full beneficial ownership of the First Option Shares, including, without limitation, the right to vote such shares and to hold such shares for all purposes under the Shareholders Agreement.
Upon the receipt of such consent and the exercise of the Employee Call Option, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall comply with the terms of this Agreement in respect of all First Option Shares registered in his name (including, for the avoidance of doubt, those transferred to him by the Employee Grantors).
Prior to any exercise of the First Options or any transfer or attempted transfer of any of the First Options or First Option Shares, Holder shall give the Company written notice of its intention so to do, describing briefly the manner of any such proposed exercise, sale or transfer.
The Company shall, within 270 days after the receipt of at least $35,000,000 in aggregate gross proceeds from the exercise of the Titan Warrants, exercise the First Option for all of the First Option Shares (inclusive of First Option Shares previously purchased).
The total purchase price (the "Total Purchase Price") of the First Option Shares shall be $900,000.

More Definitions of First Option Shares

First Option Shares has the meaning specified in Section 2.1 of this Agreement.

First Option Shares means 7,750,000 shares of Common Stock.

First Option Shares has the meaning ascribed thereto in Section 3.1(a)(iv);

First Option Shares is defined in Section 3(a).

First Option Shares means, collectively, (i) the number of shares representing an 80% undivided interest in SVL Minerals or Newco, as applicable, (ii) the La Joya Nominee Share or one share in the capital of Newco, to be acquired by Silver Dollar and the SD Nominee Shareholder, respectively, upon the exercise of the First Option;

First Option Shares means [***]; 3

First Option Shares as used in this Agreement also refers to the shares, if any, which are issued to the Manager pursuant to the exercise of the First Option. The First Option Purchase Price and the number of First Option Shares are subject to appropriate adjustment in the event of any stock split, stock combination (reverse stock split) or stock dividend of or on the outstanding shares of MPS Common Stock. By way of example, if the Company were to effect a two-for-one split of MPS Common Stock, the number of First Option Shares (i.e., shares, if any, subject to the First Option) would be doubled and the First Option Purchase Price would be changed to Eight Hundred Fifty Dollars ($850). By way of additional example, if the Company were to effect a one-for-five reverse stock split, the number of First Option Shares (i.e., shares, if any, subject to the First Option) would be changed to one-fifth of such number and the First Option Purchase Price would be changed to Eight Thousand Five Hundred Dollars ($8,500).