Examples of Five Percent Stockholder in a sentence
All expenses incurred by the Agent in disposing of such Excess Securities shall be paid out of any amounts due such Five Percent Stockholder or such other Person.
In the event of any Transfer that does not involve a transfer of securities of the Company within the meaning of Delaware law (“Securities,” and individually, a “Security”) but which would cause the transferee or any other Person to become a Five Percent Stockholder, or would cause the Beneficial Ownership of a Five Percent Stockholder to increase, the application of Section 5 and Section 6 of this ARTICLE THIRTEEN shall be modified as described in this Section 7.
In the event of any Transfer that does not involve a transfer of securities of the Corporation within the meaning of Delaware law (“Securities,” and individually, a “Security”) but which would cause (i) any Person to become a Five Percent Stockholder or (ii) the Percentage Stock Ownership in the Corporation of any Five Percent Stockholder to be increased, the application of Section 5 and Section 6 of this ARTICLE TENTH shall be modified as described in this Section 7.
The Company will also furnish to each Five Percent Stockholder with reasonable promptness, such other information and data with respect to the Company as such Stockholder may from time to time reasonably request, which information will not be used for any purpose by such Five Percent Stockholder other than to evaluate his, her or its investment in the Company and shall be subject to the confidentiality provisions of Section 5.3 below.
Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan if such Employee is a Five Percent Stockholder.