Examples of Founder Agreement in a sentence
Upon the Subscriber's payment in full of the Purchase Price as contemplated by this Part A(1), the Company shall issue to the Subscriber that number of whole shares of Common Stock subscribed for by Subscriber pursuant hereto, subject to those restrictions set forth in the Founder Agreement.
Following its formation, the Special Committee terminated Mr. Schnatter’s Founder Agreement, which defined his role in the Company, among other things, as advertising and brand spokesperson for the Company.
In addition, the Employee’s Exchanged Shares will be considered free from the reverse vesting restrictions of the Founder Agreement upon a termination of employment by the Company for any reason other than “Cause,” as defined below, or upon a termination by the Employee for Good Reason, or due to Death or Permanent Incapacity.
The Founder Agreement also subjected the Employee’s stock to reverse vesting over a 36 month period, beginning as of August 1, 2016, with certain terms and restrictions.
Except as described in the Founder Agreement, Share Exchange Agreement and the associated escrow agreement, the Employee will have complete ownership and full enjoyment of his shares of common stock in the Company.
Effective as of the date hereof, Assignor hereby absolutely assigns, transfers and conveys to Assignee all of the Assignor’s right, title and interest in and to the Founder Agreement.
Capitalized terms not otherwise defined in this Amendment shall have the respective meanings assigned to them in the Founder Agreement.
Pursuant to the Founder Agreement, CHI made its capital contribution to the Everbright Group by the 9 billion shares of the Bank that it held.
Assignee hereby accepts such assignment and assumes all of the obligations of Assignor under the Founder Agreement arising from and after the date hereof as if Assignee were the “Company” (as defined in the Founder Agreement).
The Founder Agreement, as amended hereby, shall remain in full force and effect.