Founder Majority definition

Founder Majority means Founders representing more than [75]% of all the Shares that are owned by Founders;
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Founder Majority means Founder; provided that upon the death of Founder (or at such other time approved in writing by Founder), it shall mean the holders of a majority of the Units owned by the Founder Group.
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Founder Majority means the Founders and/or such persons' Beneficiaries;
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Examples of Founder Majority in a sentence

  • Notwithstanding the above, the Board shall have the right to agree on deviations to the above regular vesting period on a case by case basis in writing, subject to a Founder Majority Commented [HA27]: Only applicable to Key Person Founders.

  • Each of the Key Persons shall, as long as he/she is an employee of the Company, devote his/her entire business time and attention to the Company and not undertake additional business activities without a Founder Majority Consent.


More Definitions of Founder Majority

Founder Majority means the consent or approval of Seller Indemnifying Parties who would be entitled to receive a majority of the Escrowed Shares if then distributed.
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Founder Majority means a majority of the Founders that are employed by the Company or one of its Affiliates as of the applicable time.
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Founder Majority means a majority of the Founders that are employed by the Company or one of its Affiliates as of the applicable time.
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Related to Founder Majority

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

  • Majority Holders means at any time the Holders of Warrants exercisable for a majority of the shares of Warrant Stock issuable under the Warrants at the time outstanding.